Atos - comment

Atos issued a business plan in early September, so the Q3 numbers to the end of September were previously guided.  The actual numbers confirm the September statement, down 4.4%, with Eviden down 6.4% due to weakness across its business.  More worryingly, the book-to-bill ratio continues to fall, with Eviden’s at 73%, compared to 80% in the prior year.  Tech foundations remain at c.60%.  

The Court is due to finalise the restructuring plan today, with financial restructuring (equity raise, etc) expected to close in December or early January 2025.