*UKHotViewsExtra* Atos H1: Work remains to get back on track

Following the  news in mid-July of the successful funding of Atos’ financial restructuring plan (see Atos: Significant milestone in financial restructuring journey | TechMarketView), and the announcement of a new Group CEO (see Atos Chairman becomes Chair and CEO | TechMarketView), today Atos announces its results for H1 2024 (to end June).

The results are a good reminder of the work that remains to get Atos back on track. While some of Atos’ difficulties can be attributed to the impact of the ongoing corporate distractions and uncertainty, that is clearly not entirely to blame.

At the headline level, Atos’ revenue declined 10% to €4.964m. Organically, at constant scope and exchange rates, the decline was 2.7%. The operating margin stood at 2.3% (€115m). The net loss was €1,941 million, primarily reflecting a €1,570 million impairment charge, while the normalised net loss was €124 million compared with a loss of €113 million in H1 2023.

TechMarketView subscribers can read more on the story behind the numbers in UKHotViewsExtra now: Atos H1: Work remains to get back on track | TechMarketView. If you are not yet a subscriber – or are unsure if your organisation has a corporate subscription – please contact Deb Seth to find out how to access this analysis and more besides.

Posted by: Georgina O'Toole at 10:32

Tags: results   digital   corporateactivity   IT+services  

Add a comment