Atos has offered to continue discussions and has indicated that it has submitted a new proposal to the French State that is compatible with the financial restructuring plan. The expiry of the offer has no impact on the ongoing financial restructuring. A new plan should arrive 'shortly.' Still, it is yet another delay for ailing Atos, which has already seen several intended deals fall through.
The goal of the French government is to keep important parts of Atos in French hands. The company handles various IT and cybersecurity issues of government institutions, which involve state secrets that France does not want to entrust to a foreign owner.
Atos expects sales to decline over the next two years due to a deteriorating business environment. As a result, the company anticipates that it will also post lower sales in 2024 than initially thought. Initially assuming sales of €9.8 billion, the company is now counting on €9.7 billion.
In the first half of 2024, Atos posted an operating loss of €1.7 billion. By comparison, in the same time last year, the operating loss was €434 million.
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