Atos: 2020 annual results
Record high bookings
All 2020 objectives achieved
Order entry at € 13,330 million, +10%
year-on-year at constant currencyBook to bill
ratio at 119% (excl. € 3 billion Siemens renewal) with Q4 at
130%
Revenue at € 11,181 million, -3.0%
organically thanks to a resilient business
modelProgressive recovery from Q2 as
plannedCloud, Digital, Security &
Decarbonization at 46% of revenue (40% in 2019)
Operating margin at € 1,002
million9.0% of revenue fueled by strong actions on
costs (10.1% in 2019)
Free cash flow at € 513
million
Net income Group share at € 550 million,
normalized diluted EPS at € 6.65
10 acquisitions accelerating Group
transformation
2021 objectives: Return to
growthand a clear path towards mid-term
targets
Paris, February 18,
2021: Atos, a global leader in digital transformation,
today announces its FY 2020 results.
Elie Girard, CEO, comments: “In
the last quarter of 2020 and in spite of a lengthy Covid crisis,
the very strong commercial dynamism of the Group led to record high
bookings for the full year. I want to thank my 105,000 colleagues
who have taken care of our customers so diligently all the year,
while reaching all our objectives for the full year set as early as
April. In particular, revenue has been recovering across the second
semester, we have implemented a structural cost program, and cash
generation has remained strong.
This achievement is the result of the Group’s
acceleration to set a lasting foundation for growth at a time when
all companies need to move on their digital journey: reshaping our
offering, our go-to-market, and our operating model through our
Spring program; launching our industry leading offer Atos OneCloud;
strengthening our Digital Security and Decarbonization business
lines; pursuing our bolt-on acquisitions with 10 transactions
during the year in Digital, Cloud, Security and Decarbonization;
and confirming our leading position in rising technologies like
quantum.
The Group has also quickly moved forward on all
Environment, Social & Governance (ESG) dimensions – diversity
at all levels, digital inclusion, ethics by design, dramatic
reduction of carbon intensity – making sure all initiatives are
embedded in our daily business, the only way to achieve true
sustainability. At the same time, we are proud to announce the
advancement of our Net Zero carbon emission objective to 2028,
reinforcing our #1 position in that field worldwide.
All actions of the Group are focused on our
growth agenda and mid-term targets to enhance shareholder value.
With that regard, the objectives we set today for 2021 mark a year
of rebound on track with our mid-term plan.”
2020 Key financial figures
Atos consolidated and statutory financial statements for the
year ended December 31, 2020, were approved by the Board of
Directors on February 17, 2021. Audit procedures are in
progress.
€M |
FY |
FY |
Variation |
Variation at constant currency |
2020 |
2019 |
Revenue1 |
11,181 |
11,529 |
-3.0% |
-2.3% |
Operating Margin1 |
1,002 |
1,163 |
|
|
%
operating margin rate1 |
9.0% |
10.1% |
-112 bps |
|
Operating Margin before Depreciation
& Amortization (OMDA) |
1,661 |
1,802 |
|
|
% OMDA
rate |
14.9% |
15.5% |
-70 bps |
|
Normalized Net income2 |
725 |
834 |
|
|
Net income2 |
550 |
414 |
|
|
Free Cash Flow3 |
513 |
605 |
|
|
Net
debt |
467 |
1,736 |
|
|
Revenue was
€ 11,181 million, -3.0%
organically and -2.3% at constant currency. In the
context of the Covid-19 crisis and regular restrictions and
lockdowns in most of the countries where the Group operates,
revenue decrease was limited thanks to the resilient profile of our
business model. Indeed, the Group benefited from strong demand in
Cloud migrations, Digital Workplace solutions to enable people to
work from home, and Big Data & Cybersecurity services.
Conversely, the revenue was impacted by application project
postponement as well as less fertilization on existing
contracts.
Operating margin was
€ 1,002 million, representing 9.0% of
revenue, compared to 10.1% in 2019 at constant scope and
exchange rates. The Group achieved the bottom of the range of its
objective set as soon as April 2020 at the beginning of the Covid
crisis, and before its extension throughout the year and further
lockdowns and restrictions.
Normalized net income Group
share reached € 725 million and
Net income Group share was € 550
million.
Free cash flow
reached € 513 million compared to € 605 million in
2019 (excluding € +37 million of one-off related to the Optional
Exchangeable Bond - OEB).
