Report
Nicolas David ...
  • Salma Bouraoui

Atos : Legitimate fall in the share price but still strong upside potential

>The debate over sales of receivables is legitimate in our view - Since 2013, Atos has put in place customer financial arrangements to manage its WCR. These arrangements consist of sales of receivables with no recourse to financial institutions, allowing the group to collect cash on these receivables directly and therefore reduce its Days Sales Outstanding (DSO). These arrangements are important in Atos’ operations as they offset the underlying increase in DSO that ar...
Underlying
ATOSS Software AG

Atoss Software is the parent company of the ATOSS Group. Through ATOSS Group, Co. is engaged in the creation, sale and implementation of software solutions directed towards the deployment of personnel and workforce management. As a provider of solutions for issues of time and attendance management and workforce scheduling, Co.'s software solutions are comprised of software licenses, maintenance services, consulting services and the supply of hardware for time recording and access control purposes, which are provided to customers as packages. Co.'s individual software solutions are comprised of ATOSS Staff Efficiency Suite, ATOSS Startup Edition, and ATOSS Time Control.

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

Salma Bouraoui

Other Reports on these Companies
Other Reports from Oddo BHF

ResearchPool Subscriptions

Get the most out of your insights

Get in touch