Report
Nicolas David

Atos : New (and final?) clean-out of the accounts

>Significant asset impairments but a limited economic impact - Atos announced yesterday evening that 2021 earnings would be affected, below the operating profit line, by significant one-off charges for a total amount of € 2.4bn: i/ € 1.3bn goodwill impairment on legacy activities. Syntel, which represented a large share of Atos’s € 6.1bn in goodwill at the end of 2020, is fortunately not affected.ii/ € 0.5bn in IT asset impairments relating to legacy busines...
Underlying
Atos SE

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Nicolas David

Other Reports on these Companies
Other Reports from Oddo BHF

ResearchPool Subscriptions

Get the most out of your insights

Get in touch