Curious about Atos net worth and financial standing in 2024? As one of the major players in the IT services sector, Atos has experienced a challenging year.
Let’s dive into its financial performance, revenue contributors, and recent developments.
Ando Money is here to provide a detailed analysis for readers interested in the company’s financial landscape.
Quick Facts
| FACT | DETAIL |
|---|---|
| Name | Atos SE |
| Full Name | Atos SE |
| Industry | Information Technology Services and Consulting |
| Traded as | Euronext Paris: ATO |
| ISIN | FR0000051732 |
| Founded | 1997 |
| Founders | N/A |
| Country/Territory | France |
| Headquarters | Bezons, France |
| Chief Executive Officer | Jean-Pierre Mustier |
| Number of Employees | 95,000 |
| Market Cap | $87.16 million |
| Total Assets | €8,858 million ($10.38 billion) |
| Total equity | -€1,812 million (-$2.12 billion) |
| Revenue (H1 2024) | €4,964 million ($5.82 billion) |
| Net Income (H1 2024) | -€1,941 million (-$2.27 billion) |
What is the Net Worth/Market Cap of Atos in 2024?
As of September 2024, Atos has a market cap of $87.16 million, making it one of the notable firms in its sector but falling behind some of the industry giants.
In comparison, many related companies have much larger valuations, providing an interesting benchmark. Here are some companies related to Atos:
- Capgemini
- IBM
- Accenture
- DXC Technology
- Fujitsu
- T-Systems
- Wipro
- Infosys
- HCL Technologies
- Cognizant
When looking at the financial scale of the biggest companies worldwide, Atos sits at a significantly lower market cap, reflecting its unique challenges in 2024.
Financial Performance Overview
During the first half of 2024, Atos recorded revenue of €4,964 million ($5.82 billion), but faced a significant net loss of €1,941 million ($2.27 billion).
The firm’s operating margin stood at €115 million ($134 million), reflecting a 2.3% margin on its revenue.
This performance highlights a challenging period for Atos, with the net loss primarily driven by restructuring costs and impairments.
Revenue Drivers and Key Business Units
The revenue of Atos is split between two main segments: Tech Foundations and Eviden. Tech Foundations contributed €2,578 million ($3.02 billion), while Eviden brought in €2,386 million ($2.8 billion).
The performance of these segments saw an organic decline of -1.4% and -4.2% respectively.
Moreover, regional revenue distribution showed diverse performance, with the Americas accounting for €1,108 million ($1.3 billion) and Northern Europe & APAC contributing €1,542 million ($1.8 billion).
Financial Restructuring and Its Impact on Operations
In 2024, Atos embarked on a significant financial restructuring. This resulted in an agreement with its creditors, leading to interim financing of €800 million ($940 million).
This restructuring aimed to mitigate debt risks and allow the company to secure the necessary liquidity until the financial plan is fully implemented.
The restructuring process has influenced the overall financial performance and operating costs significantly.
Cash Flow and Liquidity Position
As of June 30, 2024, Atos had cash and cash equivalents of €767 million ($900 million). However, its net debt position was substantial, standing at €4,218 million ($4.94 billion).
The cash flow from operations was challenged by working capital requirements, impacting the firm’s liquidity and operational flexibility.
Cost Structure and Expense Management
Atos’ cost structure in H1 2024 saw reorganization costs of €60 million ($70 million), rationalization costs of €5 million ($5.8 million), and integration expenses of €2 million ($2.3 million).
The firm took several measures to improve operational efficiency, but the high restructuring costs significantly impacted its profitability and overall financial health.
Financial Debt and Risk Management
The firm’s total borrowings stood at €5,090 million ($5.95 billion), with a combination of bonds, credit facilities, and term loans.
The strategies to manage this debt include refinancing plans and targeted reductions in the gross debt by 2026.
Interest expenses and financial charges play a crucial role in the firm’s financial outlook and require strategic debt management.
Shareholder Equity and Investment Considerations
Atos faced challenges in maintaining positive equity, with total shareholder equity reported at -€1,812 million (-$2.12 billion).
The negative equity trend poses concerns for potential investors. However, the restructuring plan and financial strategies aim to restore the firm’s equity position and improve its investment outlook.
Human Resources and Financial Impact on the Workforce
The firm’s workforce saw a reduction of around 3.7% in the first half of 2024. This was mainly due to restructuring efforts, affecting both direct and indirect employees.
These changes aimed to optimize costs and enhance productivity while maintaining a focus on revenue growth.
Commercial Portfolio and Backlog
Order entry reached €3.6 billion ($4.22 billion) in H1 2024, with a book-to-bill ratio of 73%.
Eviden’s order entry was €2 billion ($2.35 billion), while Tech Foundations had €1.6 billion ($1.88 billion).
The full backlog stood at €15.7 billion ($18.4 billion), representing 1.6 years of revenue.
Taxation and Compliance Influences on Financials
Atos faced a tax charge of €62 million ($72 million) with deferred tax asset adjustments, affecting its net income.
Regulatory changes and tax compliance considerations played a role in the financial adjustments and reporting practices of the company.
FAQs About Atos
How much revenue did Atos generate in H1 2024?
Atos reported revenue of €4,964 million ($5.82 billion) in the first half of 2024.
What is Atos’ operating margin for H1 2024?
The operating margin for Atos in H1 2024 was €115 million ($134 million), representing 2.3% of its revenue.
What is Atos’ total asset value in 2024?
The total assets of Atos amounted to €8,858 million ($10.38 billion) as of June 2024.
How is Atos managing its financial restructuring?
Atos reached a lock-up agreement with creditors, securing €800 million ($940 million) in interim financing to support its financial restructuring plan.
What challenges did Atos face in its net income for 2024?
Atos reported a net loss of €1,941 million ($2.27 billion) in H1 2024, impacted by restructuring costs, impairments, and interest expenses.
Conclusion
Atos faced a challenging financial situation in 2024, undergoing major restructuring to improve its position.
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