Atos : What to think of the 2020 accounts situation?
>Our understanding of the 2020 accounts situation - On Thursday, Atos issued a press release announcing the reservation of auditors on the 2020 accounts regarding the audit of two US legal entities representing 11% of sales and 9% of the consolidated margin and requiring further work.We understand that Atos’ auditors observed weaknesses in in-house control procedures as well as booking errors regarding the sales of these two entities with legacy businesses (mainl...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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