Atos released very weak revenue figures. However, as the Company does not disclose EBITDA figures, we are unable to verify
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As per popular demand, we’ve made the Client Call presentations available as part of our new Client Call layout.
Read MoreAtos is blowing its own trumpet this morning, having secured a contract with the European Commission’s CLOUD II Dynamic Purchasing
Read MoreAtos appointed four senior executives to assist in its operational turnaround, which is required to right-size the business. The four appointments, in various
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Please find our updated analysis on Atos here.
We have remained sceptical of the Atos turnaround story, but many of you have asked us to look at the name again. We have started our analysis from scratch, focusing on the
We have remained sceptical of the Atos turnaround story, but many of you have asked us to look at the name again. We have started our analysis from
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Despite the restructuring process of prior years, Atos's results are difficult to comprehend, given that the Company embarks on a further
Read MoreAtos released its H1 liquidity position as required by various credit agreements. Cash and liquidity have deteriorated by €374 million but
Read MoreIn November 2024, the French state made a non-binding offer for the Advanced Computing Activities of Atos for an EV of €500m and up to
Read MoreAtos is holding its Capital Markets Day in Paris today, unveiling a new four-year strategic plan following the completion of its financial restructuring in
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With a new CEO, Atos’s 6th in the last 2 years, the Company were unwilling to offer any guidance, instead reminding that the Company are going to hold a Capital Markets Day on
Read MoreThe company’s initially resounding rebuttal this morning narrows significantly in the admission that there was a security breach of “data mentioning the
Read MoreThe French state, determined to buy the Advanced Computing segment from Atos, has resubmitted a non-binding offer of €500m with exclusivity
Read MoreOur main concern with the restructuring proposal which Atos is progressing through the courts is the business remains over-leveraged. We keep an eye on
Read MoreThe option held by the French state to acquire the Advanced Computing, Mission-Critical Systems and Cybersecurity Products businesses of
Read MoreAtos have updated the market, stating they have obtained the additional two-month extension to the accelerated
Read MoreAtos has again revised their projections downwards for 2024-2027. Management are expecting yet lower top-line revenue, driven by underperformance in the
Read More(Aengus on Tomá’s behalf) The new CEO is a banker by trade, so his skill set is a fit for a company undergoing debt restructuring. We expect Mustier to
Read MoreAtos announced yesterday (Wednesday) the opening of accelerated safeguard proceedings in the Commercial Court of Nanterre. At the
Read MoreAtos has not disclosed the % of financial creditors who have signed the Lock-up Agreement, which implies the number is low, only stating a
Read MoreWe have not been fans of ATOS bonds at any time so far. We are still not interested in taking a position, even as we previously indicated that a
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