Atos : Confirmation of “recovery” in H2. Buy rating reiterated
>Q3 2020 organic growth in line with expectations at -3.5% - Atos reported Q3 2020 sales of € 2,644m, in line with expectations (Oddo BHF: € 2,706m; consensus: € 2,643m). Organic growth reached -3.5%, in line with expectations (consensus: -3.5%; ODDO BHF: -3.7) and reflecting an acceleration compared to the previous quarter (-4.8% in Q2). As expected, this acceleration was driven by the recovery of IDM (-2.9% organic growth vs -4.2% organic growth in Q2) thanks to a ...Atos is an international information technology services company operating in 52 countries. Co.'s customers are sectors like Public Sector and Utilities, Telecoms and Media, Financial Services, Process Industries and Discrete Manufacturing and Consumer Products and Retail. Co. operates in seven geographical segments: Germany; France; Benelux and The Nordics; U.K. and Ireland; Atos Worldline; Central & Eastern Europe; North America; Iberia; and Other Countries. Co. delivers IT services through the following five segments: Managed Services, Systems Integration, Consulting, Worldline: ePayment Services, and Cloud & Enterprise Software.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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