French IT group Atos wins 150 million pound contract with UK government
French IT group Atos has won a five-year contract worth 150 million pounds ($193.5 million) with Britain's Department for Environment, Food and Rural Affairs, the company said on Wednesday.
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Atos selected by the UK Department for Environment, Food and Rural Affairs as its future end user services provider
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Atos successfully sides with Special Olympics World Winter Games Turin 2025, the world's largest humanitarian sporting event of the year
Press Release Atos successfully sides with Special Olympics World Winter Games Turin 2025, the World's Largest Humanitarian Sporting Event of the Year Atos delivered the best of its technologies to enable participants share their demonstration of unity and determination, bravery and the power of kindness Turin, Italy, March 20, 2025 - Atos, a global leader in digital transformation and the key Technology Partner of Special Olympics International for the World Winter Games Turin 2025, today announces it has delivered the critical IT services that helped make the games a success. This event, which took place from March 8 to 16, 2025, brought together up to 1,500 athletes and Unified partners (teammates without intellectual disabilities) from 100 nations, 2,000 volunteers, over 1,000 coaches and delegation officials, 2,000 family members, 1,300 guests and over 500 media representatives.
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Atos Belgium and Venator Announce the Successful Implementation of the Eviden Product Carbon Footprint Platform
Press Release Atos Belgium and Venator Announce the Successful Implementation of the Eviden Product Carbon Footprint Platform Brussels, Belgium, and Paris, France – March 12, 2025 – Atos Belgium is pleased to announce the successful rollout by Eviden, its business group leading in digital, cloud, big data and security, of its Product Carbon Footprint (PCF) Platform at Venator, a global manufacturer of titanium dioxide pigments and performance additives. This milestone marks the completion of a project that began in October 2023 and concluded in December 2024.
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France's Atos to launch reverse stock split on March 25
Atos said on Friday it is launching a reverse stock split as the French IT group aims to restore investor confidence after completing a financial restructuring plan last year to overcome a crushing debt crisis.
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Atos launches a reverse stock split
Press release Atos launches a reverse stock split Paris, France - March 7, 2025. – Atos SE (the “Company”) announces the implementation of a reverse stock split of the shares comprising its share capital, through the exchange of 10,000 old shares of €0.0001 par value for 1 new share of €1.00 par value.
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Atos S.E. (AEXAF) Q4 2024 Earnings Call Transcript
Atos S.E. (OTCPK:AEXAF) Q4 2024 Results Conference Call March 5, 2025 2:00 AM ET Company Participants Philippe Salle - Chairman & Chief Executive Officer Jacques-François de Prest - Chief Financial Officer Conference Call Participants Frederic Boulan - BofA Securities Laurent Daure - Kepler Cheuvreux Adam Megyeri - Bank of America Philippe Salle Good morning, everybody. Thank you for joining us this morning for our '24 financial results.
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French IT group Atos misses revenue forecast on contract terminations, soft market
Atos missed its annual revenue forecast on Wednesday, dented by contract terminations and market weakness, but saw improved order intake following a restructuring plan that restored client confidence and averted financial collapse.
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Atos reports full year 2024 results
Press release Atos reports full year 2024 results Recovery of the commercial activity in Q4 2024 Q4 order entry at €2.7 billion Q4 book to bill at 117%, +9 points vs Q4 2023, benefitting from the signature of large multi-year contract renewals and wins FY 2024 book to bill at 82% vs 94% in prior year FY 2024 revenue: €9,577 million, down -5.4% organically, impacted by previously-established contract terminations or scope reductions and by market softness in key geographies Eviden: down -6.7% organically Tech Foundations down -4.1% organically Operating margin of 2.1% at €199m, with Eviden at 2.0% and Tech Foundations at 2.2% Down -210 bps organically compared with FY 2023, mainly due to the allocation to the business of SG&A costs previously allocated to Other Operating Income & Expenses, as part of the separation project in prior year Operating margin includes circa €40 million of provision for underperforming contracts following negotiations with customers Free cash flow at €-2,233 million reflecting the end of one-off working capital optimization actions and higher capex linked to High Performance Computing contracts Working capital optimization at December 2024 of €0.3 billion compared to €1.8 billion in prior year Consisting solely of customer invoices paid in advance without any discount and on a pure voluntary basis; No usage at all of account receivable factoring or specific optimization on trade payables. Net income group share of €248 million, including notably: €3,520 million income from the financial restructuring, including a €2,766 million gain on the debt-to-equity swap and €965 million IFRS 9 debt fair value treatment, which will be amortized in subsequent years Goodwill and other non-current assets impairment charge of €2,357 million, reflecting the decrease of the Group's enterprise value, which takes into account a lower fair value of the financial debts and a lower market capitalization Paris, March 5, 2025 - Atos, a global leader in digital transformation, high-performance computing and information technology infrastructure, today announces its 2024 financial results.
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Atos and Esri announce a strategic partnership to strengthen their offerings in the digital twins market for territory and infrastructure applications
Press Release Atos and Esri announce a strategic partnership to strengthen their offerings in the digital twins market for territory and infrastructure applications Paris, France – March 4, 2025 – Atos today announces that it has signed a strategic partnership with Esri (Environmental Systems Research Institute), a world leader in Geographic Information Systems (GIS), to strengthen their offerings in the market related to AI powered digital twins for territories and infrastructure. These new software solutions will facilitate the collection, management and visualization of complex location-based information through the simulation and development enabled by these digital twins.
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Atos successfully deploys new, innovative sport technologies during the Winter European Youth Olympic Festival Bakuriani 2025
News Atos successfully deploys new, innovative sport technologies during the Winter European Youth Olympic Festival Bakuriani 2025 New, integrated technologies contributed to the event success and are now field-proven, ready to be deployed at a larger scale. Bakuriani, Georgia, and Paris, France, February 20, 2025 - Atos, a global leader in digital transformation and the Technology Partner of the Winter European Youth Olympic Festival (EYOF) Bakuriani 2025, today announces that its innovative IT services contributed to the success of the event from February 9 to 16, 2025.
