Atos announces financial results for 2019 with 11.58 billion Euro in global revenue, organic growth of 1.4 per cent

Atos, global leader in digital transformation, recently announced its FY 2019 results with revenue was 11,58 billion Euro, 1.4 per cent growth organically, particularly led by the cloud performance and big data and cybersecurity, according to a company official statement.

The company’s financial results report also stated: “In a year with much less contracts coming for renewal, the commercial dynamism of the Group was particularly high in 2019 with order entry reaching 12.2 billion Euro, representing a book to bill ratio of 106 per cent compared to 111 per cent in 2018 at constant rate. During the fourth quarter, the book to bill reached 121 per cent.

Net income from continuing operations Group share was 414 million Euro and normalized net income from continuing operations Group share reached 834 million Euro. Basic and diluted EPS both reached 3.84 Euro and normalized basic and diluted EPS both reached 7.74 Euro.

Elie Girard, CEO of Atos, said: “We completed 2019 on a strong note exceeding +2% organic growth in the fourth quarter, led by an acceleration of our performance in Cloud, and in Big Data and Cybersecurity. The dynamic commercial activity throughout the year reflects our ability to drive our clients’ enterprise-wide and end-to-end digital transformation initiatives. We also improved our operational profitability in 2019 and delivered a solid free cash flow exceeding 600 million Euro. I am proud of the dedication of the Atos teams in attaining such a performance. With the acquisition of Syntel and the disengagement from Worldline, completed earlier this month under very favorable conditions, the Group has achieved a first step in repositioning itself towards a pure digital player, while enhancing shareholder return and keeping full financial flexibility. Atos is now ready to move forward to the next step.”

According to the report, 2020 will be for Atos a year of exciting transformation, with further improvement in business and financial objectives for the year. The Group is moving to an Industry approach, developing and attracting the highest level of expertise in each Industry, reshaping its portfolio of offerings and go-to-market, to serve our customers even better and drive our culture of customer obsession even further.

This transformation initiated in 2020 also aims at addressing the latest and most prominent of our customers’ increasing digital needs, namely their cyber-protection and a step change towards decarbonization. With a renewed financial flexibility, the Group can now contemplate bolt-on acquisitions to support and accelerate this transformation, as demonstrated earlier this year with the acquisition of Maven Wave, a Cloud transformation leader based in North America. I will be delighted to present in further details our ambition and strategy for Atos, defined together with the Board of Directors, at our Analyst Day on April 22^nd.”

For 2020, the company plans to reach 2% organic growth for global revenue, operating margin rate of +20bp to 40bp vs 2019 and a free cash flow of 700 million Euro.