Buy entry at € 2,596 million
Guide to bill ratio at 96%
Profits at € 2,692 million
-1.9% at consistent forex
-three.9% organic evolution
Electronic, Cloud, Security & Decarbonization at fifty one% of income (forty six% in 2020)
Ongoing strong progress in Cybersecurity and Large Knowledge
three bolt-on acquisitions accelerating Group transformation
2021 aims confirmed
Paris, April twenty, 2021
Atos, a world chief in electronic transformation, right now announces the income of its 1st quarter of 2021.
Elie Girard, Atos CEO, reported: “After a report 12 months in 2020, professional dynamism remained good in the 1st quarter of the 12 months with a reserve-to-bill ratio of 96%, and a pipeline of offerings +14% above a 12 months ago. Even though the Group’s income lessened for the past quarter owing to the affect of Covid, down -1.9% at consistent forex as opposed to the past 12 months, our small business profile has produced progress toward Electronic, Cloud, Security, and Decarbonization with now fifty one% of Group income shipped in these strategic segments.
This small business repositioning is the final result of, 1st, our Spring transformation, and 2nd, our method of bolt-on acquisitions. In that vein, I am delighted to announce right now three new acquisitions in the fields of Electronic Producing and Product Lifecycle Management (PLM), Cryptography and Cybersecurity, and Edge and Pc Vision. In get to accelerate the alter of our small business blend, the Group will activate a third dimension and initiate a strategic portfolio critique of non-main property.
We verify the aims for the complete 12 months 2021 issued on February 18. Additionally, the Group has made the decision to have interaction into critical actions of inside transformation, aiming at enriching the company’s electronic competencies and human funds, reinforcing accountability, as nicely as implementing cultural improvements in complete regularity with our “raison d’être”.
I am grateful to all my Atos colleagues for embarking on this transformation journey with so substantially strength and enthusiasm.”
2021 Objectives
The Group confirms right now its aims for its three crucial money standards, as stated on February 18, 2021:
- Profits progress at consistent forex: +three.5% to +4.%
- Working margin price: +forty to 80bps vs . 2020
- Absolutely free funds circulation: €550m to €600m
Q1 2021 income by Field
| In € million | Q1 2021 | Q1 2020* | Evolution at consistent forex |
| Producing | 488 | 522 | -6.seven% |
| Monetary Products and services & Insurance coverage | 544 | 506 | +seven.4% |
| General public Sector & Protection | 579 | 599 | -three.2% |
| Telecom, Media & Technological innovation | 373 | 393 | -5.% |
| Means & Products and services | 395 | 421 | -6.2% |
| Healthcare & Daily life Sciences | 313 | 303 | +three.4% |
| Total | 2,692 | 2,744 | -1.9% |
| * At consistent forex |
Profits in the 1st quarter of 2021 achieved € 2,692 million, -1.9% as opposed to Q1 2020 at consistent forex, -three.9% organically.
Covid-19 was nonetheless impacting Atos small business around the quarter in spite of very good resilience in Monetary Products and services & Insurance coverage and in Healthcare & Daily life Sciences, as nicely as in Northern Europe, in Escalating Markets and in Southern Europe which is showing an encouraging restoration.
With 18% of the Group income, Producing reported a income of € 488 million, symbolizing a reduce by -6.seven% as opposed to Q1 2020 at consistent forex. The premier and most important complicated scenario was the reduction of volumes in Germany, while the scenario tended to stabilize as opposed to past quarters in other geographies.
Monetary Products and services & Insurance coverage income was € 544 million, symbolizing twenty% of the Group income. The Field grew by +seven.4% at consistent forex as opposed to Q1 2020. The activity greater in most of the geographies and was mostly driven by small business transformation initiatives in Northern Europe and new electronic banking initiatives in Escalating Markets.
General public Sector & Protection income was € 579 million symbolizing 22% of the Group income, down -three.2% at consistent forex. The reduce was primarly owing to sizeable Large Knowledge job delays to subsequent quarters as nicely as volume reduction in North The united states.
Telecom, Media & Technological innovation represented 14% of the Group income and achieved € 373 million, a decrease of -5.% at consistent forex as opposed to Q1 2020, with a contrasted functionality by geography. Even though a huge around the world contract with a world technology firm started off to generate a constructive contribution to the Field, functionality was impacted by the foundation results of some huge deals performed in 2020 and not repeated in 2021.
