ATOS : 2016 record results
(Thomson Reuters ONE) -
Revenue+10%
Operating margin +20%
Net income Group share +40%
Free cash flow +47%
Proposed dividend +45% at ? 1.60 per share in cash
Stronger ambition for 2017
Bezons, February 22, 2017 - Atos, a global leader in digital services, today
announces record results in 2016 and the over-achievement of all its 2016
financial objectives.
Revenue was ? 11,717 million, up +9.7% year-on-year, +12.8% at constant exchange
rates, and +1.8% organically. Revenue grew by +1.9% organically in the fourth
quarter, materializing the good sales momentum and the continued revenue trend
improvement. This dynamism was particularly led by the Atos Digital
Transformation Factory answering the strong demand of large organizations in
their digital transformation.
Operating margin was ? 1,104 million, representing 9.4% of revenue, compared to
8.3% in 2015 at constant scope and exchange rates. This improvement by +110
basis points was notably resulting from more cloud based business and the
continuous execution of the Tier One efficiency program through
industrialization, global delivery from offshore locations, and continuous
optimization of SG&A. In addition, operating margin benefitted from ongoing cost
synergies including the integration of Unify.
The commercial dynamism of the Group was particularly strong in 2016 with record
order entry reaching ? 13.0 billion, +16.2% compared to ? 11.2 billion statutory
in 2015. It represented a book to bill ratio of 111% in 2016, of which 119%
during the fourth quarter of 2016. Full backlog increased by +11.9% year-on-year
to ? 21.4 billion at the end of 2016, representing 1.8 year of revenue. The full
qualified pipeline represented 6.4 months of revenue at ? 6.5 billion, compared
to ? 6.2 billion published at the end of 2015.
Net income was ? 620 million, +41.9% year-on-year and net income Group share
reached ? 567 million, +39.6%. Basic EPS Group share was ? 5.47, +36.1% compared
to ? 4.01 in 2015 and diluted EPS Group share was ? 5.44, +36.5% compared to
? 3.98 during 2015.
Free cash flow reached ? 579 million in 2016, +47.3% compared to ? 393 million
in 2015, materializing a strong improvement of operating margin conversion rate
to free cash flow, reaching 52.5% in 2016 compared to 43% in 2015 and in line
with the circa 65% 2019 objective. Net cash position was ? 481 million at the
end of 2016.
Thierry Breton, Chairman and CEO said: "In 2016, we achieved an excellent
performance by overreaching all our financial commitments. Atos delivered
revenue growth across all sectors, as well as record margin improvement and free
cash flow conversion. Accelerating innovation in cybersecurity, automation, and
analytics, mirroring the booming demand from our customers, combined with a
rigorous execution of our strategy were the key factors of this success. Our
very solid financial performance materialized the alignment of our comprehensive
Digital Transformation Factory with rising client needs.
With this record performance, Atos' teams have built a unique foundation to
deliver our new 3-year plan "2019 Ambition", matching new expectations of our
clients, gaining new market shares, driving more profitable growth and cash
generation, while continuing to enhance value creation for our shareholders.
Indeed, year after year, Atos Board of Directors has carefully designed a Group
able to embrace the global digital transformation while offering stronger
visibility and resilience in a less predictable environment. We can count on the
now tier-one technological profile of Atos, on its very solid balance sheet, and
on the quality and dedication of our 100,000 digital technologists to strengthen
our leadership in digital transformation and to deliver stronger financials in
2017, the first year of the new 3-year plan."
2017 objectives
Revenue growth: Circa +6% at constant exchange rates, above +2% organically.
Operating margin: Between 9.5% and 10.0% of revenue.
Free cash flow: Operating margin conversion rate to free cash flow between 55%
and 58%.
