2022 annual results: Atos delivering on strategic transformation
plan
2022
annual
results: Atos
delivering on strategic
transformation plan
Strong operational recovery in the second
half delivers FY22 results in line with guidance:
- Return to revenue growth:
+1.3% at constant currency
- Operating margin of
3.1%
- Free cash flow of €-58
million excluding impacts of transformation plan
Robust pick up in commercial momentum in
Q4, with book-to-bill at 112%
Confidence for 2023, progressing towards
mid-term ambitions
Significant progress achieved in separation
project, clear path for completion in H2 2023
Paris,
February
28,
2023 - Atos, a
global leader in digital transformation, high-performance computing
and information technology infrastructure, today announces its FY
2022 results.
Atos’ leadership team, Nourdine Bihmane,
Diane Galbe and Philippe Oliva, declared: “Atos’ recovery
is well underway thanks to the strong commitment and dedication of
our 111,000 employees. In 2022, the Group returned to growth, at
+1.3% at constant currency, and achieved all its financial
objectives with a clear improvement in all KPIs in the second half
of the year. In particular, Evidian started to accelerate its
profitable growth and Tech Foundations delivered fast and tangible
first results on its strategic roadmap, turning profitable three
years ahead of
plan.
We embrace 2023 with confidence. Our envisioned separation, towards
which we have achieved significant progress within only eight
months of its announcement, will be a turning point in the Group’s
history, unleashing the full potential of both future entities and
maximizing value for all our stakeholders. Despite an uncertain
macroeconomic context, we see a wealth of opportunities ahead of us
and are confident in our capacity to continue improving our
performance through 2023. We are laying strong foundations for
renewed success, for Atos today and, tomorrow, for both the Evidian
and the Tech Foundations perimeters.”
In € million |
2022 |
2021 |
Change |
Change at cst. currency |
Revenue |
11,341 |
10,839 |
+4.6% |
+1.3% |
Operating Margin |
356 |
383 |
|
|
In % of revenue |
3.1% |
3.5% |
-40 bps |
-60 bps |
OMDA |
1,020 |
1,095 |
|
|
In % of revenue |
9.0% |
10.1% |
-110 bps |
|
Normalized Net income (loss) |
-28 |
-215 |
|
|
Net income (loss) |
-1,012 |
-2,962 |
|
|
Free Cash Flow - excluding costs of transformation
plan |
-58 |
-419 |
|
|
Free Cash Flow |
-187 |
-419 |
|
|
Net debt |
1,450 |
1,226 |
|
|
2022 performance highlights
Group revenue
was € 11,341 million in 2022, up +4.6% compared to 2021. At
constant currency, revenue grew +1.3%, at the high end of the
Group’s guidance, with an organic stabilization over the full year
(+0.1%) and a +1.2% contribution from acquisitions net of
disposals. Organic growth turned positive in H2, at +2.3%, with a
strong Q4 at +4.6%1. Evidian’s
revenue was € 5,315 million, growing +4.8% at constant
currency and +2.0% organically. Organic growth accelerated in H2,
to +5.4% (Q4 at +11.0%), driven by the ramp-up of Advanced
Computing, steady strong growth in cybersecurity services where
Evidian capitalizes on global leadership, and an acceleration in
Digital. Tech Foundations’ revenue was
€ 6,026 million, decreasing by only -1.6% organically, a sharp
improvement compared to 2021 (-11.4%). Following an
earlier-than-anticipated stabilization in Q3, Tech Foundations
accelerated the rationalization of its portfolio in Q4,
particularly in BPO and value-added resale. Excluding non-strategic
activities (BPO, VAR, UCC), Tech Foundations’ Q4 organic growth was
+1.0%2.
Operating margin was € 356
million, or 3.1% of revenue. In a context of high-cost inflation
(salaries, energy) and supply chain tensions, Atos managed to
drastically improve its operating margin in H2, to 5.1%, after 1.1%
in H1, thanks to vigorous performance improvement actions focused
on structure costs (unwinding of the Spring program, selective
hirings, better cost discipline), underperforming contracts and
pricing. Over the full year, Evidian’s operating
margin was € 276 million, or 5.2% of revenue. Tech
Foundations’ operating margin turned positive in 2022,
three years ahead of plan, to € 79 million or 1.3% of revenue.
