Report
Nicolas David

Atos : Q1 does not dispel doubts on the recovery potential

>Smaller-than-expected decline in Q1 - Yesterday morning Atos reported Q1 2022 sales of € 2,747m, 2% higher than expected (ODDO BHF: € 2,696m vs consensus € 2,678m), thanks to a less marked organic decline than expected (-2.4% vs consensus -4.5% and ODDO BHF -4.0%). At first sight this reflects an impressive improvement vs Q4 2021 (-9% org.). However, it should be recalled that the final quarter of 2021 was negatively affected by two significant exceptional event...
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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