Profits produced by Means & Products and services in the 1st quarter of 2021 achieved € 395 million symbolizing 15% of the Group income. The Field lessened by -6.2% at consistent forex as opposed to Q1 2020 with very different trends throughout its factors. Even though a strong functionality was reported with Utilities customers, the Field remained impacted by the complicated scenario with customers working in Transportation and Hospitality in which the demand from customers proceeds to be afflicted by Covid-19.
Healthcare & Daily life Sciences income was € 313 million, up by +three.4% as opposed to Q1 2020 at consistent forex and symbolizing 12% of the Group income.
The Field grew in most geographies, notably in Northern Europe and in Central Europe, with only the exception of North The united states which did not reiterate in 2021 some huge initiatives shipped in Q1 2020.
Q1 2021 income by Regional Small business Device
| In € million | Q1 2021 | Q1 2020* | Evolution at consistent forex |
| North The united states | 564 | 622 | -9.4% |
| Northern Europe | 730 | 688 | +6.2% |
| Central Europe | 609 | 666 | -eight.5% |
| Southern Europe | 607 | 596 | +1.9% |
| Escalating Markets | 181 | 172 | +5.1% |
| Total | 2,692 | 2,744 | -1.9% |
| * At consistent forex |
Profits in North The united states achieved € 564 million, lowering by -9.4% at consistent forex. The evolution was impacted by the timing of Covid past 12 months hitting North The united states later than Europe, volume reduction in General public Sector and one particular time sales in Q1 2020, which could not be repeated. In addition some initiatives were postponed from Q1 2021 to subsequent quarters. This could not be compensated by the commencing of the ramp-up of new contracts in the Cloud and Electronic transformation as nicely as Cybersecurity areas.
Profits in Northern Europe was € 730 million, rising by +6.2% at consistent forex. Sturdy small business progress was recorded in Telecom, Media & Technological innovation as nicely as in Monetary Products and services & Insurance coverage and Healthcare & Daily life Sciences. At the very same time problems were faced by General public Sector & Protection as nicely as Means & Products and services. Producing remained steady as opposed to past 12 months.
Central Europe reported € 609 million of income, down -eight.5% at consistent forex. This mostly resulted from a nonetheless complicated scenario in the Unified Communications & Collaboration and also in Producing. Thanks to the ramp-up of a number of new contracts, Healthcare & Daily life Sciences, Means & Products and services and General public Sector & Protection recorded progress, Monetary Products and services & Insurance coverage remained virtually flat in spite of some new initiatives with huge German banking establishments.
Profits in Southern Europe achieved € 607 million, rising by +1.9% as opposed to Q1 2020 at consistent forex. The progress of the small business was mostly led by the very good functionality of General public Sector & Protection. Growth was also recorded in Monetary Products and services & Insurance coverage, Means & Products and services and Healthcare & Daily life Sciences. The scenario remained complicated in Telecom, Media & Technological innovation and to a lesser extent in Producing.
Profits achieved € 181 million in Escalating Markets, up +5.1% at consistent forex. In most of the Industries the activity was more robust with new initiatives shipped additional especially in Monetary Products and services & Insurance coverage.
Professional activity
Throughout the 1st quarter of 2021, the Group get entry achieved € 2,596 million symbolizing a Guide-to-Bill ratio of 96%, as opposed to one zero one% (at consistent forex) reached around the very same interval past 12 months.
The most important new contracts signed around the interval were notably in Northern Europe with a huge Chemical purchaser (Producing) and a European telco chief (Telecom, Media & Technological innovation), in Southern Europe with Pierre Fabre and a European chief in Pharmaceuticals (Healthcare & Daily life Sciences), a top multi-national automotive company (Producing) and a number of contracts with Transportation customers (Means & Products and services), and in Central Europe with a huge European lender (Monetary Products and services & Insurance coverage) and Bundesagentur für Arbeit (General public Sector & Protection).
Deal renewals of the quarter incorporated notably a top company in optical instruments and a huge beverage firm in Central Europe (Producing), a number of General public Sector contracts in Southern Europe, and a Telecommunications firm in Escalating marketplaces.
In line with this dynamic professional activity, the complete backlog amounted to € 23.2 billion at the end of March 2021, +eight% as opposed to March 2020 at consistent forex. It represented 2.1 years of income. The complete competent pipeline achieved € eight.4 billion, +14% as opposed to March 2020 at consistent forex. It represented 9 months of income.
Human sources
The total headcount was 104,485 at the end of March 2021, steady as opposed to 104,430 at the end of December 2020.
In the 1st quarter of 2021, the Group employed 4,215 staff, the greater part of whom in offshore and nearshore international locations.