Free cash flow
was €-187 million in 2022, including € 129 million of costs related
to the Group’s transformation plan. Excluding these costs, Free
cash flow was € -58 million, a strong improvement compared to 2021
thanks to a strict control of working capital, as well as a € 60
million refund related to the early termination of the German
restructuring plan announced in July 2021.
Net debt was
€-1,450 million at the end of December 2022, or 2.4x pre IFRS 16
OMDA, providing ample headroom to the Group’s bank debt covenant of
3.75x. Having successfully refinanced its bank debt in July 2022,
Atos is adequately funded. The Group’s liquidity
remains solid, with € 3.3 billion of gross cash and €2.0 billion of
undrawn credit facilities at end December 2022.
Book-to-bill rebounded sharply
in Q4, to 112%, compared to 71% in Q3, with both perimeters
improving markedly. Evidian’s book-to-bill was 130% in Q4, driven
by both Digital and BDS. Tech Foundations started to reap the
benefits of its refocused commercial strategy, with Q4 book-to-bill
at 94%, driven by large contracts and a sharp increase in net new
logos. This renewed commercial traction demonstrates Atos’ strong
positions in its core markets and the intact attractiveness of the
Group’s offering.
Delivering on our
transformation project
Significant progress achieved in carve-out
preparation, clear path for completion in H2 2023
In June 2022, Atos announced its intention to
split into two publicly listed entities, both strong leaders in
their respective markets, in order to unlock value and implement an
ambitious transformation plan. Within eight months of this
announcement, the Group has already made significant progress and
is on track to decide on the separation project for a completion in
the second half of 2023.
Started on September 7, 2022, the information
and consultation process of Atos’ European works councils (SEC) was
completed within three months, with good collaboration, and
represents a major milestone in Atos’ transformation project. In
parallel, local consultation processes have also been completed in
all 31 countries where such consultations were required. As a
result, Atos now has a clear path to complete its separation into
two listed entities (subject to final confirmation by its board of
directors and shareholder approval, among other customary
conditions), and to accelerate the implementation of its
transformation plan.
All internal separation workstreams are
progressing as planned, across four pillars: (i) go-to-market and
commercial continuity, (ii) carve-out operations covering tax and
legal structuring, strategic agreements, and preparation of
carve-out financial statements, as well as Day-1 operational
readiness, (iii) operating model and support functions set-up and
(iv) program coordination and change management.
Evidian: strong value proposition around clear
distinctive factors
In 2022, Evidian has implemented a clear roadmap
to increase the synergies between its digital, cloud and big data
& security core activities, and to leverage its unique
combination of services and high-end technologies across the full
digital continuum. This roadmap will position Evidian as a leading
provider of high-value-added services and solutions to customers
who are increasingly mindful of sovereignty and security issues. In
parallel, Evidian accelerated the development of its global
offshore and nearshore centers, to reinforce its delivery
capabilities.
Tech Foundations: fast and tangible first
results on turnaround plan
Tech Foundations is delivering on its announced
strategy and objectives. In 2022, the business line mobilized its
teams around an ambitious turnaround plan and started to gradually
rebuild a robust commercial pipeline. In parallel, Tech Foundations
has positioned its portfolio to be the partner of choice for
digital services and infrastructure modernization, leveraging its
strength in private and hybrid cloud, employee experience and
innovative offerings focused on reducing IT carbon footprint. A
comprehensive set of actions were initiated to reduce
underperforming contracts and their associated losses, particularly
in BPO, and to gradually wind down the value-added resale activity,
and to dispose of the UCC business. Major steps were taken to
reduce costs, with the first tangible results achieved in H2, as
Tech Foundations’ operating margin turned positive three years
ahead of plan.
c.80% of the €700 million divestment program
already secured
On June 14, 2022, Atos announced a divestment
program of non-core businesses representing around €700 million of
expected proceeds, as part of the financing of its transformation
plan. Eight months later, the Group has already secured c.80% of
the €700 million expected proceeds, demonstrating Atos’ ability to
execute in a swift and efficient manner.
Transactions finalized or secured as of today
include the sale of Atos’ 2.5% stake in Worldline on the stock
market in June 2022, and the projected sale, at attractive
conditions for the Group, of Atos Italia3 in November 2022, and the
Unified Communications & Collaboration business in January
2023. Both transactions are subject to the consultation of relevant
employee representative bodies and other customary regulatory
approvals and are expected to close in H1 and H2 2023,
respectively.