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Atos Successfully Supports Invictus Games Vancouver Whistler 2025 Reach New Heights
News Atos Successfully Supports Invictus Games Vancouver Whistler 2025 Reach New Heights Atos services were instrumental in helping participants share their extraordinary resilience and passion on-site and with audiences worldwide Vancouver and Whistler, Canada, and Paris, France, February 18, 2025 - Atos, a global leader in digital transformation and the Official Technology Partner of the Invictus Games Vancouver Whistler 2025, today announces it has successfully delivered the full range of critical IT services that helped make the games, which took place from February 8 to 16, 2025, a unique event. This event brought together up to 550 competitors from 23 nations, introducing winter sports to the Invictus Games for the first time.
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Atos Digital Workplace Experience Engagement platform enhances user support with Espressive's Barista Conversational AI solution
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Atos publishes estimated 2024 year-end liquidity position well above business plan
Press Release Atos publishes estimated 2024 year-end liquidity position well above business plan Paris, France – January 20, 2025 – Atos SE (Euronext Paris : ATO) today publishes an estimated 2024 year-end liquidity position well above the level set out in the business plan presented as part of its Accelerated Safeguard Plan. This publication is part of the regular reporting requirements defined and agreed with the Group's financial creditors.
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Atos confirms not being compromised by the ransomware group Space Bears
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Atos SE announces the appointment of FORVIS MAZARS as joint statutory auditor to certify the financial statements for the fiscal year ending December 31, 2024
Press Release Atos SE announces the appointment of FORVIS MAZARS as joint statutory auditor to certify the financial statements for the fiscal year ending December 31, 2024 Paris, France – 24 December 2024 – Atos SE (Euronext Paris : ATO) (the “Company” or “Atos”) announces the appointment, by interim order (ordonnance de référé) of the President of the Pontoise Commercial Court on December 19, 2024, of FORVIS MAZARS, selected following a call for tenders, as the Company's new joint statutory auditor, to certify the financial statements for the fiscal year ending December 31, 2024, alongside Grant Thornton. It is reminded that the mandate of Deloitte & Associés as statutory auditor, appointed on May 18, 2018 for a term of six fiscal years, could not be extended for regulatory reasons and will therefore expire at the end of the Annual General Meeting called to approve the individual and consolidated financial statements for the fiscal year ended December 31, 2023, which meeting is, in principle, competent to appoint its successor and will be held on January 31, 2025, at 10 a.m.
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ATOS Digital Transformation Strategy Profile 2024: Accelerators, Incubators and Innovation Programs
Dublin, Dec. 19, 2024 (GLOBE NEWSWIRE) -- The "Enterprise Tech Ecosystem Series: ATOS SE 2024" company profile has been added to ResearchAndMarkets.com's offering.
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Convening of the Annual General Meeting to approve the 2023 financial statements to be held on January 31, 2025 and evolution of the Atos Board of Directors
Communiqué de presse Convening of the Annual General Meeting to approve the 2023 financial statements to be held on January 31, 2025 and evolution of the Atos Board of Directors Paris, France, December 19, 2024 Convening of Annual General Meeting The meeting notice (avis de réunion) for the General Meeting scheduled for January 31, 2025, containing the agenda, the draft resolutions, and the participation and voting procedures for this Meeting, will be published in the Official Legal Gazette (Bulletin des Annonces Légales Obligatoires BALO) on December 25, 2024, and will be available on the Company's website (https://atos.net/en/investors/annual-general-meeting). Evolution of the composition of Atos Board of Directors Atos' Board of Directors, upon the recommendation of the Nominations and Governance Committee, chaired by Elizabeth Tinkham, Lead Independent Director, has approved the following changes to its composition to be proposed at the General Meeting called to approve the 2023 financial statements to be held on January 31, 2025, in line with the needs identified by the Board and in the context of the Group's transformation.
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Atos opens a new chapter with the successful closing of its financial restructuring
Press release Atos opens a new chapter with the successful closing of its financial restructuring All transactions of Atos' accelerated safeguard plan have now been implemented, resulting in: A more sustainable capital structure with €2.1 billion gross debt reduction Additional liquidity thanks to €1.6 billion new money debt and c. €145 million resulting from the rights issue and the additional reserved capital increase With no debt maturities before the end of 2029, Atos now has the resources and flexibility to execute its mid term strategy Atos corporate credit rating upgraded to B- (stable) by S&P and rated B- (stable) by Fitch Atos' share capital comprised of 179,035,979,643 shares and 179,035,979,643 theoretical voting rights1 as a result of the share capital increases Paris, France – December 19, 2024 – Following its December 16, 2024 press release, Atos SE (“Atos” or the “Company”) today announces the successful closing of its financial restructuring, thanks to the completion of the final steps of the accelerated safeguard plan (the “Plan”) approved by the specialized Commercial Court of Nanterre on October 24, 2024.
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Atos SE announces the final amounts of the subscriptions to the Reserved Capital Increases for creditors under the Accelerated Safeguard Plan
NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN. THIS PRESS RELEASE IS AN ADVERTISEMENT AND NOT A PROSPECTUS WITHIN THE MEANING OF REGULATION (EU) 2017/1129 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL OF JUNE 14, 2017
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Atos to evolve CNES's customizable flight software and maintain it for the next five years
Press Release Atos to evolve CNES's customizable flight software and maintain it for the next five years Paris, France – 16 December 2024 – Atos today announces it has been selected by The Centre National d'Etudes Spatiales (CNES) to update and maintain its customizable flight software solution (LVCUGEN) for satellites and spacecraft. This new five-year contract reflects CNES's continued trust in Atos as a reliable technology partner.