Net debt was
€ 467 million compared to € 1,736 million at the
end of 2019. Assuming the full conversion of the OEB, the Group was
net debt free as of December 31, 2020.
2021 objectives
In 2021, the Group targets the following
objectives for its 3 key financial criteria, based on the current
macroeconomic scenario of a progressive recovery over the year:
- Revenue growth at constant currency: +3.5% to
+4.0%
- Operating margin rate: +40 to 80bps versus
2020
- Free cash flow: €550m to €600m
2020 performance by
Industry
|
Revenue |
Operating margin |
Operating margin % |
In € million |
2020 |
2019* |
Organic evolution |
Constant Currency evolution |
2020 |
2019* |
2020 |
2019* |
Manufacturing |
2,010 |
2,224 |
-9.6% |
-9.3% |
67 |
124 |
3.3% |
5.6% |
Financial Services & Insurance |
2,116 |
2,196 |
-3.6% |
-2.5% |
261 |
299 |
12.3% |
13.6% |
Public
Sector & Defense |
2,565 |
2,387 |
+7.5% |
+7.5% |
259 |
242 |
10.1% |
10.1% |
Telecom, Media & Technology |
1,574 |
1,662 |
-5.3% |
-3.7% |
134 |
132 |
8.5% |
7.9% |
Resources & Services |
1,627 |
1,782 |
-8.7% |
-7.9% |
121 |
203 |
7.4% |
11.4% |
Healthcare & Life Sciences |
1,288 |
1,278 |
+0.7% |
+1.4% |
160 |
164 |
12.4% |
12.8% |
Total |
11,181 |
11,529 |
-3.0% |
-2.3% |
1,002 |
1,163 |
9.0% |
10.1% |
* At constant
scope and exchange rates |
|
|
|
|
|
|
|
|
Manufacturing reported a
revenue of € 2,010 million, -9.6%
organically. New business started with a large German automotive
manufacturer, increasing activity with Beverage customers, and new
Digital Workplace projects in North America allowed to limit the
impact of the global economic context. The Industry was impacted in
Automotive, Aerospace and Industrial Services sectors, especially
in Southern Europe, North America and Central Europe, while the
Industry was also impacted by lower volumes with Siemens, mainly in
North America. Although strong actions were performed all along the
year, the volume reductions led to an operating margin at €
67 million, representing 3.3% of
revenue.
Financial Services &
Insurance revenue was € 2,116 million,
-3.6% organically. The Industry successfully
ramped-up a large insurance contract in the United Kingdom. The
Industry was impacted by several banking institutions which have
postponed and reduced discretionary expenses. Operating margin was
€ 261 million, representing 12.3% of
revenue. Despite lower revenue generation, the Industry
benefitted from the strong contribution of Syntel activities and
cost synergies, as well as from cost saving actions.
Public Sector & Defense
recorded a revenue at € 2,565 million,
+7.5% organically. This performance was driven by
Northern Europe, led by a large Big Data project with a weather
forecast institution, higher volumes with European Union
Institutions in Cloud solutions, and a strong activity with various
government agencies. Central Europe also contributed to this growth
thanks to several projects in Big Data and the ramp-up of a new
project in Germany. Growing Markets revenue also increased despite
the impact of the postponement of the Tokyo Olympic Games.
Operating margin reached € 259 million,
representing 10.1% of revenue.
Telecom, Media & Technology
revenue reached € 1,574 million,
-5.3% organically. The Industry generated a strong
performance in Digital projects, Cloud services, and Digital
Workplace solutions, more particularly in Northern Europe and in
North America. The Industry was impacted by legacy Unified
Communication & Collaboration, as well as project
postponements. Operating margin remained roughly stable at
€ 134 million, representing 8.5% of
revenue.
Resources & Services
revenue reached € 1,627 million,
-8.7% organically. Energy & Utilities
generated growth, particularly in North America in Digital
Workplace, and in Growing Markets with new Big Data projects. The
situation with customers operating in Retail & Transportation
was very challenging in the context of Covid crisis. Operating
margin reached € 121 million, representing
7.4% of revenue. Despite the drastic cost saving
plan initiated as soon as Q2, the margin was strongly impacted by
the revenue effect in the sub-Industries that are the most affected
by the pandemic such as Transportation, Hospitality and non-food
Retail.