Discussions with Airbus to form a long-term
strategic and technological partnership and to sell a minority
stake in Evidian
On February 16, 2023, Atos announced that it had
received an indicative non-binding offer from Airbus to enter into
a long-term strategic and technological agreement and to acquire a
minority stake of 29.9% in Evidian. This proposal is consistent
with Atos’ separation plan as announced.
Atos Board of Directors decided to further
engage with Airbus to discuss, allow a due-diligence process and
negotiate on mutually satisfactory terms on both a long-term
strategic and technological partnership and the sale of the 29.9%
stake in Evidian.
Discussions are ongoing, on a non-exclusive
basis. No assurances can be made that the parties will successfully
negotiate and enter into a definitive set of agreements. Atos
remains committed to examining received indications of interest
from partners that can support a major financial and industrial
project.
2023
outlook
Digital transformation, cybersecurity and big
data markets are expected to continue growing at a strong pace
despite a more challenging macroeconomic context. In 2023,
Evidian will focus on deploying its new value
proposition and offerings, maximizing synergies, and leveraging a
joint go-to-market across its unique array of expertise. At the
same time, Evidian will continue to enhance its sales and delivery
capabilities, driving an acceleration of its profitable growth in
2023.
Following a better-than-anticipated performance
in 2022, Tech Foundations will continue the fast
implementation of its turnaround plan. With a strong focus on
business selectivity and quality, Tech Foundations will accelerate
the reshaping of its portfolio, resulting in a managed revenue
decrease in 2023 in non-strategic activities, while core business
revenue will be stabilized. In parallel, Tech Foundations will step
up the adaptation of its cost structure, with benefits offsetting
the impacts of lower revenue, investment in sales and portfolio and
inflationary pressure.
In 2023, Group revenue organic
growth is expected between -1.0% and +1.0%, as an
acceleration of Evidian’s organic growth will be offset by the
managed reduction of Tech Foundations’ revenue resulting from
portfolio reshaping.
Group operating
margin4 is expected at 4% to 5%.
Evidian’s operating margin is expected to increase compared to
2022. Tech Foundations’ operating margin is expected to remain in
positive territories, well ahead of plan.
On track with 2026
objectives
Evidian and Tech Foundations are well on track
to achieve their 2026 objectives. In particular, Tech Foundations
is performing better than planned as of today, with operating
margin turned positive as soon as 2022. Each company will present
more detailed guidance, including on cash generation, during
Investor Days to be held prior to the contemplated spin-off.
Operating Margin to
Operating Income
In € million |
2022 |
2021 |
Operating margin |
356 |
383 |
Reorganization |
-352 |
-312 |
Rationalization and associated costs |
-69 |
-81 |
Integration and acquisition costs |
-30 |
-44 |
Amortization of intangible assets (PPA from acquisitions) |
-140 |
-151 |
Equity based compensation |
-25 |
-34 |
Impairment of goodwill and other non-current assets |
-177 |
-1,490 |
Other
items |
-359 |
-1,039 |
Operating income (loss) |
-795 |
-2,768 |
In addition to the costs of workforce adaptation
measures already planned at the beginning of 2022, and mostly
executed in H1, Reorganization
costs included €-266 million of costs related to
Atos’ envisioned transformation plan. Such costs included the first
restructuring and reskilling costs incurred by both Tech
Foundations and Evidian, as well as some one-off costs linked to
the preparation of the envisioned separation into two public
entities.
Impairment of goodwill and other
non-current assets for € -177 million in 2022 were mainly
related to assets held for sale and reflected higher interest
rates.
Other items
included a one-off €-210 million impact from Tech Foundations
addressing some large underperforming contracts, particularly in
BPO, and a €-37 million loss from the disposal of Atos’ Russian
activities. The balance mainly came from settlements on customer
and vendor contracts, as well as pension and early retirement
programs in Germany, the UK and France.
