In turmoil, Atos posts a net loss of 3.4 billion euros in 2023

The French IT group Atos, in the midst of a financial crisis, announced on Tuesday that it had recorded a net loss of 3.4 billion euros in 2023 after significant asset write-downs, while its debt worries following the failure recent sale of part of its activities. Having entered into an amicable conciliation procedure with its creditors, this former tech flagship is now aiming for “a global agreement” to restructure its debt “by July” and ensures that it has, with 2.4 billion euros of cash, enough to “cover (its) liquidity needs” until this agreement is potentially obtained.

Atos also announced on Tuesday that it wanted to present “the parameters of its refinancing framework” during the week of April 8, when it has 3.65 billion euros of loans and bonds to repay or refinance. here at the end of 2025. Last year's loss is largely due to a depreciation of assets amounting to 2.6 billion euros. This element consists of a company adjusting the value of an asset in its accounts compared to that which it previously granted it.

Also read: Atos: David Layani reveals to Le Figaro his plans to save the French group

The management of Atos, which must ensure a large part of the technological operations of the Paris Olympic Games this summer, proposed a rescue plan in 2022 including its split into two entities: Tech Foundations, which brings together the historic outsourcing activities, and Eviden, which notably includes the “big data” and security (BDS) activities, the group’s gem.

Despite Airbus' withdrawal from discussions for the acquisition of BDS last week, just a few weeks after negotiations with Czech billionaire Daniel Kretinsky for the sale of Tech Foundations, “Atos will continue to manage Tech Foundations and Eviden as two businesses. ", leveraging the strengths of their respective offerings, with a coordinated commercial strategy," the company said on Tuesday.

While Atos has supercomputers, notably used in defense and nuclear power, the French Ministry of the Economy committed last Tuesday “to building in the coming weeks a national solution to protect the strategic activities” of the group. If it was trading around 15 euros at the end of July 2023, the group's stock lost more than 80% of its value, falling below 2 euros, bringing the company's valuation to less than 200 million euros. euros.