Healthcare & Life Sciences
revenue was € 1,288 million, growing by
+0.7% organically. In Central Europe, the Industry
was fueled by the ramp-up of Digital Workplace contracts.
Similarly, the Industry benefited from a strong activity in Digital
and Big Data in Southern Europe and in Growing Markets. North
America was fueled by contract ramp-ups, although product sales
performed last year were not repeated. The situation was more
challenging in Northern Europe. Operating margin was € 160
million, representing 12.4% of revenue
and almost at the level of last year on a like-for-like basis.
2020 performance by Regional Business
Unit
|
Revenue |
Operating margin |
Operating margin % |
In € million |
2020 |
2019* |
Organic evolution |
Constant Currency evolution |
2020 |
2019* |
2020 |
2019* |
North
America |
2,612 |
2,781 |
-6.1% |
-2.2% |
393 |
412 |
15.1% |
14.8% |
Northern Europe |
2,717 |
2,697 |
+0.7% |
+1.1% |
226 |
266 |
8.3% |
9.8% |
Central
Europe |
2,699 |
2,763 |
-2.3% |
-3.2% |
123 |
200 |
4.6% |
7.2% |
Southern Europe |
2,339 |
2,478 |
-5.6% |
-4.4% |
182 |
209 |
7.8% |
8.4% |
Growing
Markets |
814 |
810 |
+0.5% |
-4.3% |
119 |
118 |
14.6% |
14.6% |
Global
structures |
- |
- |
- |
- |
-42 |
-42 |
-0.4% |
-0.4% |
Total |
11,181 |
11,529 |
-3.0% |
-2.3% |
1,002 |
1,163 |
9.0% |
10.1% |
* At constant
scope and exchange rates |
|
|
|
|
|
|
|
|
Most of the geographies progressively recovered
during the second half of the year with a slightly better economic
environment in particular for Application projects. Indeed,
businesses such as Digital Workplace solutions, Cloud
transformation, Big Data and Digital Security supported this
trajectory. In North America, revenue organic evolution did not
improve in Q4 due to non-repeatable sales last year.
Operating margin reached 9.0% of revenue
representing € 1,002 million. The strong cost actions implemented
as soon as Q2 have well mitigated the revenue effect in most of the
geographies. The situation remained challenging in Central Europe
due to the lack of flexibility in labor costs as well as some
one-offs on difficult contracts in H1.
Commercial activity
The commercial dynamism of the Group was
particularly high in 2020 with order entry
reaching € 13.3 billion, representing a
book to bill ratio of 119%
compared to 106% in 2019 at constant exchange rates.
During the fourth quarter, the book to bill
reached 130%. The main wins included deals with
Primetals (Manufacturing), National Employment Savings Trust
(Financial Services & Insurance), Dutch Ministry of
Defense (Public Sector & Defense), Windtre (Telecom, Media
& Technology) and Guys & St Thomas' (Healthcare & Life
Sciences).
The main new deals signed in 2020 included large
contracts with a German specialized manufacturer (Manufacturing),
with Willis Administrative Services Corp (Financial Services &
Insurance), with a Ministry of Industry (Public Sector &
Defense), and with Goli (Resources & Services).
Main contract renewals were concluded with
Siemens for € 3 billion over 5 years, with a large Application
Management contract in the Automotive sector (Manufacturing), with
the European Commission and the Texas Department of Information
Resources (Public Sector & Defense), and with Conduent
(Telecom, Media & Technology).
Full backlog increased to
€ 23.7 billion from € 21.7 billion at
the end of 2019, representing almost 2.1 years of
revenue. The full qualified pipeline
reached € 9.0 billion compared to € 7.3
billion at the end of 2019.
Operating income and net
income
Operating income reached
€ +650 million in 2020, compared to
€ +660 million in 2019, resulting from the following
items:
Staff reorganization amounted
to € -127 million with the acceleration of
the adaptation of the Group workforce in several countries and in
particular in Germany. The increase in 2020 came mostly from
specific measures in other European countries.
Rationalization costs were
€ -36 million roughly stable compared to 2019, and
primarily resulting from the closure of office premises and data
center consolidation, mostly in France.
Integration and acquisition
costs amounted to € -42 million, roughly
stable compared to 2019. They were mainly related to the
integration costs of Syntel to generate synergies.
€ -153 million were recorded as
Purchase Price Allocation amortization, at the
level of 2019, the main item being € -65 million for Syntel
customer relationships and technologies.
