Atos: Onepoint CEO calls for end of divestment projects and results Tuesday – 03/25/2024 at 09:35


(AOF) – Atos’ largest shareholder, Onepoint, wants to put an end to the sale plans. Speaking in the columns of Le Figaro, its CEO, David Layani, declared that it was necessary to “immediately put an end to any sale project while preserving the integrity of the assets to build a New One Atos which gets off to a good start” . “If we do not now rely on an industrial solution which preserves all of the assets, it will be chaos and the end of Atos,” he warns.

Before adding: “BDS is a gem. It is not at the moment when we have to reinvent ourselves and start again that we should sell our family jewels”.

Atos sank further into crisis last week after abandoning discussions with Airbus for the purchase of BDS, its branch specializing in big data and cybersecurity.

In a press release, Atos indicates that it has taken note of the comments made by David Layani, the representative of its shareholder Onepoint. The company emphasizes that these comments do not bind the company and its board of directors. Onepoint’s plan has not been presented to the company’s Board of Directors, which, if and when it is, will be able to analyze it and communicate its position in due time.

A communication of the 2023 results of the IT group and the next steps will take place this Tuesday March 26 morning after having been postponed twice.

AOF – LEARN MORE

Key points

– International leader in digital transformation, high-performance computing and infrastructures linked to information technologies, created in 1997, European leader in the cloud, cybersecurity and supercomputers;

– Activity of €11.3 billion, divided into 2 divisions: Evidian – digital transformation, big data and security – for 47% of sales, and Tech Foundations for 53% – infrastructures and connected work environments;

– Value maximization business model via the division, at the end of 2023, of the group into 2 distinct entities – Tech Fondations for outsourcing and Evidian for digital, cloud and security;

– Open capital (9.96% for the Siemens pension fund and 2.2% for employees), Bertrand Meunier chairing the board of directors of 14 members, with Nourdine Bihmane as general manager, Philippe Oliva deputy CEO and Diane Galbe Deputy CEO;

– Financial situation under control with €2.7 billion in credit facilities covering needs estimated at €1.8 billion for restructuring, hence management’s exclusion of any capital increase but debt increasing to €1.45 billion €, i.e. a leverage of 3.75%.

Challenges

– Strategy aimed at splitting the group into 2 companies, Tech Fondations, for the 2nd half of 2023:

– Tech Foundations: recovery financed to the tune of €1.1 billion targeting an operating margin of 6% (1.3% of revenues in 2022), a return to revenue growth and free self-financing of €150 million in 2026,

– Evidian: repositioning of the portfolio and strengthening of leading positions with high margins via a €400 million plan to accelerate its growth to 7% per year until 2026, with an operating margin of 12% and free self-financing of €700 million €,

– end of 2023, distribution to Atos shareholders of 100% of the shares of Tech Fondations and 70% of those of Evidian which will then be listed on Euronext Paris;

– Innovation strategy developed in 18 R&D centers with a portfolio of 3,000 patents:

– open innovation via partnerships with university centers (quantum computing, exascale computers, artificial intelligence, HPC, multicultural leadership, etc.), with alliances with other players (AWS, Dell, Google, Huma, Microsoft, OVHCloud, Sparkle…) and with customers,

– 2 scientific communities of expert collaborators of the group,

– Scaler collaboration program with +50 start-ups;

– Environmental strategy of carbon neutrality in 2028 and halving of emissions by 2025 vs 2021,

– sales of decarbonization solutions, reinforced by the acquisition of EcoAct,

– investments in hydrogen supercomputers and quantum technologies,

– launch of the first “green” loan;

– Execution of the €800 million disposal plan resulting from negotiations with Airbus for the sale of 29.9% of Evidian’s capital;

– Acceleration of profitable growth at Evidian and return to profits at Tech Fondations, 3 years ahead of expectations.

Challenges

– Employee attrition rate of 21.6%;

– Confirmation of commercial dynamics at the end of 2022 – order intake based on turnover at 90% and gain of 1.3% in revenue;

– 2023 objective of stable revenues and an operating margin of 4 to 5%.

– Removal of the dividend for 2022.

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