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Launch of the Reserved Capital Increases for creditors under the Accelerated Safeguard Plan of Atos
NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN. THIS PRESS RELEASE IS AN ADVERTISEMENT AND NOT A PROSPECTUS WITHIN THE MEANING OF REGULATION (EU) 2017/1129 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL OF JUNE 14, 2017
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Atos SE announces the completion of the settlement and delivery of its €233 million rights issue
NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN. THIS PRESS RELEASE IS AN ADVERTISEMENT AND NOT A PROSPECTUS WITHIN THE MEANING OF REGULATION (EU) 2017/1129 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL OF JUNE 14, 2017
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Atos ranked as a Leader in ISG's report Mainframes – Services and Solutions in Europe
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Atos dévoile les lauréats de la 15ème édition de son concours Handi-Entrepreneurs
Communiqué de presse Atos dévoile les lauréats de la 15ème édition de son concours Handi-Entrepreneurs Paris, France, le 4 décembre 2024 – Le Groupe Atos annonce aujourd'hui les lauréats de la 15ème édition de son concours Handi-Entrepreneurs visant à soutenir la démarche d'innovation et l'esprit d'entreprendre des personnes en situation de handicap. Cette année, trois lauréats et un « coup de cœur » ont été distingués pour leur créativité et leurs initiatives entrepreneuriales novatrices.
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Atos completes the sale of Worldgrid to ALTEN for an enterprise value of €270 million
Paris, France – December 2, 2024 - Atos, a global leader in digital transformation, high-performance computing and information technology infrastructure, today announces that it has completed the sale of its Worldgrid business unit to ALTEN SA (“ALTEN”) for an enterprise value of €270 million. The Group previously announced that it had signed a binding agreement on November 5, 2024, after entering into exclusive negotiations on June 11, 2024.
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Atos €233 million rights issue concluded
NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN. THIS PRESS RELEASE IS AN ADVERTISEMENT AND NOT A PROSPECTUS WITHIN THE MEANING OF REGULATION (EU) 2017/1129 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL OF JUNE 14, 2017
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Atos named Official Technology Partner for the Invictus Games 2025
The company will provide cutting-edge Timing, Results and Scoring Solutions in Vancouver and Whistler, Canada PARIS , Nov. 27, 2024 /PRNewswire/ -- Atos, a global leader in digital transformation, today announces it has been selected as the Official Technology Partner of the Invictus Games Vancouver Whistler 2025 presented by ATCO and Boeing, to be held from February 8-16 in Vancouver and Whistler, Canada. Atos' extensive experience in the sports industry, paired with its leadership in cutting-edge technology within the global sports ecosystem, will help take the Invictus Games Vancouver Whistler 2025 to the next level of performance and provide competitors and stakeholders with an exceptional experience.
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PR - Atos named Official Technology Partner for the Invictus Games 2025
Press release Atos named Official Technology Partner for the Invictus Games 2025 The company will provide cutting-edge Timing, Results and Scoring Solutions in Vancouver and Whistler, Canada Paris, France – November 27, 2024 – Atos, a global leader in digital transformation, today announces it has been selected as the Official Technology Partner of the Invictus Games Vancouver Whistler 2025 presented by ATCO and Boeing, to be held from February 8-16 in Vancouver and Whistler, Canada. Atos' extensive experience in the sports industry, paired with its leadership in cutting-edge technology within the global sports ecosystem, will help take the Invictus Games Vancouver Whistler 2025 to the next level of performance and provide competitors and stakeholders with an exceptional experience.
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PR - Atos secures €165 million contract extension with EUROCONTROL
Press Release Atos secures €165 million contract extension with EUROCONTROL This contract extension will deliver Mission-Critical Infrastructure and Cybersecurity Monitoring Services 24/7 to EUROCONTROL Paris, France, and Brussels, Belgium - November 26, 2024 - Atos, a global leader in digital transformation, high-performance computing and information technology infrastructure, today announces it has been entrusted by EUROCONTROL to continue supporting its mission critical services for European Airspace Management & Aviation. EUROCONTROL is a pan-European, civil-military organization dedicated to supporting a more efficient, more cost-effective European aviation with minimal environmental impact.
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Atos receives offer from French state for its advanced computing activities
French IT firm Atos on Monday entered negotiations with the government for the potential acquisition of its advanced computing activities for an enterprise value of 500 million euros ($524 million), the group said in a press release.
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Atos receives non-binding offer from the French State to acquire its Advanced Computing activities for an enterprise value of €500 million and up to €625 million including earn-outs
Press Release Atos receives non-binding offer from the French State to acquire its Advanced Computing activities for an enterprise value of €500 million and up to €625 million including earn-outs Exclusive negotiations with the French State for the potential acquisition of 100% of BDS's Advanced Computing activities Proposed enterprise value of €500 million and up to €625 million including earn-outs Previous non-binding offer sent by the French State was on a wider perimeter including Mission Critical System and Cybersecurity Products businesses, in addition to the Advanced Computing business Exclusivity granted until May 31, 2025 Target to sign a Share Purchase Agreement by May 31, 2025 upon reception of customary commercial, employee and administrative authorizations Initial payment of €150 million to be made available upon signing of the Share Purchase Agreement Commitment to launch a formal sale process for BDS's Mission-Critical Systems and Cybersecurity Products businesses Impact of the sale of Advanced Computing on the current financial restructuring process and timetable 2027 financial leverage1 expected to be between 1.8x and 2.1x depending on the outcome of the ongoing €233 million rights issue Supplement to the prospectus relating to the ongoing €233 million rights issue to be filed with the French Autorité des Marchés Financiers (“AMF”), in accordance with applicable regulations Subscription period of the ongoing rights issue to be extended, in accordance with the indicative timetable that will be included in the supplement Indicative closing date of the financial restructuring transactions still planned by year-end or early January 2025 Paris, France – November 25, 2024 – Further to its press release dated October 7, 2024, Atos SE (“Atos” or the “Company”) announces it has received a non-binding offer from the French State for the potential acquisition of 100% of the Advanced Computing activities of its BDS division, based on an enterprise value of €500 million, to be potentially increased to €625 million including earn-outs. Atos' Advanced Computing business regroups the High-Performance Computing (HPC) & Quantum as well as the Business Computing & Artificial intelligence divisions.