Equity-based compensation plans
amounted to € -74 million in 2020, at the
same level as in the previous year.
Other
items amounted to € -125 million in 2019 and
reached € +80 million in 2020 including the
following exceptional items:
- The transaction in February 2020 on Worldline shares had an
impact of € +171 million (after transaction costs) as follows:
- The Accelerated Bookbuilding Offering (ABO) of Worldline shares
on the market at a share price of € 61.5 led to a net gain on
disposal, before tax, of € +120 million, including the
derecognition of the intangible assets generated by the Worldline
purchase price allocation in May 2019 upon the loss of control over
Worldline and while Wordline was accounted for under the equity
method;
- The retained interest of Atos in Worldline group (c. 3.8%) was
valued at the fair value at the disposal date, resulting in an
additional profit of € +54 million presented as a net gain on
disposal.
- The remaining other items mainly included other long-term
employee benefits in Germany, France and the UK, unusual impacts
from settlements and a limited number of bankruptcies. They also
included costs to implement on transformation programs.
Net financial expense
significantly decreased from € -208 million in 2019 to €
-51 million for the period and was composed of a net cost
of financial debt of € -33 million and non-operational financial
costs of € -18 million. In 2020, the Group recorded a net gain of €
+56 million related to the net revaluation of the EOB derivative
and the underlying 3.8% Worldline stake, both measured at fair
value. In 2019, the Group booked a loss of € -54 million only
related to the OEB derivative as Worldline stake was accounted in
2019 for under the equity method from May 2019 to December 2019 and
therefore was not measured at fair value through profit &
loss.
The tax charge was €
-51 million corresponding to an annualized Effective Tax
Rate (ETR) of 8.6% including the impact of the Worldline shares
transaction.
Non-controlling interests
amount to € -3 million at the same level as in the
previous year.
Share of net profit of
associates accounted for under equity method amounted to
€ +5 million in 2020 compared to € +47 million in
2019. This decrease reflects the change in accounting for Worldline
shares pursuant to the ABO in February 2020 (from equity method to
financial asset measured at fair value).
As a result, the Group reported a net
income Group share of € +550 million
for 2020, representing 4.9% of Group revenue.
Both basic EPS Group share and
diluted EPS Group share were at
€ 5.05.
The normalized net income Group
share excluding unusual, abnormal and infrequent items
(net of tax) amounted to € +725 million,
representing 6.5% of Group revenue for the period, compared to €
+834 million (from continuing operations), representing 7.2% of
Group revenue in 2019.
Both normalized basic EPS and
normalized diluted EPS were at
€ 6.65 in 2020, compared to € 7.74 in 2019
(from continuing operations).
Free cash flow
Operating Margin before Depreciation and
Amortization (OMDA) was € +1,661
million representing 14.9% of revenue, compared to 15.5%
in 2019.
Reorganization, rationalization and
associated costs, and integration and acquisition costs
reached € -191 million compared to € -173 million
in 2019.
Capital expenditures amounted
to € -320 million, representing 2.9% of
revenue compared to 2.8% in 2019.
The change in working capital
requirement was € -63 million from €
-130 million in 2019. The DSO ratio reached 46 days compared to 47
days at the end of December 2019. The level of trade receivables
sold with no recourse to banks with transfer of risks as defined by
IFRS 9 remained at the same level as at the end of December 31,
2019.
Cash out related to tax paid
reached € -113 million compared to € -99 million
in 2019.
The cost of net debt decreased
to € -33 million compared to € -64 million in 2019
mainly explained by the early redemption of the € 600 million bond
in April 2020, and the full reimbursement in November 2019 of the $
1,900 million term loan used to fund the Syntel acquisition.
Finally, other changes amounted
to € -66 million, compared to € -25 million in
2019. Adjusted from the positive one-off item of € +37 million
related to the issuance of the OEB (derivative instrument net of
fees) in 2019, other changes are stable compared to 2019.
As a result, free cash flow
reached € 513 million compared to € 605 million
achieved in 2019 (excluding € +37 million of one-off item related
to the OEB).
Net cash evolution
Net acquisitions / disposals in
2020 amounted to € +932 million compared to € +625
in 2019 and originated mainly from the ABO of Worldline shares on
the market for € +1,402 million, net of costs of disposal and tax,
reduced by the consideration paid on the acquisitions of the year,
mainly Maven Wave, EcoAct, Paladion and Digital Security.
