Atos says preliminary 2021 figures fell short of targets

By Giulia Petroni

Atos SE said on Monday that its annual results for 2021 were lower than expected, according to preliminary figures.

The French IT company said it had revenue of around 10.8 billion euros ($ 12.27 billion) for the last year, a decline of around 2.4% at rate of constant change in relation to the previously set objective of income stability.

The operating margin was around 4% of revenue versus a target of around 6%, mainly due to lower revenue and additional costs, as well as project slippages due to supply chain challenges. supply and customer deferrals.

“The current state of financial knowledge leads us to the obligation to issue an income warning today due to the significant change in the financial situation [key performance indicators]”, declared the managing director Rodolphe Belmer.” However, most of the elements at the origin of this serious difference are non-recurring “, he declared.

Atos said it estimated negative free cash flow for 2021 of 420 million euros in a full year, mainly due to working capital. The company had previously targeted positive free cash flow.

Official figures for the full year, along with targets for 2022, are expected to be released on February 28.

Write to Giulia Petroni at [email protected]

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