Atos: operating margin falls in first half
(CercleFinance.com) - Atos has posted a normalised EPS of 2.
93 euros for the first six months of 2020, compared to 3.21 euros (for continuing operations) in H1 2019, and an operating margin of 8.0% of sales, down 110 basis points.
The IT services group's H1 sales came in at 5,627 million euros, down 2.8% LFL (-4.8% in Q2), with a book-to-bill ratio of 112%.
Atos confirms that all of its forecasts for 2020, including organic sales that are down by between -2% and -4%, an operating margin of 9% to 9.5% and a free cash flow of 500-600 million euros.
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