Report
Nicolas David

Atos : Perspectives de marge et FCF mitigées mais la valorisation est déjà au tapis

>Croissance org. T4 en ligne. Objectifs annuels atteints - Atos a publié hier matin un CA T4 2020 en décroissance org. de 2.9% globalement en ligne avec les attentes (ODDO BHF : -2.7%), traduisant une nouvelle amélioration par rapport aux trimestres précédents (-3.4% au T3 ; -4.7% au T2). L’amélioration est surtout perceptible au niveau de B&PS (Application Services), dont la décroissance ressort à -7.1% (vs -8.9% au T3) alors que IDM (Infrastructure Management) voit ...
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

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