Action advice – Atos: the group in chaos, the title on the mat


Atos

The announcement of the departure of Rodolphe Belmer, CEO of Atos since January, on the morning of the announcement of a strategy to split the company plunged the action.

Already in bad shape, the share price of Atos shows a new fall of around 25% today. Rodolphe Belmer, the group’s managing director who took office last January, will leave the IT company after weeks “deep divisions with the board over strategy”reports the Reuters agency.

An announcement that has the effect of a bomb on the morning of a highly anticipated Capital market day (CMD), where the project of a split of Atos into two listed entities will be detailed. A major restructuring announced yesterday and which has already been badly received by investors: over the last five sessions, the Atos share has plummeted by more than 46%!

Two new listed companies considered

The announced strategy is based on the separation of growing activities from those in difficulty. The former would be grouped together in a structure called SpinCo, namely digital transformation, big data and cybersecurity: they generated 2021 turnover of 4.90 billion…

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