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.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
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.
Copyright (c) 2020 CercleFinance.com. All rights reserved.