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Market Update - Bull SA issues preferred share to the French State to protect national interests in relation to sovereign sensitive activities carried out by Atos
Press Release Market update Bull SA issues preferred share to the French State to protect national interests in relation to sovereign sensitive activities carried out by Atos Paris, France – November 8, 2024 – Further to the agreement announced on June 26, 2024 between Atos SE (“Atos”), Bull SA and the French State, Atos announces that Bull SA has issued today a preferred share (action de préférence) for the benefit of the French State to protect national interests in respect of certain activities carried out by the Atos Group. The French State benefits from governance rights at the level of Bull SA, in particular rights of representation on corporate bodies (without voting rights at this stage) and prior authorization and approval rights (droits d'autorisation préalable et d'agrément) designed to protect sovereign sensitive activities.
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Atos Launches $252 Million Capital Increase
The troubled IT firm said it would issue new shares in its latest move to reduce debt.
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French IT firm Atos agrees to sell Worldgrid unit to Alten
Atos said on Tuesday it had signed an agreement to sell its Worldgrid business unit to Alten for 270 million euros ($293.7 million) on an enterprise value basis, in a transaction expected to close before end-2024.
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Atos signs binding agreement to sell Worldgrid to ALTEN for an enterprise value of €270 million
Press Release Atos signs binding agreement to sell Worldgrid to ALTEN for an enterprise value of €270 million Paris, France – November 5, 2024 - Following its press release dated June 11, 2024, Atos, a global leader in digital transformation, high-performance computing and information technology infrastructure, today announces that it has signed a Share & Asset Purchase Agreement with ALTEN SA (“ALTEN”) for the sale of its Worldgrid business unit for an enterprise value of €270 million. Worldgrid provides consulting and engineering services to energy and utility companies.
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Atos Sustainable Workplace research finds device lifespan can double while still delighting users
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France steps up efforts at examining how to protect struggling IT company Atos
France stepped up efforts on Friday to protect Atos , the country's struggling and debt-ridden software company which is undergoing a restructuring.
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US District Court for the Southern District of New York orders a new trial on compensatory damages in Atos' litigation with TriZetto
Press Release US District Court for the Southern District of New York orders a new trial on compensatory damages in Atos' litigation with TriZetto Paris, France – October 25, 2024 On October 23, 2024, as part of Syntel's ongoing litigation with Cognizant and its subsidiary TriZetto, the United States District Court for the Southern District of New York ordered a new trial as to what compensatory damages Syntel, now part of Atos, would be liable for due to Syntel's alleged trade secret misappropriation and copyright infringement. As a reminder, the case began in 2015, before Syntel's acquisition by Atos in 2018.
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Atos SE (AEXAF) Q3 2024 Earnings Call Transcript
Atos SE (OTCPK:AEXAF) Q3 2024 Earnings Conference Call October 24, 2024 2:00 AM ET Company Participants Philippe Salle - Chairman Jean-Pierre Mustier - CEO Clay Van Doren - Chief Growth Officer Jacques-Francois de Prest - CFO Conference Call Participants Aditya Buddhavarapu - Bank of America Operator Good day, and thank you for standing by. Welcome to the Atos Q3 2024 Revenue Conference Call.
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Atos Debt Grows as Restructuring Effort Continues
Atos said its debt pile grew in the third quarter as the beleaguered French IT firm seeks to implement a financial restructuring aimed at restoring profitability.
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Decisive new step in the completion of the financial restructuring: Atos' accelerated safeguard plan approved by the specialized Commercial Court of Nanterre
Paris, France - October 24, 2024 - Atos SE (“Atos” or the “Company”) announces today that, by judgment dated October 24, 2024, the specialized Commercial Court of Nanterre (the “Court”), after having acknowledged, pursuant to the provisions of article L. 626-31 of the French Code de commerce, that all legal conditions had been satisfied, has approved the accelerated safeguard plan of Atos (the “Plan”), presented at the hearing of October 15, 2024.
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France's Atos posts Q3 revenue fall on softer market conditions
Struggling French IT firm Atos reported a 4.4% organic drop in third-quarter revenue on Thursday, owing to softer market conditions, in line with its latest forecasts.
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Atos reports third quarter 2024 revenue
Press Release Third quarter 2024 revenue in line with September 2 nd Business Plan Cash position in line with September 2 nd business plan & FY2024 outlook Q3 2024 revenue of €2,305m, down -4.4% organically, consistent with September 2 nd business plan communicated on September 2 nd , 2024 Eviden down -6.4% organically due to continued market softness in the Americas and Central Europe and previously-established contract scope reductions Tech Foundations down -2.6% organically, reflecting lower scope of work and previously-established contract completions and terminations Q4 and FY2024 outlook in line with September 2nd business plan1 Q3 order entry of €1.5bn, with stronger commercial activity and improved order entry expected in Q4 Eviden book-to-bill at 73%, compared with 80% in prior year. Solid commercial activity in BDS with several High-Performance Computing contracts signed.
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Atos launches its Experience Operations Center in partnership with Nexthink to empower digital workplace performance
Press Release Atos launches its Experience Operations Center in partnership with Nexthink to empower digital workplace performance Experience Operations Center leverages proactive, AI-driven efficiencies to drive new levels of productivity and employee satisfaction Boston, United States and Paris, France – October 16, 2024 – Atos today launches in partnership with Nexthink their state-of-the-art Experience Operations Center (XOC) offering. The joint XOC delivers digital workplace operations that enhance end-user experience through enabling real-time, AI-driven efficiencies and boosting workplace productivity.