2016 key figures
In ? million 2016 2015 change
----------------------------------------------------
Revenue 11,717 10,686 +9.7%
Organic growth +1.8% +0.4%
Operating margin 1,104 917 +20.4%
% of statutory revenue 9.4% 8.6%
Net income Group share 567 406 +39.6%
EPS Group share (in ?) 5.47 4.01 +36.1%
Free cash flow 579 393 +47.3%
% of operating margin 52.5% 43%
Net cash 481 593
----------------------------------------------------
2016 performance by Division
Revenue Operating Operating
margin margin %
In ? million 2016 2015* % organic 2016 2015* 2016 2015*
--------------------------------------------- ---------------- ----------------
Infrastructure & 6,595 6,539 +0.9% 682.9 555.5 10.4% 8.5%
Data Management
Business & Platform 3,194 3,169 +0.8% 206.1 199.1 6.5% 6.3%
Solutions
Big Data & 666 591 +12.8% 111.9 102.1 16.8% 17.3%
Cybersecurity
Corporate costs -93.9 -71.1 -0.9% -0.7%
Worldline 1,261 1,216 +3.7% 196.9 173.4 15.6% 14.3%
--------------------------------------------- ---------------- ----------------
TOTAL GROUP 11,717 11,515 +1.8% 1,104 959.0 9.4% 8.3%
--------------------------------------------- ---------------- ----------------
* At constant scope
and exchange rates
Infrastructure & Data Management: positive revenue organic growth and increasing
operating margin in a context of successful transition of Atos' customers to
hybrid cloud infrastructures
Infrastructure & Data Management revenue was ? 6,595 million, +0.9% at constant
scope and exchange rates. The division continued the transformation of classic
infrastructures to hybrid cloud environments. This resulted in positive organic
growth, driven by significant revenue increase in transitional and
transformation services. New services such as cloud orchestration, growing
volumes, and new contracts globally compensated for the decrease in the unit
prices, while increasing margin. This trend materialized in the US market which
is particularly receptive to our Infrastructure & Data Management end-to-end
offering, notably in manufacturing, health, and telco & media sectors. Germany
grew in all markets with digital transformation projects for large customers,
more particularly Industry 4.0. Asia Pacific also contributed to growth mostly
thanks to higher volumes in Financial Services and in Telco, Media & Utilities.
During the fourth quarter of 2016, revenue in Infrastructure & Data Management
grew by +1.1%.
Operating margin was ? 682.9 million, representing 10.4% of revenue compared to
8.5% in 2015 at constant scope and exchange rates. This strong improvement by
+190 basis points came from the top line and from the successful and faster than
planned completion over 2016 of the integration and restructuring of the Unify
service activities as well as from continued significant savings throughout all
geographies. The successful migration to the Cloud of several customers'
infrastructure also generated significant unit cost reductions.
Business & Platform Solutions: steady top line improvement quarter after quarter
coupled with better project and workforce management
Revenue in Business & Platform Solutions was ? 3,194 million, up +0.8%
organically. Growth acceleration mainly came from Germany and France increasing
in all markets. The division continued to accelerate its revenue trend during
the fourth quarter with +1.2% organic growth.
Operating margin was ? 206.1 million, representing 6.5% of revenue, an
improvement of +20 basis points compared to last year at constant scope and
exchange rates. The division is implementing a strong transformation plan to
further increase its competitiveness and profitability as early as in 2017.
Big Data & Cybersecurity: high revenue growth led by a strong demand for state
of the art solutions deriving in increasing operating margin
Revenue organic growth in Big Data & Cybersecurity reached +12.8% at constant
scope and exchange rates, leading to ? 666 million revenue in 2016. Initially
based in France in the public sector and to a lesser extent in Germany, the
business was successfully expanded to most of the Group geographies with an
increasing contribution from the private sector. The demand for High Performance
Computing remained very strong in order to support the growing Big Data
processing needs of our clients, as well as for encryption, access management
solutions, and intrusion testing solutions. The demand also increased for
security operating centers protecting customers on a worldwide basis and 24
hours a day.
Organic growth reached +9.3% in Q4 2016 in Big Data & Cybersecurity.
Operating margin was ? 111.9 million, up by +9.7% compared to 2015 at constant
scope and exchange rates and representing 16.8% of revenue. The division managed
to keep this high level of operational profitability while focusing on top line
in order to benefit from the strong existing demand.
Worldline: Strong organic momentum and a large acquisition reinforcing European
leadership
From a contributive perspective to Atos, Worldline revenue was ? 1,261 million,
improving by +3.7% organically. On a standalone basis, revenue reached ? 1,309
million, up +3.5% at constant scope and exchange rates. Merchant Services &
Terminals grew by +7.4% thanks to double digit growth in Commercial Acquiring in
Benelux, but also India and Central Europe, and to the dynamic of the payment
terminal business. Financial Processing & Software Licensing grew by +4.8%
driven by more transaction volumes and customer projects. Mobility & e-
Transactional Services successfully sold several new offerings in e-Ticketing
and Connectivity Solutions, while, due to the termination of two historical
contracts, revenue declined by -2.3% organically.
