PierreK schreef op 19 mei 2025 12:58:
In iedergeval één analyse.
Wel een beetje weinig maar ja.
Bernstein says French IT group Atos is heading in the right direction after its crucial restructuring but there are still some elements leaving the broker sceptical
"We applaud the way the company has reorganized its assets internally," it says after Wednesday's capital markets day event
Atos now sees revenue reaching up to 9-10 billion euros ($10-$11 billion) in 2028, with an operating margin of 10%
Sale of mission critical systems unit is now on hold, with the prospect of winning major defence contracts in Europe, Bernstein notes
However, Bernstein analysts remain cautious about Atos' revenue trajectory and ability to improve FCF without reliance on working capital reductions
"While we are not ruling out a successful turnaround at Atos, we need more evidence to be fully convinced that this can be achieved," it says
It raises its target price by 38% to 27 euros from 19.5 euros