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Atos Group and AWS launch Global GenAI Innovation Studio to accelerate AI-powered business transformation
Press Release Atos Group and AWS launch Global GenAI Innovation Studio to accelerate AI-powered business transformation Cutting-edge 6,000sqft facility unlocks the potential of generative AI, enabling organizations to accelerate innovation, transform customer experiences, and optimize productivity Pune, India – October 15, 2024 – Atos Group, including Eviden, its business leading in digital, cloud, big data and security, today announces the launch of its global GenAI Innovation Studio in Pune, India, in partnership with AWS, the world's leading cloud provider. The Studio will serve as a collaborative hub where Atos and AWS will co-develop groundbreaking GenAI solutions that tackle industry-specific challenges.
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Atos appoints Philippe Salle as new chairman and CEO
French IT company Atos said on Tuesday that Philippe Salle will become its new chairman with immediate effect while also taking over as chief executive from February.
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Atos appoints Philippe Salle Chairman of the Board of Directors with effect from October 14, 2024 and Chairman and Chief Executive Officer from February 01, 2025
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Atos: Still aiming for deal with French state on strategic assets as initial offer expires
Cash-strapped IT firm Atos said on Monday it was still aiming to reach a deal with the French state on the sale of its most strategic activities such as cybersecurity and super-computing after the government's initial offer had expired.
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Atos creditors, shareholders approve draft accelerated safeguard plan
French IT firm Atos received vote approval from more than the required two-thirds of its shareholders and creditors to proceed with a proposed accelerated safeguard plan, the company said on Friday.
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Very strong support of Atos SE' shareholders and financial creditors meeting as classes of affected parties vote on the draft accelerated safeguard plan
Press release Very strong support of Atos SE' shareholders and financial creditors meeting as classes of affected parties vote on the draft accelerated safeguard plan Favorable vote of all classes of affected parties of the draft accelerated safeguard plan As planned, the draft accelerated safeguard plan will be presented to the commercial court on October 15, 2024 Paris, France – September 27, 2024 – Atos SE (“Atos” or the “Company”) announces today that Atos' shareholders and financial creditors, meeting as classes of affected parties, have strongly supported the proposed draft accelerated safeguard plan (the “Draft Plan”) and that all of the three classes of affected parties have voted in favor of the Draft Plan by the required majority (more than 2/3 of the votes cast). Maître Hélène Bourbouloux and Maître Thibaut Martinat, in their capacity as judicial administrators of Atos, have transmitted to Atos the results of the vote of all classes of affected parties on Atos' Draft Plan, which are set out in the Schedule 1 to this press release, and are as follows: the class of financial unsecured claims n°1 voted in favor of the Draft Plan by 100.00% of the votes cast; the class of financial unsecured claims n°2 voted in favor of the Draft Plan by 97.64% of the votes cast; the class of shareholders voted in favor of the Draft Plan by 75.03% of the votes cast.
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Atos is awarded a “Platinum” EcoVadis Medal for its commitment to sustainability for 5th year running
Communiqué de presse
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Atos selected by the European Space Agency (ESA) to expand the capabilities of the Destination Earth (DestinE) services platform
Press Release Atos selected by the European Space Agency (ESA) to expand the capabilities of the Destination Earth (DestinE) services platform Funded by the European Commission, the DestinE initiative powers a platform harnessing extensive climate data using a digital model of Earth Paris, France – September 25, 2024 – Atos today announces that it has been selected by the European Space Agency (ESA) to lead a consortium tasked with an initial 12-month mission to expand the capabilities of the Destination Earth (DestinE) services platform. To accomplish this task, the Group will design and implement advanced applications and services (AAS).
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Atos achieves landmark IT delivery for Paris 2024 Olympic and Paralympic Games
Press Release Atos achieves landmark IT delivery for the Olympic and Paralympic Games Paris 2024: the most digital and secure in history Paris, France – September 20, 2024 – Atos, as the Worldwide IT Partner of the Olympic and Paralympic Games, announced today the success of the Information Technology for the Olympic and Paralympic Games Paris 2024. Atos teams, who have been engaged with the Olympic Movement for the past 35 years, integrated, managed and secured the critical IT systems to offer billions of fans around the world the most digital Olympic and Paralympic Games in history.
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Convening of Atos shareholders and creditors gathered in classes of affected parties to vote on the draft accelerated safeguard plan
Press release Convening of Atos shareholders and creditors gathered in classes of affected parties to vote on the draft accelerated safeguard plan Availability of the draft accelerated safeguard plan Paris, France - September 6, 2024. Convening of the classes of affected parties By judgment of July 23, 2024, the Specialized Commercial Court of Nanterre opened an accelerated safeguard proceedings for the benefit of Atos SE (the “Company”), for an initial period of two months, which may be renewed for two additional months.
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France's Atos cuts financial targets but says restructuring still on track
French IT firm Atos on Monday said it would have less cash at hand over the next few years as sales are being dragged down by a weaker business environment, but added this would not impact the key terms of its financial restructuring plan.
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Atos Market Update - September 2, 2024
Press release Market Update Atos updates its financial projections for 2024-2027 to reflect H1 2024 results, the current business environment in its key markets, and the expected impact on free cash flow 1 No impact on the key terms of the financial restructuring plan agreed by a majority of the financial creditors and on 2024-2027 liquidity needs Lower cash interest expense reflecting the terms and conditions of the financial restructuring plan2 Positive cash generation expected in 2026, while lower than previously planned3 Leverage ratio expected to be below 2.0x during 2027 vs by end-2026 previously Target to recover a BB credit profile in the course of 2027, well ahead of end-2029 debt refinancing milestones Expected timing to implement pre-arranged financial restructuring plan through the accelerated safeguard proceedings remains unchanged Meeting for the vote of classes of affected parties on the accelerated safeguard proceedings expected on September 27, 2024 Court hearing for the approval of the accelerated safeguard plan expected on October 15, 2024 Following Court approval, implementation of the plan through several capital increases and debt issuances from November 2024 until January 2025 Implementation of the proposed financial restructuring plan will result in massive dilution of Atos existing shareholders Paris, France – September 2, 2024 – Atos SE (“Atos” or the “Company”) announces today an update of the financial projections for the 2024-2027 period to reflect H1 2024 results, the current business environment and the expected impact on the Group free cash flow. Atos previously published its 2024-2027 business plan on April 29, 2024 as part of its financial restructuring process.
