Atos thinks that things are getting better for it after seeing an increase in its full-year 2022 results.
Revenues climbed 4.6 per cent to €11.3 billion. While net income came in at a loss earning just over €1 billion compared with the €2.9 billion from FY21.
Those were some better numbers from last year when the outfit was forced to issue its second profit warning in seven months in its preliminary FY2021 financial figures, stating the revised guidance communicated in July 2021 will not be met due to “several significant effects”.
The following month the group announced another downward revision of its 2021 financial forecast, admitting its previous predictions issued on 10 January 2022 could not be met.
“Atos’ recovery is well underway thanks to the strong commitment and dedication of our 111,000 employees,” the company said.
“In 2022, the group returned to growth, at 1.3 per cent at constant currency, and achieved all its financial objectives with a clear improvement in all KPIs in the second half of the year.
“Evidian started to accelerate its profitable growth, and Tech Foundations delivered fast and tangible first results on its strategic roadmap, turning profitable three years ahead of plan.”
“Despite an uncertain macroeconomic context, we see a wealth of opportunities ahead of us and are confident in our capacity to continue improving our performance through 2023,” the company said.
“We are laying strong foundations for renewed success for Atos today and tomorrow, for the Evidian and the Tech Foundations perimeters.”
Atos announced plans to separate into two publicly-listed companies in June.
These two businesses, Evidian and Tech Foundations, contributed to its 2022 growth to varying degrees.
H2 became pivotal for Atos as organic growth changed course for the positive, growing 2.3 per cent, with a substantial Q4 rise of 4.6 per cent.
Evidian’s revenue came in at €5.3 billion, up 4.8 per cent at constant currency and two per cent organically, driven by the contribution of 2021 acquisitions.
The security arm of Atos was on the receiving end of a minority stake offer from the world’s largest aircraft manufacturer Airbus last month.
While Tech Foundations fell 1.6 per cent to €6 billion in 2022. Atos expects organic growth between minus one per cent and a per cent, as an acceleration of Evidian’s organic growth will be offset by the managed reduction of Tech Foundations’ revenue resulting from portfolio reshaping.
