Atos: financing parameters to be revised

(CercleFinance.com) - Atos fell by almost 10% on the Paris Bourse on Thursday morning after announcing its intention to revise its business plan to 2027, which was presented two weeks ago.


In a press release, the technology group justifies its decision by the need for new liquidity following its latest operating performance and in view of current commercial trends.

In particular, it explains that its first-quarter sales were impacted by postponements in the awarding of new contracts, as customers preferred to wait for the finalization of the current refinancing plan.

Sales for the first three months of the year were down 2.6% organically, to 2.48 billion euros.

Atos explains that it plans to update its financing parameters in the coming days, which will push back to May 3 the date for submitting proposals to its creditors and investors.

The company says it aims to reach a solution by July 2024.

This renewed uncertainty led to a further fall in the share price, which dropped by around 9% in early trading on Thursday morning on the Paris Bourse.

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