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Atos SE (AEXAF) Q2 2024 Earnings Call Transcript
Atos SE (OTCPK:AEXAF) Q2 2024 Earnings Conference Call August 1, 2024 2:00 AM ET Company Participants Jean Pierre Mustier - Chief Executive Officer Carlo d'Asaro Biondo - Chief Operating Officer Jacques-Francois de Prest - Chief Financial Officer Conference Call Participants Nicolas David - ODDO BHF Aditya Buddhavarapu - Bank of America Jean Pierre Mustier Good morning to everybody. Thank you for joining us to discuss our Half-Year 2024 Results.
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Olympics tech partner Atos posts huge loss
Debt-strapped French tech giant Atos, a key Olympics partner, on Thursday posted a 1.9-billion-euro ($2.1 billion) loss for the first half of the year due to a depreciation of assets and the end of contracts in the Americas.
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Atos H1 operating loss widens to 1.70 billion euros
French tech company Atos on Thursday said its operating loss widened in the first half of 2024 due to an impairment charge and both of its main business units reporting lower sales on soft demand in the Americas and parts of Europe.
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Atos press release : H1 2024 results
Press release Atos reports first half 2024 results Successful funding of Atos financial restructuring plan Revenue of €4,964m down -2.8% organically Eviden down -4.2% organically reflecting continued market softness in the Americas and the UK Tech Foundations down -1.4% organically reflecting lower scope of work with certain customers in Americas and Central Europe Operating margin of 2.3% at €115m, down -100 bps organically This margin decrease comes mainly from the allocation to the business of SG&A costs previously allocated to Other expenses, as part of the separation project in prior year Free cash flow at €-1,914m reflecting stronger investment on customer contracts and a €1,320m reduction of one-off working capital optimization as planned H1 2024 book-to-bill at 73% vs 93% in H1 2023 88% contract renewal rate reflecting continued customer confidence Net loss of €-1,941m Impacted by goodwill and other non-current assets non-cash impairment charge of €1,570m Half year goodwill impairment test performed at end of June, taking into account the ongoing financial restructuring of the Group and the resulting offers received Implementation of the proposed financial restructuring plan will result in massive dilution of Atos existing shareholders Paris, August 1 st 2024 - Atos, a global leader in digital transformation, high-performance computing and information technology infrastructure, today announces its H1 2024 results. Jean Pierre Mustier, Atos Chairman of the Board of Directors and Chief Executive Officer, declared: “The opening of an accelerated safeguard proceedings by the Commercial Court is an important step in Atos' financial restructuring process.
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Atos appoints chairman Mustier as CEO
French technology company Atos on Wednesday said it would appoint Chairman Jean Pierre Mustier as CEO to replace the departing Paul Saleh.
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Atos Market Update – July 24, 2024
Press release Market Update The Court opens the accelerated safeguard proceedings to implement Atos pre-arranged financial restructuring plan Decision taken by the Court considering the strong level of support from the financial creditors Accelerated safeguard proceedings only impacts financial debt (RCF, TL, bonds) and share capital of Atos SE; no impact on suppliers, employees and other claims held on Atos SE Court hearing for the approval of the accelerated safeguard plan expected on October 15, 2024 Following Court approval, implementation of the plan through several capital increases and debt issuances from November 2024 until January 2025 Implementation of the pre-arranged financial restructuring plan €800 million short term interim financing available to the Company secured until closing and to be refinanced with the €1,750 million New Financings1 to be put in place before year-end 2024 Strong participation of the Bondholders 2 to the New Financings Up to €837.5 million new bond and €75 million backstop in cash of the Rights Issue underwritten by 67% of the Bondholders Jean Pierre Mustier appointed Atos CEO in addition to his role as Chairman Paris, France – July 24, 2024 – Atos SE (“Atos” or the “Company”) announces today the opening of an accelerated safeguard proceedings by the specialized Commercial Court of Nanterre, for an initial period of two months, which may be renewed for two additional months. The Court opens the accelerated safeguard proceedings to implement Atos pre-arranged financial restructuring plan As announced in the press release of July 15, 2024, the purpose of this procedure is to enable the Company to implement its financial restructuring plan in accordance with the Lock-Up Agreement3 reached between the Company, a group of banks and a group of bondholders.
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Atos secures funding of $1.82 billion to restructure its debt
French IT company Atos said on Monday it had secured funding of 1.675 billion euros ($1.82 billion) to restructure its debt through a lock-up agreement with a group of banks and bondholders, accounting for more than 50% of its creditors.
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Atos says secures short-term funding through syndication agreements
French technology company Atos said on Friday it had successfully secured short-term financing via two tranches of loans from creditors, adding it still expected to reach a final restructuring agreement this month.
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Atos reaches deal in principle with creditors on restructuring, says media report
French technology company Atos (ATOS.PA) reached an agreement in principle with its creditors overnight to restructure its debt, French business newspaper Les Echos said on Sunday.
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Atos - Resignation of Mr. David Layani and Ms.
Press Release Market Update Resignation of Mr. David Layani and Ms.
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Onepoint withdraws from Atos restructuring talks, Kretinsky wants to rejoin
French technology firm Atos said on Wednesday a consortium led by investor David Layani's Onepoint had withdrawn from discussions on its restructuring, but that it still planned to reach a definitive agreement by July.