Acquisitions
In line with its mid-time period prepare, the Group announces right now the signature of three bolt-on acquisitions. All of them belong to the strategic areas outlined by the Group to accelerate its small business blend alter:
- Electronic, via the acquisition of Processia, a professional of Product Lifecycle Management (PLM)
- Security, via the acquisition of cryptovision, specialized in Cryptography methods and products
- Large Knowledge and Analytics, via the acquisition of Ipsotek, a chief in Edge and Pc Vision methods.
North The united states Audit Adhere to-up
The Corporation produced a statement on April 1, 2021 about a number of issues associated to two US lawful entities. As a reminder, the statutory auditors recognized, as part of their 2020 audit, inside handle weaknesses around the money reporting method and income recognition in accordance with IFRS 15 top to a number of accounting glitches, as nicely as potential danger of override of controls in this respect.
The two US lawful entities signify eleven% of 2020 Group income, they are not associated to Syntel.
In spite of the additional audit processes carried out by the statutory auditors in these conditions, they were not ready to accomplish within just the timeframe the needed perform to get sufficient appropriate audit proof in respect of income recognition or other associated account balances of these two US entities and on the absence of materials misstatements for the consolidated money statements. As a final result, the statutory auditors issued a com
petent opinion owing to a limitation of scope on the consolidated money statements for the 12 months 2020.
As of right now the Group has not recognized materials misstatements for the 2020 consolidated money statements. On the other hand, the conjunction of a number of accounting glitches and inside handle weaknesses deserves a major aim and abide by-up by the Group. Therefore, the Corporation has made the decision to conduct a complete accounting critique of the two US lawful entities and will give a standing update at the time of H1 success.
A strong remediation and prevention prepare has been designed underneath the management of the Group General Secretary and is getting implemented. It addresses areas this kind of as preventive controls, recommendations and documentation, Human Means critique, skilling and business as nicely as consciousness and education. Complementary assessment is ongoing to be certain that the prepare is exhaustive.
Appendix
Profits at consistent scope and exchange costs reconciliation
| In € million | Q1 2021 | Q1 2020 | % alter |
| Statutory income | 2,692 | 2,834 | -5.% |
| Trade costs influence | -ninety | ||
| Profits at consistent exchange costs | 2,692 | 2,744 | -1.9% |
| Scope influence | 60 | ||
| Trade costs influence on obtained/disposed perimeters | -three | ||
| Profits at consistent scope and exchange costs | 2,692 | 2,801 | -three.9% |
Scope results amounted to €+fifty seven million for income. They are mostly associated to:
- the acquisitions shut in 2020 and Q1 2021 for €+67 million
- the disposal of some precise Unified Interaction & Collaboration pursuits and Wivertis GmBH in 2020, amounting to a total of €-ten million.
Currency exchange costs results negatively contributed to income for €-ninety million. They mostly came from the depreciation of the American dollar, the Pound sterling and the Brazilian serious in opposition to the Euro around the interval.
Convention contact
Nowadays, Tuesday, April twenty, 2021, the Group will keep a conference contact in English at 08:00 am (CET – Paris), chaired by Elie Girard, CEO, in get to comment on Atos’ Q1 2021 income and remedy queries from the money community.
You can sign up for the webcast of the conference:
- on web, in the Buyers area
- by telephone with the dial-in, ten minutes prior the setting up time. Make sure you take note that if you want to sign up for the webcast by telephone, you must sign-up in progress of the conference using the next url:
http://emea.directeventreg.com/registration/8716748
On registration, you will be provided with Participant Dial In Quantities, a Immediate Event Passcode and a one of a kind Registrant ID. Call reminders will also be sent through e-mail the working day prior to the celebration.
Throughout the ten minutes prior to the commencing of the contact, you will want to use the conference obtain data provided in the e-mail acquired upon registration.
Soon after the conference, a replay of the webcast will be out there on atos.web, in the Buyers area.
Forthcoming gatherings
May well 12, 2021 Annual General Meeting
July 28, 2021 First semester 2021 success
Oct 21, 2021 Third quarter 2021 income
Down load the push release in pdf
Contacts
Trader Relations: Gilles Arditti +33 6 eleven sixty nine eighty one 74 [email protected]
Media: Anette Rey +33 6 sixty nine 79 84 88 [email protected]
About Atos
Atos is a world chief in electronic transformation with a hundred and five,000 employees and yearly income of around € eleven billion. European variety one particular in cybersecurity, cloud and superior functionality computing, the Group provides customized end-to-end methods for all industries in seventy one international locations. A pioneer in decarbonization products and services and products, Atos is fully commited to a secure and decarbonized electronic for its customers. Atos operates underneath the makes Atos and Atos|Syntel. Atos is a SE (Societas Europaea), stated on the CAC40 Paris stock index.
