By Reuters | Updated: 26 October 2023
Oct 26 (Reuters) – French IT company Atos (ATOS.PA) on Thursday reported lower third-quarter revenue as good performance at its Eviden division was offset by the loss-making Tech Foundations unit.
Atos is in talks to sell its legacy IT division, dubbed Tech Foundations, to Czech billionaire Daniel Kretinsky, which would end its initial turnaround plan to split the group into two listed entities.
The company’s new CEO, Yves Bernaert, told reporters he would not comment on opposition lawmakers’ recent calls for the nationalisation of the ailing group, which raised doubts about the planned deal that would give Kretinsky a 7.5% stake in the remaining business, dubbed Eviden.
Oct 26 (Reuters) – French IT company Atos (ATOS.PA) on Thursday reported lower third-quarter revenue as good performance at its Eviden division was offset by the loss-making Tech Foundations unit.
Atos is in talks to sell its legacy IT division, dubbed Tech Foundations, to Czech billionaire Daniel Kretinsky, which would end its initial turnaround plan to split the group into two listed entities.
The company’s new CEO, Yves Bernaert, told reporters he would not comment on opposition lawmakers’ recent calls for the nationalisation of the ailing group, which raised doubts about the planned deal that would give Kretinsky a 7.5% stake in the remaining business, dubbed Eviden.
It still expects cash burn for the year to be about 1 billion euros.
($1 = 0.9483 euros)
© Thomson Reuters 2023