During the fourth quarter, Worldline grew by +3.3% organically and integrated
Equens, a leading European player in the payment industry. The first effects of
the integration and synergy plan related to this acquisition enables Atos to
start 2017 on very solid grounds.
Contributive operating margin was ? 196.9 million, or 15.6% of revenue, +130
basis points compared to 2015 at constant scope and exchange rates. This strong
improvement was led by Merchant Services & Terminals, thanks to volume
transaction growth, favorable pricing mix, and a tight cost control. Standalone
OMDA increased by +90 basis points, reaching ? 258.7 million and representing
19.8% of revenue.
A detailed presentation of Worldline 2016 performance is available at
worldline.com, in the investors section.
2016 revenue performance by Market
In ? million 2016 2015* % organic
-----------------------------------------------------------------------
Manufacturing, Retail & Transportation 4,058 4,034 +0.6%
Public & Health 3,329 3,206 +3.8%
Telcos, Media & Utilities 2,352 2,304 +2.1%
Financial Services 1,978 1,971 +0.4%
-----------------------------------------------------------------------
TOTAL GROUP 11,717 11,515 +1.8%
-----------------------------------------------------------------------
* At constant scope and exchange rates
In 2016, revenue grew organically in all the Group vertical markets:
Manufacturing, Retail & Transportation remained the largest market segment of
the Group (35% of total Group revenue) and grew by +0.6% organically to ? 4 058
million in 2016. In this sector, Atos developed pioneering offerings in Industry
4.0 for manufacturing, digital payments and customer experience in retail, and
transportation as a service. Manufacturing, Retail & Transportation revenue
growth was led by Germany and South America.
Public & Health was the second market of the Group (28%) with total revenue of ?
3,329 million, up +3.8% organically. A specific focus was made in 2016 to build
new offerings in Digital Transformation, more particularly on citizen centricity
for central governments, smart cities and education, and patient centricity for
healthcare. Growth mainly came from the Defense area in France and from North
America. Big Data & Cybersecurity and Infrastructure & Data Management organic
growth was particularly strong in Public & Health (+11.1% and +7.2%
respectively), thanks to contract signatures with new logos and add-on
businesses with existing clients.
Telecom, Media & Utilities represented 20% of the Group revenue and reached ?
2,352 million, an increase by +2.1% compared to 2015 at constant scope and
exchange rates. Atos built new offerings focused on network infrastructure
transformation, digital media, sport digitization with the Olympics, and Smart
Grid in utilities. Most of the geographies generated growth in this market, more
particularly in the US and Germany.
Financial Services represented 17% of the total Group revenue at ? 1,978
million, +0.4% organically compared to 2015. In the area of the Digital
Transformation, the Group strongly focused on real time, customer-centric
business engagement, digital payment transformation and fintech support for
banking, as well as smart agility for insurance. These innovative offerings were
developed in a fast moving regulatory environment for the customers of the
Group. Worldline had a solid performance in that market with a double digit
organic growth.
2016 performance by Business Unit
Revenue Operating Operating margin
margin %
In ? million 2016 2015* % organic 2016 2015* 2016 2015*
-------------------------------------------- ---------------- -----------------
North America 2,061 1,972 +4.5% 240.8 182.9 11.7% 9.3%
Germany 1,954 1,856 +5.3% 200.9 138.7 10.3% 7.5%
United-Kingdom & 1,790 1,797 -0.4% 238.8 196.7 13.3% 10.9%
Ireland
France 1,709 1,671 +2.3% 125.4 102.9 7.3% 6.2%
Benelux & The 986 1,064 -7.3% 71.5 98.4 7.3% 9.2%
Nordics
Other Business 1,956 1,938 +0.9% 127.3 139.4 6.5% 7.2%
Units
Global -97.7 -73.3 -0.9% -0.7%
structures**
Worldline 1,261 1,216 +3.7% 196.9 173.4 15.6% 14.3%
-------------------------------------------- ---------------- -----------------
TOTAL GROUP 11,717 11,515 +1.8% 1,104 959.0 9.4% 8.3%
-------------------------------------------- ---------------- -----------------
* At constant
scope and exchange
rates
** Global structures include the Global Divisions costs not allocated to
the Group Business Units and Corporate costs
While revenue increased by +1.8%, the Group improved globally its operating
margin rate by +110 basis points in 2016, +140 basis points excluding pension
schemes optimization one-offs.
