Atos : Disappointing Q3 sales. Adjustment to forecasts but reassuring 2019e FCF
>Disappointing Q3 2018 due to IDM in Germany and to the US - Atos yesterday morning before the market open reported Q3 sales of € 2,884m, reflecting organic growth of +0.1%, below expectations (Oddo BHF: +1.8%; consensus: +1.9%) and a further slowdown on the previous quarters (+2.0% in Q1; +1.5% in Q2). This disappointing performance is linked to the infrastructure & data management (IDM) division, which posted an organic contraction of -4.7% (vs -1.7% in Q2) due...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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