Edition:
India

Atos Aims At Revenue Growth Of 5%-7% Mid-Term


Monday, 27 Jul 2020 

July 27 (Reuters) - Econocom Group SE ::SIGNED AGREEMENT TO ACQUIRE ECOACT; CLOSING OF TRANSACTIONIS EXPECTED TO TAKE PLACE IN H2 .ENTERED INTO EXCLUSIVE NEGOTIATIONS TO ACQUIRE DIGITAL.SECURITY, UNIT OF ECONOCOM GROUP; CLOSING OF TRANSACTION IS EXPECTED TO TAKE PLACE BEFORE END OF YEAR .H1 REVENUE AT EUR 5.63 BILLION, -2.8% ORGANICALLY (Q2 AT -4.8%).H1 OPERATING INCOME EUR 362 MILLION.H1 NET INCOME REPORTED EUR 329 MILLION.END H1 WORKING CAPITAL TIMING EFFECTS LEADING TO FREE CASH FLOW AT EUR -172 MILLION.ORDER ENTRY REACHED EUR 6.28 BILLION UP +9.4% YEAR-ON-YEAR, BOOK TO BILL RATIO AT 112% (Q2 AT 121%).AT JUNE 30, 2020 GROUP NET DEBT POSITION EUR 779 MILLION, COMPARED TO EUR 1.74 BILLION AS OF DECEMBER 31, 2019.CONFIRMS ALL ITS OBJECTIVES FOR 2020.MID-TERM TARGETS: REVENUE GROWTH AT CONSTANT CURRENCY: +5% TO+7%.MID-TERM TARGETS: OPERATING MARGIN RATE: 11% TO 12% OF REVENUE.MID-TERM TARGETS: FREE CASH FLOW: AN OPERATING MARGIN CONVERSIONRATE TO FREE CASH FLOW ABOVE 60%. 

Company Quote

2.415
-0.13 -5.11%
25 Sep 2020