In 2016, Germany, North America, Worldline, France and "Other Business Units"
contributed to the Group revenue organic growth:
* North America was up +4.5%, benefitting from a solid trend maintained
throughout the year, notably with a new sales dynamic in migration to
Orchestrated Hybrid Cloud;
* Germany confirmed its recovery with +5.3% organic growth, turning back to a
healthy organic growth in all Divisions, notably thanks to new major deals
won in Infrastructure & Data Management and strong actions undertaken in
Business & Platform Solutions by the new management;
* UK & Ireland was almost stable. The +4.5% high growth during the second half
of the year offset the first half base effect thanks to a strong activity in
the public sector with contract ramp-ups and increased volumes and projects;
* France reached a solid +2.3% organic growth rate, largely fueled by the
strong demand for Big Data & Cybersecurity solutions and also with the
increase of activities in Business & Platform Solutions;
* Benelux & The Nordics. 2016 was impacted by the ramp-down of contracts
mainly in Financial Services. The new management team appointed in summer is
actively focused on the Business Unit recovery in order to return back to
growth;
* "Other Business Units" also positively contributed to the Group revenue
growth, thanks to a good performance in Asia Pacific, Middle East & Africa,
and South America;
* Worldline continued to contribute to the Group organic growth with +3.7%
over the period, the sustained dynamic of its payment businesses
compensating for the effect of the two contracts terminated.
Global structures costs as a percentage of revenue increased by +20 basis points
compared to 2015 at constant scope and exchange rates, mostly due to pension
plan optimization booked in H1 2015. In 2016, the Group continued to execute its
pension schemes optimization plan which resulted in ? 41 million (recorded in H2
for the UK), compared to ? 74 million in 2015.
In 2016, the Group operating margin benefitted from the full effect of costs
synergies on acquired businesses. The margin improvement was particularly
visible in the main Business Units such as Germany, North America, the United
Kingdom, France, and Worldline.
Commercial activity
The commercial dynamism of the Group was particularly strong in 2016 with a
record order entry reaching ? 13.0 billion, +16.2% compared to ? 11.2 billion
statutory in 2015. It represented a book to bill ratio of 111% in 2016 compared
to 105% reached in 2015. Commercial activity was particularly strong during the
fourth quarter of 2016 with a book to bill ratio of 119%.
Commercial dynamism translated into healthy 2016 book to bill ratios in all
Divisions. Infrastructure & Data Management book to bill ratio reached 109%.
Business & Platform Solutions order entry represented 114% of revenue thanks to
several contract wins in UK & Ireland in particular as well as in Benelux & The
Nordics and in France. The level of booking was also high in Big Data &
Cybersecurity at 130%. Worldline book to bill ratio reached 106%.
In line with the dynamic commercial activity, the full backlog increased by
+11.9% year-on-year to ? 21.4 billion at the end of 2016, representing 1.8 year
of revenue. The full qualified pipeline represented 6.4 months of revenue at ?
6.5 billion, compared to ? 6.2 billion published at the end of 2015.
Operating income and net income
Operating income reached ? 813 million in 2016, +38.0% year-on-year, resulting
from the following items:
Costs for staff reorganization, rationalization, and integration amounted to
? 167 million compared to ? 190 million in 2015, materializing the strong
actions initiated in the second half of 2015 to significantly decrease the level
of restructuring.
Amortization of Purchase Price Allocation of acquired companies represented ?-
96 million. The amortization of the equity based compensation plans amounted to
?-50 million, compared to ?-33 million in 2015.
Other items amounted to ? 22 million compared to a charge of ?-33 million in
2015. They included the gain on the sale of the share in Visa Europe to Visa
Inc. for ? 51 million, partially offset by a settlement in H1 of an old
litigation in Germany.
