Atos: the situation is degenerating

Buyer. The deterioration of the situation at Atos is increasing. After Daniel Kretinsky, it is Airbus which throws in the towel. The resale of family jewels is therefore cancelled. In the absence of a buyer, we wonder whether Atos’ cybersecurity division is a real gem… In the absence of an agreement with Airbus, the publication of the IT group’s annual results has been postponed. The balance sheet situation would cause cold sweats among partner bankers. According to the latest news, Atos’ net debt amounts to 2.2 billion Euros while the company consumed 1 billion euros of cash over the last financial year. But hidden commitments would add to the bill.