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Atos aims for radical transformation after year of “transition”

(Reuters) – Atos on Tuesday announced plans to refocus on cloud computing, which has been booming since the COVID-19 pandemic, as part of a “radical, rapid and very deep” transformation recommended by its general manager.

The French specialist in digital transformation also said that a detailed accounting examination carried out in North America, after the announcement in April of the discovery of “internal control weaknesses” in two subsidiaries of the group in the United States, which had dropped the title, had not revealed a “material anomaly”.

Referring to a “year of transition” on the occasion of the publication of its first half results, Atos confirmed its target, revised downwards on July 12, of stable growth in turnover for 2021 instead of an increase of 3.5 to 4% previously targeted.

“This alert underlines Atos’ need to transform. We must radically, quickly and very deeply transform the group,” Elie Girard said in an interview with Les Echos.

“In this perspective, we will focus on four areas of growth in which we are already well positioned: cloud, digital, security and decarbonization through digital solutions for companies,” he added.

“The post-Covid acceleration of digital cloud migration is absolutely phenomenal, faster than the industry could imagine (…) Atos is benefiting from this acceleration, but only for half of its activity. massive transformation “, Elie Girard explained.

The CEO of Atos specified that at the same time, the group was looking for partners for activities representing a total scope of around 20% of its turnover.

He also announced the conclusion of an agreement for a departure plan of around 1,300 employees in the classic infrastructure activities of Atos in Germany, a country where the group employs 10,000 employees, out of a total workforce of 105,000 employees.

For the first half of the year, Atos reported a 1% drop in revenue at constant exchange rates, to 5.242 billion euros (-2.7% on an organic basis), and a decrease in of its operating margin at 5.6% compared to 7.8% in the first half of 2020.

Regarding the detailed accounting review carried out in North America, it did not reveal any “material anomaly with regard to the group’s consolidated accounts”, declared Elie Girard.

“The auditors have carried out the usual limited examination procedures on the half-yearly condensed consolidated accounts and an unqualified report is in the process of being issued”, he added.

(Jean-Stéphane Brosse)

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