Net financial result was a charge of ?-49 million, including the costs of
pensions and of the straight bond issued mid-2015. Total tax charge was ?-145
million, representing a decreased effective tax rate of 19.0% due to Tax Losses
Carried Forward inherited from Bull acquisition.
As a result, net income was ? 620 million, +41.9% compared to ? 437 million in
2015. Non-controlling interests amounted to ? 53 million and were related to the
minority shareholders in Worldline. Therefore, the net income Group share
reached ? 567 million, +39.6% compared to ? 406 million in 2015.
Besides, net income of Unify Software & Platforms discontinued operations
benefited from the faster than planned integration and restructuring and reached
? 12 million, above the target set at the time of the acquisition and a strong
improvement compared to 2015, supporting the ? 100 million 2017 EBITDA target.
Basic EPS Group share was ? 5.47, +36.1% compared to ? 4.01 in 2015 and diluted
EPS Group share was ? 5.44, +36.6% compared to ? 3.98 during 2015.
Free cash flow
Operating Margin before Depreciation and Amortization (OMDA) was ? 1,375 million
representing 11.7% of revenue, compared to ? 1,200 million in 2015 (11.2% of
revenue).
As planned, total cash-out for reorganization, rationalization, and integration
was ?-149 million compared to ?-238 million in 2015, fully in line with the ?
150 million targeted in 2016.
During 2016, capital expenditures totaled ? 421 million, representing 3.6% of
revenue, compared to ? 441 million in 2015 (3.8% of revenue). Change in working
capital negatively contributed by ?-38 million, due to a growing activity in the
public sector. It represented a positive ?+49 million in 2015 mainly thanks to
the optimization of Bull's working capital.
Cash-out for financial costs was ?-18 million (?-17 million in 2015) and tax
paid was ?-129 million compared to ?-106 million in 2015. Finally, other items
totaled ?-40 million, compared to ?-54 million in 2015.
As a result, the Group free cash flow totaled ? 579 million, an increase by
+47.3% compared to ? 393 million in 2015. The operating margin conversion rate
to free cash flow, reaching 52.5% in 2016 strongly improved compared to 43% in
2015.
Net cash evolution
Net acquisitions / disposals in 2016 amounted to ?-707 million, mainly related
to the acquisitions of Unify, Anthelio, Paysquare and Komerçni Banka Smartpay.
Capital increase, mostly related to proceeds from stock-options totaled ?+28
million in 2016 compared to ?+58 million in 2015.
As part of the sale of Visa Europe, the Group received ?+36 million from Visa
Inc.
The cash-out resulting from the option for the payment in cash of dividend on
2015 results was ?-47 million compared to ?-31 million last year, roughly in
line with the increase of the dividend per share from ?0.80 to ?1.10.
As a result, Group net cash position as of December 31, 2016 was ? 481 million,
compared to ? 593 million on December 31, 2015.
Human resources
The total headcount was 100,096 at the end of 2016 (including the Unify Software
& Platforms discontinued operations), compared to 91,322 at the end of 2015.
During the year, 5,200 staff joined the Group from Unify, 1,700 from Anthelio,
and 1,200 from Equens, Paysquare, and Komerçni Banka Smartpay.
Dividend
During its meeting held on February 21, 2017, the Board of Directors decided to
propose to the next Annual General Meeting of Shareholders a dividend in 2017 on
the 2016 results of ? 1.60 per share in cash, up by +45.4% year-on-year, and
doubling in two years in line with the increase of the net Income Group share.
Appendix
Atos' consolidated and statutory financial statements for the year ending
December 31, 2016, were approved by the Board of Directors on February
21, 2017. Audit procedures on these financial statements have been performed by
the statutory auditors and their audit reports will be issued after the
completion of the specific verifications required by French law and of
procedures for the purposes of the Registration Document filing.
