Report
Nicolas David

Atos : Projet de cession de TFCo et d’augmentation de capital de 900 M€ mais (nouvelle) mauvaise surprise sur le bilan

>Vers une cession de TFCo à Daniel Kretínský pour 100 M€ hors BFR… - Atos a annoncé hier être entré en négociations exclusives avec EPEI (holding de Daniel Kretínský) en vue de la cession de Tech Foundations (TFCo). La valorisation retenue est de 2.0 Md€ en valeur d’entreprise, incluant 0.8 Md€ d’engagements de leasing. Cela fait ressortir une EV de 1.2 Md€ hors leasing, soit un ratio de VE/EBITDA 23e de 2.3x, en ligne avec les chiffres retenus dans notre SOTP. Après...
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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