Capital increases totaled
€ +36 million in 2020. This is mainly explained by
the shares issued in connection with the Group shareholding
programs for employees, Share 2020 in 2020.
In 2020 the Group performed share
buy-backs for € -45 million compared to €
-113 million in 2019. These share buy-back programs are related to
the delivery of long-term incentive plans and aim at avoiding
dilution for the shareholders. The decrease is due to the fact
that, in 2019, Atos had to acquire shares for two performance share
plans instead of the usual one (performance share plan 2016 with
3-year vesting and performance share plan 2015 with 4.5-year
vesting.
In the context of the Covid-19 crisis, the Group
decided not to distribute any dividend to the owners of the parent.
In 2019, the distribution amounted to € -55 million in cash (as
option in shares was significantly taken up).
Foreign exchange rate fluctuation effect
on debt or cash in foreign currencies totaled €
-162 million, mainly coming from the exchange rate of the
US dollar and Indian Rupee against the Euro.
As a result, the Group’s net debt
position as of end 2020 was € -467
million compared to € -1,736 million at the end of 2019.
This includes the OEB for € 500 million while the Group still
owns 3.8% of Worldline shares which are exchangeable at maturity of
the OEB. Assuming the full conversion of the OEB, the Group was net
debt free as of end 2020.
Human resources
The total headcount was 104,430
at the end of December 2020, down by -2.4% compared to 106,980 at
the end of June 2020 and by -3.6% compared to December 2019. During
the year, the Group welcomed 1,837 new employees from
acquisitions.
Excluding this scope effect, the staff decreased
by -5.4% taking into account Covid-19 crisis and accompanying and
anticipating the effect of automation and robotization. During the
full year of 2020, the Group hired 11,800 staff, compared to 18,520
in 2019. Hiring has been mainly achieved in offshore/nearshore
countries such as India and Poland. Attrition rate was
10.9% at Group level (15.1% in full year 2019), of
which 14.9% in offshore/nearshore countries.
Acquisitions
In line with its mid-term plan, the Group
completed 10 bolt-on acquisitions in 2020. All of them belong to
the targeted areas of the Group for bolt-on acquisitions:
- Digital, through the acquisitions of Miner & Kasch, Alia
Consulting and Eagle Creek;
- Cloud, with the purchase of Maven Wave and Edifixio;
- Security, with the acquisitions of Paladion, digital.security,
SEC Consult and Motiv;
- Decarbonization, with EcoAct.
The 10 acquisitions have been all self-financed.
They represented a total revenue amount above 300 million euros
(2019 revenue). These companies will support the Business Mix
improvement ambitioned by the Group to reach 65% of its mid-term
revenue on Digital, Cloud, Security and Decarbonization.
Dividend
During its meeting held on February 17, 2021,
the Board of Directors decided to propose to the next Annual
General Meeting the payment in 2021 of a dividend
on the 2020 results of € 0.90 per share. This
amount represents a 29% pay-out on net income Group share which has
been adjusted for non-recurring accounting impacts in 2020 related
to the Worldline shares and OEB derivative. The adjustments
represented -207 million euros net of tax. This ordinary dividend
would be paid in May 2021.
Appendix
Revenue and operating margin at constant
scope and exchange rates reconciliation
In € million |
2020 |
2019 |
% change |
Statutory
revenue |
11,181 |
11,588 |
-3.5% |
Exchange
rates effect |
|
-145 |
|
Revenue at constant exchange rates |
11,181 |
11,443 |
-2.3% |
Scope
effect |
|
86 |
|
Exchange
rates effect on acquired/disposed perimeters |
|
-0 |
|
Revenue at constant scope and exchange rates |
11,181 |
11,529 |
-3.0% |
Statutory
operating margin |
1,002 |
1,190 |
-15.8% |
Scope
effect |
|
-7 |
|
Exchange
rates effect |
|
-20 |
|
Operating margin at constant scope and exchange
rates |
1,002 |
1,163 |
-13.8% |
as % of
revenue |
9.0% |
10.1% |
|
Scope effects amounted to €+86 million for
revenue and €-7 million for operating margin. They are mainly
related to:
- the acquisitions consolidated either in Q4 2019 (IDnomic,
X-PERION) or in the course of 2020 (Maven Wave, Miner & Kasch,
Alia Consulting, Paladion, digital.security, EcoAct, and Edifixio)
for a total amount of €+149 million for revenue and €+9 million for
operating margin;
- the disposal of some specific Unified Communication &
Collaboration activities as well as former ITO activities in the UK
at the beginning of H2 2019, and the disposal and decommissioning
of non-strategic activities within CVC, for a total amount of €-63
million for revenue and €-16 million for operating margin.
