(AOF) – In addition to stopping discussions with Daniel Kretinsky regarding the sale of Tech Foundations, Atos announced that it would postpone the presentation of its annual results scheduled for Thursday until March 20. On this occasion, Atos confirmed the achievement of its 2023 revenue and operating margin objectives. The information group delayed this publication “because the Atos group’s auditors, Deloitte and Grant Thornton, have not finalized their audit work on the goodwill impairment.”
Atos revealed an operating margin of 4.4%, or 467 million euros, an organic increase of 170 basis points. Turnover reached 10.693 billion euros, organic growth of 0.4%. Eviden posted organic growth of 2.9% and Tech Foundations an organic decline of 1.7%. Atos targeted internal growth between 0% and 2% and an operating margin between 4% and 5%. Free cash flow in the second half of 2023 is negative at 109 million euros while the company expected -100 million euros.
The company indicated that its net financial debt was 2.230 billion euros at the end of 2023. It was composed of net cash, cash equivalents and short-term financial assets of 2.423 billion euros and debt gross financial for 4.654 billion euros.
Atos specifies that it has respected the limits of the banking ratio applicable to its bank financing, with a financial leverage ratio of 3.34 times at the end of December 2023, compared to the banking ratio of 3.75 times.
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