Article’s title: Atos finalize its financial restructuring, says confident in its medium-term strategy
The article reports that Atos, a French multinational information technology company, has completed its financial restructuring. The company has raised 1.8 billion euros through a debt-to-equity swap, which will help reduce its debt by 1.1 billion euros. Atos has also sold its entire stake in Worldline, a payment services provider, for 2.3 billion euros. The funds raised through these transactions will be used to reduce Atos’s debt and finance its growth initiatives.
Atos’s CEO, Rodolphe Belmer, has expressed confidence in the company’s medium-term strategy. He has outlined a plan to focus on three key areas – decarbonization, digital transformation, and cybersecurity – and has set a target to achieve an operating margin of 12-13% by 2023. The company also aims to increase its revenue from digital and cloud services to 60% of its total revenue by 2023.
In summary, Atos has completed its financial restructuring, raised funds through a debt-to-equity swap and the sale of its stake in Worldline, and has expressed confidence in its medium-term strategy. The company plans to focus on decarbonization, digital transformation, and cybersecurity and aims to achieve an operating margin of 12-13% by 2023.