Operating income to Net income Group
share
In € million |
2022 |
2021 |
Operating income (loss) |
-795 |
-2,768 |
Net financial income (expense) |
-175 |
-151 |
Tax charge |
-46 |
-39 |
Non-Controlling interests |
0 |
-3 |
Share of net profit (loss) of equity-accounted investments |
4 |
0 |
Net Income Group Share |
-1,012 |
-2,962 |
Basic earning per share |
-9.14 |
-27.03 |
Diluted earning per share |
-9.14 |
-27.03 |
Net financial expense amounted
to €-175 million in 2022 and included €-109 million related to the
sale of Worldline shares in June, for net proceeds of €219 million.
Net cost of financial debt was €-29 million, broadly stable
compared to 2021 (€-25 million).
Free cash flow and net debt
In € million |
2022 |
2021 |
Operating Margin before Depreciation and Amortization
(OMDA) |
1,020 |
1,095 |
Capital expenditures |
-251 |
-272 |
Lease payments |
-405 |
-391 |
Change in working capital requirement |
126 |
-156 |
Cash from operation (CFO) |
489 |
275 |
Tax paid |
-59 |
-81 |
Net cost of financial debt paid |
-29 |
-25 |
Reorganization, Rationalization & Integration costs |
-283 |
-438 |
Of which costs related to Atos' transformation plan |
-129 |
- |
Other changes |
-305 |
-151 |
Free Cash Flow (FCF) |
-187 |
-419 |
Free Cash Flow (FCF) - excluding costs of transformation
plan |
-58 |
-419 |
Free cash flow
was €-187 million in 2022, including €-129 million of cash costs
related to Atos’ transformation plan. Excluding such costs, Free
cash flow was €-58 million, better than the Group’s guidance of
€-150 million.
The change in working
capital was positive, at €+126 million.
Reorganization,
rationalization and integration costs amounted to
€-283 million and included €-129 million of cash costs related to
the Group’s transformation plan.
Other changes
amounted to €-305 million, corresponding to the cash impacts of
other items in the operating income described above.
As a result and including the impacts of
acquisitions and disposals, the Group’s net debt
as of the end of December 2022, was €-1,450 million compared to
€-1,226 million at the end of December 2021.
On July 29, 2022, Atos signed a new €2.7
billion bank debt financing. This unsecured debt package
includes a €1.5 billion term loan with very satisfactory tenure and
pricing conditions, a €0.9bn revolving credit facility supporting
the Group’s liquidity, and a €0.3 billion bridge loan to be repaid
out of the expected proceeds from the Group’s non-core businesses
divestment program. Financial covenant was reset to 3.75x net debt
to OMDA5, tested at year-end. The amount drawn at end of December
2022 was €600 million for the term loan and €80 million for the
revolving credit facility.
Order entry and backlog
Order
entry was € 10.2 billion in 2022,
representing a book-to-bill ratio of 90%. Book-to-bill improved
markedly in Q4, to 112%, compared to 71% in Q3.
Full backlog at the end of
December 2022, amounted to €21.2 billion, down €3.2 billion
compared to the end of December 2021, including € 1.9 billion of
corrections pertaining to prior periods and partly due the exit of
underperforming contracts. Backlog at the end of December
represented 1.9 years of revenue. The full qualified
pipeline was €6.6 billion, slightly down compared to the
end of December 2021, and representing 7.0 months of revenue.
Human resources
The total headcount was 110,797 at the end of
December 2022, up +1.5% compared to 109,135 at the end of December
2021 (+1.7% organically).
In 2022, the Group hired 29,458 employees
(16,089 in H1, 13,369 in H2). 62% of hirings were in offshore and
nearshore countries. Attrition rate was 21.6% in 2022.
In September 2022, Atos was listed for the first
time by Great Place to Work® as one of ‘Europe’s Best Workplaces’
in the 2022 annual list. It is ranked 21st position in the
multinational company category. As of today, Atos has achieved
Great Place to Work® certification in 19 countries.
Industry-leading CSR
recognition
In September 2022, for the third year in a row,
Atos was awarded the EcoVadis Platinum Award for
its Corporate Social Responsibility performance, with the highest
score ever received by the Group, at 84 points out of 100. As a
result, Atos confirms its position in the top 1% of companies
assessed by EcoVadis within its sector.
In October 2022, Atos was upgraded to the
highest rating available (the AAA rating) in the
Morgan Stanley Capital International (MSCI) ESG
rating 2022, ranking it among the top 7% of companies in the
“Software and Service” industry with a good performance in
Sustainability measured through the Environmental, Social and
Governance dimensions.
