Atos: Atos: Q1 revenue down 15.9%

On Thursday Atos reported a 15.9% organic decline in revenue for Q1 to just under €2.1bn, mainly due to the end of contracts in 2024. Its cybersecurity division, Eviden, posted a 14% organic decline in business, while its more traditional IT services division, Tech Foundations, saw a 17.5% decline. "Although revenue remained under pressure, our commercial activity continued to recover during the quarter, demonstrating the confidence and commitment of our customers and pointing to a favorable outlook for the future of Atos," CEO Philippe Salle said. Order intake totaled €1.7bn in Q1, giving an order-to-revenue ratio of 0.81x, compared with 0.64x a year earlier. "This nevertheless highlights an insufficient book-to-bill ratio (...) to suggest a return to growth in the short term," AllInvest Securities said. In a press release, Atos said it had limited its cash consumption to around €40 million in the first three months of the year, compared with €415m in Q1 2024. At end-March, its liquidity position was estimated at around €1.96bn, compared with nearly €2.18bn at end-December 2024. The technology group said it plans to unveil its medium-term strategy at a capital markets day scheduled for 14 May. "In light of the achievements in early 2025, the business plan presented as part of the financial restructuring appears increasingly challenging, at least for 2025 (-1.8% organic decline and +1.8pt improvement in EBITA margin)," AllInvest said. On the Paris Stock Exchange, Atos shares were down 5.1% on Thursday morning in the wake of these announcements. Copyright (c) 2025 CercleFinance.com. All rights reserved.