Currency exchange rate effects negatively
contributed to revenue for €-145 million and to operating margin
for €-20 million. They mostly came from the depreciation of the
American dollar, the Brazilian real and the Pound sterling against
the Euro over the period.
2020 revenue performance by
Division
|
Revenue |
In € million |
2020 |
2019* |
Organic evolution |
Constant Currency evolution |
Infrastructure & Data Management |
6,112 |
6,301 |
-3.0% |
-2.1% |
Business & Platform Solutions |
3,832 |
4,159 |
-7.9% |
-7.9% |
Big
Data & Cybersecurity |
1,237 |
1,068 |
+15.8% |
+18.6% |
Total |
11,181 |
11,529 |
-3.0% |
-2.3% |
* At constant
scope and exchange rates |
|
|
|
|
Q4 2020 revenue performance by Industry,
Regional Business Unit and Division
In € million |
Q4 2020 |
Q4 2019* |
Organic evolution |
|
Constant Currency evolution |
Manufacturing |
519 |
565 |
-8.1% |
|
-7.1% |
Financial Services & Insurance |
535 |
552 |
-3.0% |
|
+1.1% |
Public
Sector & Defense |
708 |
671 |
+5.4% |
|
+12.8% |
Telecom, Media & Technology |
393 |
417 |
-5.8% |
|
-19.2% |
Resources & Services |
422 |
470 |
-10.3% |
|
-8.1% |
Health & Life Sciences |
333 |
321 |
+3.5% |
|
+6.6% |
Total |
2,909 |
2,997 |
-2.9% |
|
-2.1% |
* At constant
scope and exchange rates |
|
|
|
|
|
In € million |
Q4 2020 |
Q4 2019* |
Organic evolution |
|
Constant Currency evolution |
North
America |
628 |
680 |
-7.7% |
|
-3.1% |
Northern Europe |
682 |
679 |
+0.4% |
|
+0.7% |
Central Europe |
699 |
718 |
-2.7% |
|
-5.1% |
Southern Europe |
679 |
701 |
-3.2% |
|
-1.0% |
Growing Markets |
222 |
219 |
+1.7% |
|
-1.6% |
Total |
2,909 |
2,997 |
-2.9% |
|
-2.1% |
* At constant
scope and exchange rates |
|
|
|
|
|
In € million |
Q4 2020 |
Q4 2019* |
Organic evolution |
|
Constant Currency evolution |
Infrastructure & Data Management |
1,532 |
1,599 |
-4.2% |
|
-3.6% |
Business & Platform Solutions |
968 |
1,042 |
-7.1% |
|
-6.6% |
Big
Data & Cybersecurity |
410 |
355 |
+15.3% |
|
+18.1% |
Total |
2,909 |
2,997 |
-2.9% |
|
-2.1% |
* At constant
scope and exchange rates |
|
|
|
|
|
Conference call
Today, Thursday, February 18, 2021, the Group
will hold a conference call in English at 08:00 am
(CET - Paris), chaired by Elie Girard, CEO, in order to
comment on Atos’ FY 2020 results and to answer questions from the
financial community.
Please connect:
- on atos.net, in the Investors section
- by smartphone or tablet through the scan of:
- by telephone with the dial-in, 10 minutes prior the starting
time. Please note that if you want to join the webcast by
telephone, you must register in advance of the
conference using the following link:
http://emea.directeventreg.com/registration/1448719 Upon
registration, you will be provided with Participant Dial In
Numbers, a Direct Event Passcode and a unique Registrant ID. Call
reminders will also be sent via email the day prior to the
event.During the 10 minutes prior to the beginning of the call, you
will need to use the conference access information provided in the
email received upon registration.
After the conference, a replay of the webcast
will be available in the Investor section on atos.net.