The function of Atos is to help structure the future of the data area. Its experience and products and services support the development of awareness, education and research in a multicultural strategy and lead to the development of scientific and technological excellence. Throughout the globe, the Group permits its customers and employees, and users of societies at huge to reside, perform and establish sustainably, in a harmless and secure data area.
Disclaimers
This document is made up of ahead-wanting statements that contain risks and uncertainties, which includes references, concerning the Group’s predicted progress and profitability in the future which may considerably affect the predicted functionality indicated in the ahead-wanting statements. These risks and uncertainties are joined to variables out of the handle of the Corporation and not specifically approximated, this kind of as market ailments or rivals behaviors. Any ahead-wanting statements produced in this document are statements about Atos’ beliefs and anticipations and need to be evaluated as this kind of. Forward-wanting statements include statements that may relate to Atos’ ideas, aims, techniques, aims, future gatherings, future revenues or synergies, or functionality, and other data that is not historic data. True gatherings or success may vary from these described in this document owing to a variety of risks and uncertainties that are described in the 2020 Common Registration Doc filed with the Autorité des Marchés Financiers (AMF) on April seven, 2021 underneath the registration variety D.21-0269. Atos does not undertake, and specially disclaims, any obligation or accountability to update or amend any of the data above except as otherwise necessary by legislation. This document does not comprise or constitute an offer you of Atos’ shares for sale or an invitation or inducement to commit in Atos’ shares in France, the United States of The united states or any other jurisdiction.
Atos consolidated and statutory money statements for the 12 months ended December 31, 2020, were permitted by the Board of Directors on February seventeen, 2021. Subsequent their audit processes on the consolidated money statements for the 12 months ended December 31, 2020, the statutory auditors issued on April 1, 2021 a competent opinion owin
g to a limitation on the scope of the audit as two US lawful entities symbolizing eleven% of 2020 consolidated income that have to have additional diligences. For the sake of clarity, except for the qualification incorporated in the statutory auditors’ report on the consolidated money statements for the 12 months ended December 31, 2020, the Group consolidated money statements are audited and the money statements incorporated in the Common Registration Doc are unchanged as opposed to the model released by the Corporation on February 18, 2021. As of right now, the Group has not recognized misstatements on the two US entities that are materials for the consolidated money statements.
Profits organic progress is offered at consistent scope and exchange costs.
Industries include Producing (Aerospace, Automotive, Chemical substances, Consumer Packaged Products (Food items & Beverage), Discrete Producing, Approach Industries, Products and services and Siemens), Monetary Products and services & Insurance coverage (Insurance coverage, Banking & Monetary Products and services, and Small business Transformation Products and services), General public Sector & Protection (Protection, Schooling, Extraterritorial Organizations, General public Administration, General public Community Products and services and Big Gatherings), Telecom, Media & Technological innovation (High Tech & Engineering, Media, and Telecom), Means & Products and services (Power, Retail, Transportation & Hospitality, and Utilities) and Healthcare & Daily life Sciences (Healthcare and Pharmaceutical).
Regional Small business Units include North The united states (United states, Canada, Guatemala and Mexico), Northern Europe (United Kingdom & Eire, Belgium, Denmark, Estonia, Belarus, Finland, Lithuania, Luxembourg, The Netherlands, Poland, Russia, and Sweden), Central Europe (Germany, Austria, Bulgaria, Bosnia, Croatia, Czech Republic, Greece, Hungary, Romania, Serbia, Slovenia, Slovakia, Israel, and Switzerland), Southern Europe (France, Andorra, Spain, Portugal, and Italy) and Escalating Markets which includes Asia-Pacific (Australia, China, Hong Kong, India, Japan, Malaysia, New Zealand, Philippines, Singapore, Taiwan, and Thailand), South The united states (Argentina, Brazil, Chile, Colombia, Uruguay, and Peru), Middle East & Africa (Algeria, Benin, Burkina Faso, Egypt, Gabon, Ivory Coastline, Kenya, Kingdom of Saudi Arabia, Madagascar, Mali, Mauritius, Morocco, Qatar, Senegal, South Africa, Tunisia, Turkey and UAE), Big Gatherings and Global Shipping Facilities.