Revenue and operating margin at constant scope and exchange rates
reconciliation
In ? million 2016 2015 % change
-----------------------------------------------------------------------------
Statutory revenue 11,717 10,686 +9.7%
Exchange rates effect -295
-----------------------------------------------------------------------------
Revenue at constant exchange rates 11,717 10,390 +12.8%
-----------------------------------------------------------------------------
Scope effect 1,128
Exchange rates effect on acquired/disposed perimeters -4
Revenue at constant scope and exchange rates 11,717 11,515 +1.8%
-----------------------------------------------------------------------------
Statutory operating margin 1,104 883.7 +24.9%
Equity based compensation reclassification 33.3
Scope effect 73.3
Exchange rates effect -31.3
Operating margin at constant scope and exchange rates 1,104 959.0 +15.1%
as % of revenue 9.4% 8.3%
-----------------------------------------------------------------------------
Currency exchange rates negatively contributed to revenue for a total of ?-299
million, mainly coming from the British pound depreciating versus the Euro while
the American dollar had almost no effect on a full year basis.
Scope effects amounted to ?+1,128 million. This was mainly related to the
positive contribution of Xerox ITO (6 months for ?+553 million), Unify (11
months for ?+534 million), Equens, Paysquare, and Komerçni Banka Smartpay (3
months for ?+78 million), and Anthelio (3 months for ?+43 million). Other
effects were related to (i) the early termination of the DWP WCA contract (2
months), (ii) the disposal of on-site services in France (2 months), and (iii)
the sale of the Occupational Health business in January 2016 (12 months).
Same effects as well as the reclassification of the cost of equity based
compensation are reflected in the operating margin at constant scope and
exchange rates.
Q4 2016 revenue performance by Division
In ? million Q4 2016 Q4 2015* % organic
--------------------------------------------------------------------------
Infrastructure & Data Management 1,771 1,752 +1.1%
Business & Platform Solutions 853 843 +1.2%
Big Data & Cybersecurity 231 211 +9.3%
Worldline 389 377 +3.3%
--------------------------------------------------------------------------
TOTAL GROUP 3,244 3,183 +1.9%
--------------------------------------------------------------------------
* At constant scope and exchange rates
Q4 2016 revenue performance by Business Unit
In ? million Q4 2016 Q4 2015* % organic
--------------------------------------------------------------------------
North America 569 547 +4.0%
Germany 534 497 +7.4%
United-Kingdom & Ireland 446 426 +4.8%
France 489 488 +0.2%
Benelux & The Nordics 255 288 -11.6%
Other Business Units 562 560 +0.3%
Worldline 389 377 +3.3%
--------------------------------------------------------------------------
TOTAL GROUP 3,244 3,183 +1.9%
--------------------------------------------------------------------------
* At constant scope and exchange rates
Q4 2016 revenue performance by Market
In ? million Q4 2016 Q4 2015* % organic
--------------------------------------------------------------------------
Manufacturing, Retail & Transportation 1,080 1,086 -0.6%
Public & Health 941 941 +0.1%
Telcos, Media & Utilities 645 635 +1.6%
Financial Services 577 522 +10.6%
--------------------------------------------------------------------------
TOTAL GROUP 3,244 3,183 +1.9%
--------------------------------------------------------------------------
* At constant scope and exchange rates
Conference call
Today, Wednesday, February 22, 2017, Thierry Breton; Chairman and CEO, Elie
Girard, Chief Financial Officer, and Patrick Adiba, Chief Commercial Officer,
will comment on Atos' 2016 annual results and answer questions from the
financial community during a conference call in English starting at 8:00 am
(CET - Paris).
You can join the webcast of the conference:
* on atos.net, in the Investors section
* by smartphones or tablets through the scan of:
* by telephone with the dial-in:
France +33 1 76 77 22 24 code 3339502
UK +44 20 3427 1905 code 3339502
US + 1 212 444 0481 code 3339502
Forthcoming events
April 25, 2017 First quarter 2017 revenue
May 24, 2017 Annual General Meeting
July 26, 2017 First half 2017 results
October 24, 2017 Third quarter 2017 revenue
Contacts
Media:
Terence Zakka | +33 1 73 26 40 76 | terence.zakka(at)atos.net
Investor Relations:
Gilles Arditti | +33 1 73 26 00 66 | gilles.arditti(at)atos.net
Benoit d'Amécourt | +33 1 73 26 02 27 | benoit.damecourt(at)atos.net
About Atos
Atos SE (Societas Europaea) is a leader in digital transformation with circa
100,000 employees in 72 countries and annual revenue of ? 12 billion. Serving a
global client base, the Group is the European leader in Big Data, Cybersecurity,
Digital Workplace and provides Cloud services, Infrastructure & Data Management,
Business & Platform solutions, as well as transactional services through
Worldline, the European leader in the payment industry. With its cutting edge
technologies, digital expertise and industry knowledge, the Group supports the
digital transformation of its clients across different business sectors:
Defense, Financial Services, Health, Manufacturing, Media, Utilities, Public
sector, Retail, Telecommunications, and Transportation. The Group is the
Worldwide Information Technology Partner for the Olympic & Paralympic Games and
is listed on the Euronext Paris market. Atos operates under the brands Atos,
Atos Consulting, Atos Worldgrid, Bull, Canopy, Unify and Worldline.
