Highlights:
- Strong commercial activity in Q2 with 127% book to bill ratio
- Revenue: € 4,176 million
- Operating margin: € 275 million, increased by +20bps to 6.6%
- Net income Group share: € 76 million
- Free cash flow: € 124 million
Atos today announced its results for the first half of 2014. Revenue was € 4,176 million, representing an organic evolution of -1.9% compared to the first half of 2013. Operating margin was € 274.6 million, representing 6.6% of revenue, an improvement of +20bps compared to the same period last year. The Group generated € 124 million of free cash flow in the first half of 2014. Net cash position was € 845 million at the end of June 2014 including € 628 million restricted cash for the Bull acquisition (excluding € 639 million from the Worldline IPO received in July). Order entry was € 4,360 million, representing a book to bill ratio of 104% for the first half of the year. Net income Group share was € 76 million.
Thierry Breton, Chairman and CEO of Atos said: “The first half of this year was particularly active for the Group. We started to roll out our three-year plan with the completion of the Worldline IPO and by strengthening our skills and technologies in innovative offerings through the planned acquisition of Bull. As part of the Tier One Program, we also launched numerous actions to improve our efficiency and the Group continued to improve its operating margin. As planned, in what was still a slow economic environment we significantly increased our order entry during the second quarter, notably by signing new contracts worth € 500 million in June. This shows a strong commercial momentum which is expected to accelerate during the second half of the year. Over the long term, all these actions will position Atos to drive growth and deliver higher value for its stakeholders.”
To view an unabridged version of this press release, visit: http://atos.net/en-us/home/we-are/news/press-release/2014/pr-2014_07_29_01.html