PARIS :Atos, the struggling French IT consulting firm planning to split into two listed entities, said it expected sales at loss-making unit Tech Foundations to hit bottom in 2024.The firm, which will hold an investor day on Wednesday, said Tech Foundations - which groups its legacy IT consulting activities -
PARIS :Atos, the struggling French IT consulting firm planning to split into two listed entities, said it expected sales at loss-making unit Tech Foundations to hit bottom in 2024.
Home to assets deemed strategic by the French government, Atos is striving to regain investor confidence after several setbacks, heavy losses and sharp stock swings precipitated by governance instability that led it to propose a split-up plan. 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 and be higher than 250 million euros in 2026, Atos said in a statement.
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