In November 2022, Atos was ranked in the top 1%
of the IT Services industry in the 2022 S&P
Global Corporate Sustainability
Assessment with a score of 85/100, reflecting a 2 points
year-on-year improvement.
In December 2022, Atos was selected as a member
of both the 2022 Dow Jones Sustainability Index,
World and Europe. In the 2022 DJSI Europe Index, Atos ranks among
the first three companies included in the “TSV IT services”
sector.
In December 2022, Atos was recognized for
leadership in corporate transparency and action on climate change
by the Carbon Disclosure Project, securing a place
on its annual ‘A List’, based on the Group’s last climate
reporting. 2022 was the 10th consecutive year that Atos had been on
the CDP Leadership Band.
Dividend
As Net income Group share was negative in 2022,
Atos Board of Directors decided, in its meeting held on February
28, 2023, to not propose a dividend to the next Annual General
Meeting.
Consolidated financial
statements
Atos consolidated and statutory financial
statements for the year ended December 31, 2022, were approved by
the Board of Directors on February 28, 2023. Audit procedures have
been completed and the audit reports are in the process of being
issued.
Conference call
Atos’ Management invites you to an international
conference call on Group 2022 annual results, on
Wednesday, March
1, 2023
at 08:00 am (CET – Paris).
You can join the webcast of the
conference:
- via the
following link: https://edge.media-server.com/mmc/p/8w5inwtg
- 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:
https://register.vevent.com/register/BI427c80d711fa494d8b40363225433a4e
Upon registration, you will be provided with
Participant Dial In Numbers, a Direct Event Passcode and a unique
Registrant ID. Call reminders will also be sent via email the day
prior to the event.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.
Forthcoming events
April 27, 2023
(Before
Market Opening)
First
quarter 2023 revenueJuly 26, 2023
(Before
Market Opening)
First
half 2023 results
Contacts
Investor Relations: Thomas
Guillois - +33 6 21 34 36 62 -
thomas.guillois@atos.net Media:
Anette Rey - +33 6 69 79 84 88 -
anette.rey@atos.net
APPENDIX
2022 performance by
Business
|
Revenue |
Operating margin |
Operating margin % |
In € million |
2022 |
2021* |
Change at constant currency |
Change Organic |
2022 |
2022 |
Evidian Perimeter |
5,315 |
5,071 |
+4.8% |
+2.0% |
276 |
5.2% |
Tech Foundations Perimeter |
6,026 |
6,130 |
-1.7% |
-1.6% |
79 |
1.3% |
Total |
11,341 |
11,201 |
+1.3% |
+0.1% |
356 |
3.1% |
*At constant
currency |
|
|
|
|
|
|
Evidian
Evidian’s revenue was € 5,315 million,
growing +4.8% at constant currency, driven by the contribution of
2021 acquisitions, that enriched the Group’s offerings particularly
in multi-cloud services, and a +2.0% organic growth, that saw a
strong acceleration in H2 2022, at +5.4% (Q4 2022: +11.0%). Such
acceleration was driven by (i) a pick-up in Advanced Computing,
with a ramp up of HPC revenue following the strong order entry
recorded in Q2, and an increase in high-end servers sales, (ii) a
steady strong growth in cybersecurity services, and (iii) an
improvement at Digital with a good performance in digital
transformation services.
Evidian’s operating margin was € 276 million, or
5.2% of revenue. Following a low H1, at 3.5%, Evidian’s operating
margin was 6.7% in H2. On top of usual seasonality, this increase
resulted from cost take-out actions, higher pricing, better
utilization of billable resources and higher fixed costs absorption
in Advanced Computing. These positive impacts were mitigated by
incremental salary inflation, as anticipated.
Tech Foundations
Tech Foundations’ revenue was € 6,026
million in 2022, declining by -1.6% organically, a sharp
improvement compared to 2021 (-11.4%). Following an
earlier-than-anticipated stabilization in Q3, revenue was down
-1.2% organically in Q4, against a favourable comparison basis,
driven by drastic portfolio rationalization actions, as Tech
Foundations started to tackle underperforming contracts,
particularly in the BPO activity, and to wind down its value-added
resale business. The core infrastructure business reported a much
more contained decline than in 2021, of c. -5% excluding
value-added resale, back in line with global infrastructure market
trends. Digital Workplace recorded robust growth, leveraging Atos’
global leadership in this activity; Professional Services grew
strongly, driven by high staff demand, while UCC contracted,
primarily due to persisting supply chain disruptions.
