Atos Says 2023 Earnings Release Rescheduled, Talks for Unit Sale Fall Through
Atos increase; green up pointing triangle rescheduled the release of its 2023 results to allow time to complete an audit of an impairment charge and said talks to sell its Tech Foundations business fell through.
The French IT company said Wednesday that revenue and margin results for last year were in line with guidance. Revenue rose 0.4% to 10.69 billion euros ($11.59 billion) on an organic basis, and the operating margin was 4.4%, up from 3.1% a year earlier.
Net debt was EUR2.23 billion at year-end, down from EUR2.32 billion at the end of June.
Full results for 2023 will now be released March 20, instead of Thursday as originally planned, Atos said.
Atos also said negotiations with EP Equity Investment for the potential sale of Tech Foundations ended without an agreement. Atos will continue to consider its strategic options.