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Atos - Market Update - 20 June 2024
Press Release Market Update Update on the targeted €800 million short-term interim financing Final structure agreed for the €450 million short-term interim financing previously committed: €100 million Facilities1 provided by a group of bondholders (fully drawn) €50 million loan from the French State (fully drawn) €225 million additional tranche of facilities backstopped by a group of banks for €125 million and a group of bondholders for €100 million, subject to a waiver from the banks under the €1.5 billion term loan of the Company, to an amendment to the €100 million Facilities previously provided by a group of bondholders and to an agreement in principle on the restructuring terms with the Onepoint Consortium, the Company and the group of banks and bondholders Factoring program reduced to €75 million provided by a group of banks Agreement reached on an additional tranche of facilities of €350 million Backstopped by a group of banks for €175 million and a group of bondholders for €175 million To be available by end of July to secure liquidity until the close of the financial restructuring process Subject to the signing of a lock-up agreement in respect of the financial restructuring and the entry into a dedicated accelerated procedure Syndication of the additional tranches of €225 million and €350 million of facilities (with reallocation of the banks' participations in the €75 million factoring program) to be launched today and ending on June 25, 2024 Objective of reaching a definitive financial restructuring agreement with the Onepoint Consortium 2 and financial creditors by July 2024 remains unchanged Further updates to be provided shortly As a reminder, implementation of the contemplated financial restructuring plan will result in a massive dilution of the existing shareholders of Atos Paris, France - June 20, 2024 – Atos SE ("Atos" or the "Company") today announces that an agreement has been reached with a group of banks and a group of bondholders on the final structure of the €450 million interim financing for additional liquidity it had previously announced on April 9, 2024 (the “Initial Interim Financing”) and on the incremental interim financing of €350 million requested on April 29, 2024 (the “Incremental Interim Financing”). Final structure of the Initial Interim Financing Further to its press release dated April 9, 2024, in which Atos announced a €450 million interim financing agreed in-principle, the Company confirms that a definitive agreement has been reached on the final structure of the Initial Interim Financing, as follows: The €100 million revolving credit and term loan facilities provided by a group of bondholders (the “Facilities”) was received on May 14, 2024; The €50 million loan from the French State through the FDES (Fonds de Développement Economique et Social) to a subsidiary of Atos, Bull SAS, which controls sovereign sensitive activities, was received on May 16, 2024; Regarding the €300 million factoring program that was initially agreed in-principle, after alignment between the Company and its financial creditors, this factoring program will be reduced to €75 million for efficiency purposes and the banks' participations will be reallocated under the program (as indicated below); In order to fill the gap of Initial Interim Financing resulting from the reduction of the factoring program, an agreement has been reached between the Company, a group of banks and a group of bondholders for an increase of the Facilities by an additional tranche of €225 million of revolving credit facility to be drawn shortly after close of syndication, subject to a waiver from the banks under the €1.5 billion term loan of the Company, to an amendment to the Facilities previously provided by a group of bondholders and to an agreement in principle on the restructuring terms with the Onepoint Consortium, the Company and the group of banks and bondholders.
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France makes 700-mn-euro offer for Atos security units
Debt-laden tech group Atos said Friday the French state has made a 700-million-euro bid for its most sensitive businesses, including cybersecurity and supercomputers used for the country's nuclear deterrent.
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France's Atos to sell Worldgrid unit to Alten for about $290 mln
Debt-laden French tech group Atos said on Tuesday it has entered exclusive negotiations for selling its Worldgrid unit for an enterprise value of 270 million euros ($289.93 million) to engineering consulting group Alten.
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Atos enters into exclusive negotiations with ALTEN for the sale of Worldgrid
Press Release Atos enters into exclusive negotiations with ALTEN for the sale of Worldgrid Paris, France – June 11, 2024 – Atos, a global leader in digital transformation, today announces that it has entered into exclusive negotiations with ALTEN SA (“ALTEN”) for the sale of its Worldgrid business unit for a binding enterprise value of €270 million. Worldgrid provides consulting and engineering services to energy and utility companies.
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French IT firm Atos falls 12%, faces major share dilution after selecting rescue deal
Shares in beleaguered French IT company Atos fell close to 12% on Tuesday. The firm said it had chosen a rescue deal proposed by key shareholder David Layani, which is set to result in a major dilution of existing shareholders.
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French tech group Atos picks Onepoint's rescue bid
Struggling French tech group Atos, an Olympics partner and key French defense contractor, said Tuesday it had chosen a takeover offer by a consortium led by its top shareholder Onepoint.
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Atos picks David Layani rescue plan offer -Le Figaro
Debt-laden Atos has picked the offer of its anchor investor David Layani to restructure its debt, Le Figaro newspaper reported on Monday.
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Atos launches Virtual Infrastructure Proficiency (VIP) Advisory services
Press Release
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Atos falls 16% as embattled French IT firms weighs rescue deals set to result in 'massive dilution'
Shares in the struggling French IT firm Atos tumbled on Monday as the company said it would pick between two rescue deals by Wednesday, June 5. The two restructuring deals on the table are led by Czech billionaire Daniel Kretinsky and key Atos shareholder David Layani.
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Atos completes final Technology Rehearsal for the Olympic and Paralympic Games Paris 2024
Press Release
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Atos - Market Update 21 May 2024
Press Release Market update The deadline for the Annual General Meeting to approve the 2023 financial statements has been extended to December 31, 2024, by the President of the Pontoise Commercial Court, to provide Atos with a stable framework to complete the current discussions on a financial restructuring agreement by July 2024. The statutory accounts have been approved by the Board of Directors and certified without any reserve by Atos' statutory auditors.
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Kretinsky weighs changes to Atos bid to win over creditors, source says
Czech billionaire Daniel Kretinsky is looking at options to try to persuade creditors to side with him in the battle for Atos , a source close to the matter said, as the distressed IT firm seeks a debt restructuring plan by May 31.