Tech Foundations’ operating margin broke even in
2022, three years ahead of plan, at € 79 million or 1.3% of
revenue. Vigorous performance actions focused on structure costs
and underperforming contracts yielded tangible results in H2,
partly offset by cost inflation-related headwinds.
2022 performance by Regional Business
Unit
|
Revenue |
|
Operating margin |
Operating margin % |
In € million |
2022 |
2021* |
Change at constant currency |
Change Organic |
2022 |
2021* |
2022 |
2021* |
Americas |
2,866 |
2,841 |
+0.9% |
-1.7% |
222 |
302 |
7.7% |
10.6% |
Northern Europe & APAC |
3,199 |
3,109 |
+2.9% |
+1.4% |
115 |
87 |
3.6% |
2.8% |
Central Europe |
2,588 |
2,609 |
-0.8% |
-0.4% |
-10 |
34 |
-0.4% |
1.3% |
Southern Europe |
2,420 |
2,418 |
+0.1% |
+0.2% |
106 |
54 |
4.4% |
2.2% |
Others & Global Structures |
269 |
224 |
+20.2% |
+7.7% |
-78 |
-65 |
-29.0% |
-29.2% |
Total |
11,341 |
11,201 |
+1.3% |
+0.1% |
356 |
412 |
3.1% |
3.7% |
*At constant
currency |
|
|
|
|
|
|
|
|
Americas:
revenue was up +0.9% at constant currency, driven by the
contribution of recent acquisitions in multi-cloud services in
Digital. Digital activities were broadly stable, Advanced Computing
was up with the delivery of an HPC to a Brazilian petroleum
corporation. Infrastructure services declined in line with their
underlying market. Operating margin was maintained at a high level
despite high personal costs inflation, thanks to the first benefits
of cost structure adaptation.
Northern Europe &
APAC: revenue was up +2.9% at constant
currency compared to 2021. In addition to the contribution of
Cloudreach, Digital activities were driven by strong demand in
application services, in particular from the public sector. Tech
Foundations activities were broadly stable, with new logos in
digital workplace and infrastructure services, and so were BDS
activities despite fluctuations in the Advanced Computing business,
thanks to robust trends in Cybersecurity. Operating margin improved
to 3.6% in 2022, thanks to management actions conducted in H2 to
improve delivery, reduce costs and increase pricing.
Central
Europe: revenue decreased by -0.8% at
constant currency, with however material growth in H2. Digital
activities benefitted from new contracts in the public and
automotive sectors. Cybersecurity recorded robust growth, partly
offset by fluctuations in Advanced Computing. Tech Foundations
contracted driven by hardware shortages in UCC, however at a much
reduced rate compared with 2021. Operating margin was -0.4% over
the full year, improving strongly in H2 thanks to the reduction in
underperforming contracts, cost structure adjustments, and an
improved top line momentum on the back of new business.
Southern
Europe: revenue was up +0.1% at constant
currency. Growth in Big data and Cybersecurity, supported by a new
EuroHPC supercomputer contract in Spain and mission critical
systems expansion in aerospace, was offset by the deliberate wind
down of value-added resale. Digital activities were slightly up and
Tech Foundations activities excluding VAR were stable. Operating
margin improved to 4.4% in 2022 thanks to renegotiation of
underperforming contracts, better pricing and improved business
mix.
Others:
encompass Middle East, Africa, Major Events as well as two cost
centers: the Group’s global delivery centers and global structures.
Revenue grew +20.2% at constant currency supported by business
related to the Beijing Olympics. Operating margin, structurally
negative, was stable year-on-year.
