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.