French company Atos sees sales at loss-making unit Tech Foundations to hit bottom in 2024

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 66%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

PARIS : Atos, the struggling French IT consulting firm that is planning to split up into two listed entities, said it expected sales at its loss-making unit Tech Foundations to hit the bottom in 2024. The firm, which will hold an investor day later in the day, said that Tech Foundations - which regroups A

PARIS : Atos, the struggling French IT consulting firm that is planning to split up into two listed entities, said it expected sales at its loss-making unit Tech Foundations to hit the bottom in 2024.

The firm, which will hold an investor day later in the day, said that Tech Foundations - which regroups Atos' IT consulting legacy activities - would generate around 5 billion euros in 2024 and grow from there, two years earlier than what it announced in 2022. Tech Foundations' operating margin is expected to reach between 6 per cent and 8 per cent in 2026, while free cash flow before interest and tax is expected to turn positive in 2025.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG

Singapore Singapore Latest News, Singapore Singapore Headlines