Revenue and operating margin at constant
scope and exchange rates reconciliation
In € million |
2022 |
2021 |
% change |
Statutory revenue |
11,341 |
10,839 |
+4.6% |
Exchange rates effect |
|
362 |
|
Revenue at constant exchange rates |
11,341 |
11,201 |
+1.3% |
Scope effect |
|
133 |
|
Exchange rates effect on acquired/disposed perimeters |
|
0 |
|
Revenue at constant scope and exchange rates |
11,341 |
11,334 |
+0.1% |
Statutory operating margin |
356 |
383 |
-7.2% |
Exchange rates effect |
|
28 |
|
Operating margin at constant exchange rates |
356 |
412 |
-13.6% |
Scope effect |
|
-14 |
|
Exchange rates effect on acquired/disposed perimeters |
|
0 |
|
Operating margin at constant scope and exchange
rates |
356 |
398 |
-10.7% |
as % of revenue |
3.1% |
3.5% |
|
Q4 2022 revenue by Business
Line
In € million |
Q4 2022 |
Q4 2021* |
Change at constant currency |
ChangeOrganic |
Evidian Perimeter |
1,498 |
1,329 |
+12.7% |
+11.0% |
Tech Foundations Perimeter |
1,462 |
1,490 |
-1.9% |
-1.2% |
Total |
2,960 |
2,819 |
+5.0% |
+4.6% |
*At constant
currency |
|
|
|
|
About Atos
Atos is a global leader in digital
transformation with 111,000 employees and annual revenue of c. € 11
billion. European number one in cybersecurity, cloud and
high-performance computing, the Group provides tailored end-to-end
solutions for all industries in 69 countries. A pioneer in
decarbonization services and products, Atos is committed to a
secure and decarbonized digital for its clients. Atos is a SE
(Societas Europaea), listed on Euronext Paris.
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.
Disclaimer
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’s
beliefs and expectations and should be evaluated as such.
Forward-looking statements include statements that may relate to
Atos’s 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 2021 Universal
Registration Document filed with the Autorité des Marchés
Financiers (AMF) on April 6, 2022 under the registration number
D.22-0247 and the Amendment to the 2021 Universal Registration
Documents filed with the AMF on August 5, 2022 under number
D.22-0247-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’s shares
for sale or an invitation or inducement to invest in Atos’s shares
in France, the United States of America or any other
jurisdiction.
This document includes information on specific
transactions that shall be considered as projects only. In
particular, any decision relating to the information or projects
mentioned in this document and their terms and conditions will only
be made after the ongoing in-depth analysis considering tax, legal,
operational, finance, HR and all other relevant aspects have been
completed and will be subject to general market conditions and
other customary conditions, including governance bodies and
shareholders’ approval as well as appropriate processes with the
relevant employee representative bodies in accordance with
applicable laws.
Revenue organic growth is presented at constant
scope and exchange rates.
Regional Business Units include
Americas including North America (USA, Canada,
Guatemala and Mexico) and South America (Argentina, Brazil, Chile,
Colombia, Uruguay, and Peru), Northern Europe and
APAC including Northern Europe (United Kingdom &
Ireland, Belgium, Denmark, Estonia, Belarus, Finland, Luxembourg,
The Netherlands and Sweden) and Asia-Pacific (Australia, China,
Hong Kong, India, Japan, Malaysia, New Zealand, Philippines,
Singapore, Taiwan, and Thailand), Central Europe
(Germany, Austria, Bulgaria, Bosnia, Croatia, Czech Republic,
Greece, Hungary, Israel, Poland, Romania, Serbia, Slovenia,
Slovakia, and Switzerland), Southern Europe
(France, Andorra, Spain, Portugal, and Italy) and Rest of
the World including 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.
1 Comparison basis: in Q4 2021, organic revenue growth was
-8.9%, including the impact of the reassessment of the cost-to-go
of a large financial services BPO contract in the UK, leading to a
major revision of the project’s completion rate. Excluding this
impact, Q4 2021 organic revenue growth was -6.9%2 -1.2% for the
whole of Tech Foundations3 Excluding the EuroHPC business in Italy,
kept within the Atos Group, and Unified Communications &
Collaboration's Italian operations, part of a separate
transaction.4 At current perimeter, including Italian activities
& UCC (transactions expected to close in H1 2023 and H2 2023
respectively)5 Excluding IFRS 16
- PR - Atos 2022 annual results
Atos (EU:ATO)
Graphique Historique de l'Action
De Mar 2024 à Avr 2024
Atos (EU:ATO)
Graphique Historique de l'Action
De Avr 2023 à Avr 2024