– Atos is getting into “a pivotal 12 months” after dealing with a collection of setbacks in 2021, the top of the French IT consulting group mentioned on Monday.
The agency, which misplaced half of its market worth final 12 months, exited France’s blue-chip CAC 40 fairness index and parted methods with its boss, stirring hypothesis a few buyout or the arrival of activist buyers.
“Atos confronted important headwinds in 2021,” Rodolphe Belmer, who took over the reins from former Chief Govt Officer Elie Girard in January, mentioned in an earnings assertion. “It failed to fulfill its monetary goals, and a complete evaluation of its belongings and contracts (…) have led to main impairments.”
Shaped partly by a string of acquisitions below former CEO Thierry Breton, now EU trade chief, Atos noticed its annual web earnings swung to a lack of 2.96 billion euros and, consequently, will chorus from proposing a dividend.
Belmer, who vowed to begin over with a clear slate, mentioned this month Atos had taken writedowns of about 2.4 billion euros ($2.7 billion) within the second half of 2021.
Le Monde reported earlier Monday on a possible dismantling situation as the brand new CEO additionally plans to reorganise the group round three enterprise models, “as if he have been making ready a cut up”, an professional instructed the French each day newspaper.
“Simplified, extra environment friendly, this governance would be the spine of the brand new Atos,” Belmer mentioned.
The continued decline in traditional IT companies, personnel value inflation and provide chain tensions will put additional stress on profitability within the first half, the corporate famous, however income progress ought to flip optimistic within the second a part of the 12 months.
“2022 will probably be a pivotal 12 months for the group, paving the way in which for a restoration pushed by an bold turnaround plan,” Belmer added.
($1 = 0.8913 euro)
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