Forthcoming events
April 20, 2021
First
quarter 2021 revenueMay 12, 2021
Annual General MeetingJuly 28, 2021
First semester 2021 resultsOctober 21,
2021 Third quarter 2021
revenue
Contacts
Investor Relations:
Gilles
Arditti
+33 1 73 26 00
66
gilles.arditti@atos.net
Media:
Sylvie Raybaud
+33 6
95 91 96
71
sylvie.raybaud@atos.net
About Atos
Atos is a global leader in digital
transformation with 105,000 employees and annual revenue of over €
11 billion. European number one in cybersecurity, cloud and high
performance computing, the group provides tailored end-to-end
solutions for all industries in 71 countries. A pioneer in
decarbonization services and products, Atos is committed to a
secure and decarbonized digital for its clients. Atos operates
under the brands Atos and Atos|Syntel. Atos is a SE (Societas
Europaea), listed on the CAC40 Paris stock index.
The purpose of Atos is to help design the future
of the information space. Its expertise and services support the
development of knowledge, education and research in a multicultural
approach and contribute to the development of scientific and
technological excellence. Across the world, the group enables its
customers and employees, and members of societies at large to live,
work and develop sustainably, in a safe and secure information
space.
Disclaimers
This document contains forward-looking
statements that involve risks and uncertainties, including
references, concerning the Group's expected growth and
profitability in the future which may significantly impact the
expected performance indicated in the forward-looking statements.
These risks and uncertainties are linked to factors out of the
control of the Company and not precisely estimated, such as market
conditions or competitors behaviors. Any forward-looking statements
made in this document are statements about Atos’ beliefs and
expectations and should be evaluated as such. Forward-looking
statements include statements that may relate to Atos’ plans,
objectives, strategies, goals, future events, future revenues or
synergies, or performance, and other information that is not
historical information. Actual events or results may differ from
those described in this document due to a number of risks and
uncertainties that are described in the 2019 Universal Registration
Document filed with the Autorité des Marchés Financiers (AMF) on
March 3, 2020 under the registration number D.20-0096 and the
Amendment to the 2019 Universal Registration Document filed with
the AMF on July 30, 2020 under number D.20-0096-A01. Atos does not
undertake, and specifically disclaims, any obligation or
responsibility to update or amend any of the information above
except as otherwise required by law. This document does not contain
or constitute an offer of Atos’ shares for sale or an invitation or
inducement to invest in Atos’ shares in France, the United States
of America or any other jurisdiction.
Atos consolidated and statutory financial statements for the
year ended December 31, 2020, were approved by the Board of
Directors on February 17, 2021. Audit procedures are in
progress.
Revenue organic growth is presented at constant
scope and exchange rates.
Industries include
Manufacturing (Aerospace, Automotive, Chemicals,
Consumer Packaged Goods (Food & Beverage), Discrete
Manufacturing, Process Industries, Services and Siemens),
Financial Services & Insurance (Insurance,
Banking & Financial Services, and Business Transformation
Services), Public Sector & Defense (Defense,
Education, Extraterritorial Organizations, Public Administration,
Public Community Services and Major Events), Telecom, Media
& Technology (High Tech & Engineering, Media, and
Telecom), Resources & Services (Energy,
Retail, Transportation & Hospitality, and Utilities) and
Healthcare & Life Sciences (Healthcare and
Pharmaceutical).
Regional Business Units include North
America (USA, Canada, Guatemala and Mexico),
Northern Europe (United Kingdom & Ireland,
Belgium, Denmark, Estonia, Belarus, Finland, Lithuania, Luxembourg,
The Netherlands, Poland, Russia, and Sweden), Central
Europe (Germany, Austria, Bulgaria, Bosnia, Croatia, Czech
Republic, Greece, Hungary, Romania, Serbia, Slovenia, Slovakia,
Israel, and Switzerland), Southern Europe (France,
Andorra, Spain, Portugal, and Italy) and Growing
Markets including Asia-Pacific (Australia, China, Hong
Kong, India, Japan, Malaysia, New Zealand, Philippines, Singapore,
Taiwan, and Thailand), South America (Argentina, Brazil, Chile,
Colombia, Uruguay, and Peru), Middle East & Africa (Algeria,
Benin, Burkina Faso, Egypt, Gabon, Ivory Coast, Kenya, Kingdom of
Saudi Arabia, Madagascar, Mali, Mauritius, Morocco, Qatar, Senegal,
South Africa, Tunisia, Turkey and UAE), Major Events, Global Cloud
Hub, and Global Delivery Centers.
1 2019 at constant scope and exchange rates2 from continuing
operations3 2019 excluding € +37 million of one-off related to the
Optional Exchangeable Bond (OEB)
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