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Atos creditors reach deal to rescue debt-laden group, La Tribune says
Creditors have reached an agreement that could rescue tech firm Atos , which secures communications for the French army and is set to manage cybersecurity for this summer's Paris Olympic Games, La Tribune newspaper reported on Saturday.
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Bain Capital looking at French tech company Atos, reports Les Echos
U.S. private equity firm Bain Capital is looking at French tech and software company Atos , reported French paper Les Echos on its website, citing sources.
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France's Thales could be tempted by some Atos defence assets, CFO says
Thales opened the door on Tuesday to buying a limited part of the strategic assets of troubled French IT group Atos after the French government floated a rescue package.
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France moves to rescue Atos as former IT crown jewel struggles to stay afloat
French IT firm Atos confirmed on Monday that it had received a non-binding letter of intent from the French government to buy some of its business divisions.
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France moves to acquire key activities of tech giant Atos
French Finance Minister Bruno Le Maire on Sunday said he had moved to acquire the "sovereign activities" of debt-laden French tech giant Atos and prevent foreign ownership of them.
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Tech company Atos: needs more cash and gets French state offer for key units
Ailing French IT firm Atos said it needed 1.1 billion euros ($1.18 billion) in cash to fund its businesses over the 2024-25 period, and confirmed the French state had made an offer to buy out some of its key units.
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French state seeks to acquire some of Atos' activities, FinMin says
The French government has sent a letter of intent to Atos' board with the aim of acquiring all of its activities that the state deems strategic, Finance Minister Bruno Le Maire said on Sunday.
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Atos SE (AEXAF) Q1 2024 Earnings Call Transcript
Atos SE (OTCPK:AEXAF) Q1 2024 Earnings Conference Call April 25, 2024 2:00 AM ET Corporate Participants Paul Saleh - Chief Executive Officer Carlo d'Asaro Biondo - Group Chief Operating Officer Jacques-François de Prest - Group Chief Financial Officer Conference Call Participants Nicolas David - ODDO BHF Derric Marcon - Bernstein Paul Saleh Greetings, everyone. Before we get started, I'd like to draw your attention to the disclaimers on Slide 2.
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Atos says the group will need more cash than expected
Struggling French IT consulting firm Atos on Thursday said a review of its 2024-2027 business plan would lead to an increased need for cash and potentially additional debt reduction, forcing it to update the parameters of its refinancing plan in the coming days.
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Atos reports first quarter 2024 performance
Press Release Atos reports first quarter 2024 performance 1 Q1 2024 Revenue €2,479m, down -2.6% organically Eviden down -3.9% organically, reflecting continued softness in Americas and the UK Tech Foundations down -1.5% organically, reflecting lower scope of work with certain customers in Americas and Central Europe Order entry of €1.6bn for a book-to-bill of 64%, compared with 73% in prior year Eviden book-to-bill at 83%, compared with 79% in prior year, driven by stronger demand in High-Performance Computing Tech Foundations book-to-bill at 47%, compared with 68% in prior year as customers delay contract decisions Operating Margin of €48 million or 1.9% of revenue Eviden at 1.9% and Tech Foundations at 2.0% Cash position 2 of €1.0 bn as of March 31, 2024 Net debt position of €3.9 bn, reflecting a €1.3 bn reduction of working capital actions compared with December 2023 Implementation of interim financing of €450m in progress Business plan presented on April 9 to be adjusted to reflect current business performance and trends Revisions to the 2024-2027 business plan to lead to an increase in new money needs and to a potential additional debt reduction Update to be communicated to the market in the coming days Refinancing proposal deadline extended to May 3 Allowing all stakeholders time to incorporate new information July 2024 target date to reach a refinancing agreement with financial creditors unchanged Paris, France – April 25 2024 - Atos, a global leader in digital transformation, high-performance computing and information technology infrastructure, today announces its performance for the first quarter of 2024. Atos' Chief Executive Officer, Paul Saleh declared: “Tech Foundations and Digital are executing on their transformation plans.
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Atos open for French state to take minority stake in strategic business unit BDS
Struggling IT firm Atos is open to 'any solution' which would allow to financially rescue the group while preserving France's national security interests, Chairman Jean-Pierre Mustier said on Wednesday, adding the government could decide to acquire a minority stake.
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Atos seeks over $1 billion in new funds, Bloomberg reports
Crisis-hit French IT consulting firm Atos SE is seeking more than 1 billion euros ($1.09 billion) in new funds and plans to cut its current debt pile by at least half, Bloomberg News reported on Monday.
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Butler Industries joins Onepoint in Atos rescue consortium
Paris-based Butler Industries is joining a consortium to rescue distressed IT consulting firm Atos , the company's leading shareholder Onepoint said on Sunday in a statement.
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Atos SE (AEXAF) Q4 2023 Earnings Call Transcript
Atos SE (AEXAF) Q4 2023 Earnings Call Transcript
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French company Atos takes on two directors representing shareholder Onepoint
Atos appointed three new directors to its board, two of whom will represent its anchor shareholder Onepoint, which holds 11.4% of the group, the embattled French IT company said on Thursday.
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Atos' talks with Czech billionaire Kretinsky collapse
Talks between Atos and Czech billionaire Daniel Kretinsky over the sale of its legacy operations have collapsed in yet another twist in a more than two-year-long saga at the French IT consulting firm.
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Atos: Cheap For A Reason
Atos has suffered a vicious selloff on the heels of a massive capital raise announcement. Debt issues could be on the horizon as well, particularly with the company needing to execute an ambitious mid-term plan. The stock has seen its relative discount widen, but the persistent gap likely won't be closing anytime soon.
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Atos: There Are Things To Like
I have had varying opinions on Atos but currently believe the company's turnaround will take time. Despite not being a risk-free investment, I see minimal fundamental danger in losing a majority of the investment, and view Atos as an investment with a potential upside. I plan to review 1Q23 for any encouraging signs in the company's performance.
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