French IT firm Atos lowers 2024 revenue target to €9.7B, operating margin to 2.4%, and extends leverage ratio goal to 2027.
French IT firm Atos has lowered its financial targets, now estimating 2024 group revenue at €9.7 billion, down from €9.8 billion, with an expected operating margin of 2.4%, reduced from 2.9%. The leverage ratio goal has shifted to below 2.0 by 2027, later than the earlier deadline. A restructuring plan, anticipated to dilute existing shareholders significantly, will commence after court approval on October 15, involving capital increases and debt issuance from November 2024 to January 2025.
September 02, 2024
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