Atos: Invest Securities still a seller

(CercleFinance.com) - The analyst believes that the news was busy last week, with the publication of Q3 24 sales and the Commercial Court's favourable ruling.


Restructuring can now be completed, with a healthier financial situation that should enable us to rapidly relaunch the sales dynamic, which was still very complicated in Q3 24 (-30% for order intake), at the risk of seeing the 2024-27th business plan compromised once again, Invest Securities says.

In view of the massive dilution ahead (number of shares multiplied by 2,000x!), the analyst reiterates his Sell rating and target price of E0.01.

For current shareholders, the question of participation in the AK with DPS at E0.0037 per share is difficult to decide between massive dilution and uncertainty as to the turnaround trajectory. The participation of the new CEO in the operation is nevertheless a positive signal, the broker adds.


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