For more information, visit: atos.net.
Disclaimers
This document contains forward-looking statements that involve risks and
uncertainties, including references, concerning the Group's expected growth and
profitability in the future which may significantly impact the expected
performance indicated in the forward-looking statements. These risks and
uncertainties are linked to factors out of the control of the Company and not
precisely estimated, such as market conditions or competitors behaviors. Any
forward-looking statements made in this document are statements about Atos'
beliefs and expectations and should be evaluated as such. Forward-looking
statements include statements that may relate to Atos' plans, objectives,
strategies, goals, future events, future revenues or synergies, or performance,
and other information that is not historical information. Actual events or
results may differ from those described in this document due to a number of
risks and uncertainties that are described within the 2015 Registration Document
filed with the Autorité des Marchés Financiers (AMF) on April 7, 2016 under the
registration number: D.16-0300 and its update filed with the Autorité des
Marchés Financiers (AMF) on August 4, 2016 under the registration number: D.16-
0300-A01. Atos does not undertake, and specifically disclaims, any obligation or
responsibility to update or amend any of the information above except as
otherwise required by law. This document does not contain or constitute an offer
of Atos' shares for sale or an invitation or inducement to invest in Atos'
shares in France, the United States of America or any other jurisdiction.
Revenue organic growth is presented at constant scope and exchange rates.
Operating margin is presented excluding the amortization of equity based
compensation plans and free cash flow is presented excluding proceeds from
equity based compensation.
Business Units include North America (NAM: USA, Canada, and Mexico), Germany,
the UnitedKingdom & Ireland, France, Benelux & The Nordics (BTN: Belgium,
Denmark, Estonia, Finland, Luxembourg, the Netherlands, and Sweden), Worldline,
and Other Business Units including Central & Eastern Europe (CEE: Austria,
Bulgaria, Croatia, Czech Republic, Greece, Hungary, Italy, Lithuania, Poland,
Romania, Russia, Serbia, Slovakia, Switzerland, and Turkey), Iberia (Spain and
Portugal), Asia-Pacific (APAC: Australia, China, Hong Kong, India, Indonesia,
Japan, Malaysia, New Zealand, Philippines, Singapore, Taiwan, and Thailand),
South America (SAM: Argentina, Brazil, Colombia, and Uruguay), Middle East &
Africa (MEA: Algeria, Benin, Burkina Faso, Egypt, Gabon, Ivory Coast, Kingdom of
Saudi Arabia, Lebanon, Madagascar, Mali, Mauritius, Morocco, Qatar, Senegal,
South Africa, Tunisia, and UAE), Major Events, and Cloud & Enterprise Software.
Atos decided, as early as upon its acquisition, to retain only a part of the
Unify business. As a result, the Software & Platforms business, along with the
customers and the countries that were planned to be managed through indirect
channels, have been accounted for as discontinued operations since they are in
the process of being disposed. Therefore, as Atos is well engaged in the
disposal process for the Unify business it has decided to divest, financial KPIs
presented in this document reflect only the business of Unify it will ultimately
retain, unless otherwise expressly stated. The forward looking statement
regarding the Unify business to be potentially disposed of is also provided
separately. In the event that the disposal is not concluded at the latest at the
release of H1 results, the business to be potentially disposed of will
thereafter be integrated and reflected in the KPIs.
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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: ATOS via GlobeNewswire
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Datum: 22.02.2017 - 07:00 Uhr
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Diese Pressemitteilung wurde bisher 348 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"ATOS : 2016 record results"
steht unter der journalistisch-redaktionellen Verantwortung von
ATOS (Nachricht senden)
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