Atos provides additional information on its 2021 financial figures
Paris, February 9th, 2022 –
Referring to EU regulation No. 596/2014, which provides that
issuers shall inform the public as soon as possible of inside
information directly relevant to them, Atos provides today
additional information on its 2021 financial figures, following its
January 10, 2022, preliminary announcement.
In the context of an accelerated move to the
cloud, the Group decided in 2021 to reposition its activity
portfolio and to focus on Digital, Cloud, Security and
Decarbonization activities, away from classic infrastructure
services and Unified Communications & Collaboration. In light
of this change in strategy and the refocusing on growing services,
the Group conducted a comprehensive analysis of future
recoverability of assets and profitability of legacy contracts. As
announced in January 10, 2022, this analysis lead to impairment of
assets, mainly pertaining to legacy activities.
Today, the Group is in a position to indicate
that impairment of goodwill and other non-current assets will
amount to c. €1.9 billion. As a direct consequence, an impairment
will be booked to reflect the lower recognition of the deferred tax
assets of the Group.
The Group will also book in H2 2021 an
impairment of contract assets, reserves for bad debts and provision
for future losses for up to c. €0.5 billion resulting mainly from
the effects mentioned above and the reassessment of contracts
including the financial services BPO contract in the UK.
All impacts described above will be reported in
the Other Operating Income and Expense section of the Group’s 2021
consolidated P&L, with no impact on the Group’s operating
margin and cash flow.
The Group estimates that its 2021 Revenue will
be c. €10.8 billion, a decrease of c.-2.6% at constant currency
(versus c.-2.4% announced on January 10) and the Operating Margin
to be c. 3.5% (versus c.4% announced on January 10) mainly due to
final assessment of the financial services BPO contract in the UK.
The Free Cash Flow remains unchanged at c. €-420 million.
The preliminary figures in this press release
were reviewed by Atos’ board of directors on February 9, 2022 and
are not audited.
The Group will publish its 2021 results as well
as its objectives for 2022 on February 28, 2022.
This comprehensive review and the resulting
impairments are a key step for the Group, which can now fully focus
on its turnaround plan to be shared with investors during the
capital markets day in Q2.
Conference call
Atos’ management invites you to an international conference
call, on Thursday, February 10, 2022 at 08:00 am
(CET – Paris) chaired by Rodolphe Belmer, CEO.
You can join the webcast of the conference:
- via the
following link: https://edge.media-server.com/mmc/p/m8oysczb
- by telephone with the dial-in, 10
minutes prior the starting time. Please note that if you want to
join the webcast by telephone, you must register in advance
of the conference using the following
link: http://services.choruscall.it/DiamondPassRegistration/register?confirmationNumber=2974996&linkSecurityString=323a16610
Upon registration, you will be provided with
Participant Dial In Numbers, a Direct Event Passcode and a unique
Registrant ID.During the 10 minutes prior to the beginning of the
call, you will need to use the conference access information
provided in the email received upon registration.
After the conference, a replay of the webcast will be available
on atos.net, in the Investors section.
Appendix
|
January 10th preliminary figures |
February 10th
update |
Revenue growth at constant currency |
c. -2.4% |
c. -2.6% |
% Operating Margin to revenue |
c. 4% |
c. 3.5% |
Free Cash Flow |
c. €-420 million |
c. €-420 million |
Forthcoming events
February 28, 2022 (After Market Close)
Full
Year 2021 results April 27, 2022 (Before Market
Opening) First
Quarter 2022 revenue May 18, 2022
Annual
General Meeting July 27, 2022 (Before Market Opening)
First
semester 2022 results
ContactsInvestor
Relations: investors@atos.netPress: Anette
Rey - +33 6 69 79 84 88 - anette.rey@atos.net
About Atos
Atos is a global leader in digital
transformation with 107,000 employees and annual revenue of over €
11 billion. European number one in cybersecurity, cloud and high
performance computing, the Group provides tailored end-to-end
solutions for all industries in 71 countries. A pioneer in
decarbonization services and products, Atos is committed to a
secure and decarbonized digital for its clients. Atos is an SE
(Societas Europaea), listed on Euronext Paris and included in the
CAC 40 ESG and Next 20 indexes.
The purpose of Atos is to help design the future
of the information space. Its expertise and services support the
development of knowledge, education and research in a multicultural
approach and contribute to the development of scientific and
technological excellence. Across the world, the Group enables its
customers and employees, and members of societies at large to live,
work and develop sustainably, in a safe and secure information
space.
Disclaimers
This document contains forward-looking
statements that involve risks and uncertainties, including
references, concerning the Group's expected growth and
profitability in the future which may significantly impact the
expected performance indicated in the forward-looking statements.
These risks and uncertainties are linked to factors out of the
control of the Company and not precisely estimated, such as market
conditions or competitor's behaviors. Any forward-looking
statements made in this document are statements about Atos’ beliefs
and expectations and should be evaluated as such. Forward-looking
statements include statements that may relate to Atos’ plans,
objectives, strategies, goals, future events, future revenues or
synergies, or performance, and other information that is not
historical information. Actual events or results may differ from
those described in this document due to a number of risks and
uncertainties that are described within the 2020 Universal
Registration Document filed with the Autorité des Marchés
Financiers (AMF) on April 7, 2021 under the registration number
D.21-0269 and the Amendment to the 2020 Universal Registration
Documents filed with the AMF on July 30, 2021 under number
D.21-0269-A01. Atos does not undertake, and specifically disclaims,
any obligation or responsibility to update or amend any of the
information above except as otherwise required by law. This
document does not contain or constitute an offer of Atos’ shares
for sale or an invitation or inducement to invest in Atos’ shares
in France, the United States of America or any other
jurisdiction.
Revenue organic growth is presented at constant
scope and exchange rates.
Industries include
Manufacturing (Aerospace, Automotive, Chemicals,
Consumer Packaged Goods (Food & Beverage), Discrete
Manufacturing, Process Industries, Services and Siemens),
Financial Services & Insurance (Insurance,
Banking & Financial Services, and Business Transformation
Services), Public Sector & Defense (Defense,
Education, Extraterritorial Organizations, Public Administration,
Public Community Services and Major Events), Telecom, Media
& Technology (High Tech & Engineering, Media, and
Telecom), Resources & Services (Energy,
Retail, Transportation & Hospitality, and Utilities) and
Healthcare & Life Sciences (Healthcare and
Pharmaceutical).
Regional Business Units include North
America (USA, Canada, Guatemala and Mexico),
Northern Europe (United Kingdom & Ireland,
Belgium, Denmark, Estonia, Belarus, Finland, Lithuania, Luxembourg,
The Netherlands, Poland, Russia and Sweden), Central
Europe (Germany, Austria, Bulgaria, Bosnia, Croatia, Czech
Republic, Greece, Hungary, Romania, Serbia, Slovenia, Slovakia,
Israel, and Switzerland), Southern Europe (France,
Andorra, Spain, Portugal and Italy) and Growing
Markets including Asia-Pacific (Australia, China, Hong
Kong, India, Japan, Malaysia, New Zealand, Philippines, Singapore,
Taiwan, and Thailand), South America (Argentina, Brazil, Chile,
Colombia, Uruguay, and Peru), Middle East & Africa (Algeria,
Benin, Burkina Faso, Egypt, Gabon, Ivory Coast, Kenya, Kingdom of
Saudi Arabia, Madagascar, Mali, Mauritius, Morocco, Qatar, Senegal,
South Africa, Tunisia, Turkey and UAE), Major Events and Global
Delivery Centers.
- Atos provides additional information on its 2021 financial
figures
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