Atos today announced its 2013 annual results.
Thierry Breton, Chairman and CEO of Atos said: “In 2013, we completed the three-year plan announced in December 2010. As expected, profitability improved significantly with operating margin increasing to 7.5% of revenue, free cash flow totaled more than €350 million, and earning per share was up +50% compared to 2011. During this period the Group focused on cash generation leading to a net cash position above €900 million at the end of 2013.
These results demonstrate that the Group has the track record and now the financial means to deliver its 2016 strategic plan, approved by 99.6% of shareholders in December 2013. Leveraging both our IT services and payments businesses, the priority of the new three-year plan is to deliver profitable growth and to increase operating margin by +100bps to +200bps by 2016.
We confirm our ambition to complete the IPO(*1) of Worldline in 2014, to accelerate its development and to play a leading role in the consolidation of the European payments market. Looking at 2014, we have started the year with a solid backlog and we have streamlined the Group organization to further increase our efficiency.”
To view an unabridged version of this press release, visit: http://atos.net/en-us/home/we-are/news/press-release/2014/pr-2014_02_19_01.html