Talks to sell unit fail, earnings release postponed for audit
- Talks to sell Atos’s unit to Czech billionaire Daniel Kretinsky’s investment company end without agreement
- Annual earnings release postponed to complete audit of impairment charge
- Separate talks ongoing to sell cybersecurity unit to Airbus
- Atos remains open to other strategic options
- Atos shares fluctuate in Paris stock market
- Annual earnings release pushed back to March 20
- Atos has faced challenges and investor confidence issues in recent years
- S&P Global lowers ratings on Atos for the third time
- Atos’s net debt decreases, revenue and operating margin in line with guidance
Atos has announced that talks to sell its Tech Foundations business to Czech billionaire Daniel Kretinsky’s investment company, EP Equity Investment, have ended without an agreement. The French IT company had been in discussions with EP Equity Investment since last year, with a potential sale price of 2 billion euros. Atos is also in separate talks to sell its cybersecurity unit, Eviden, to Airbus for up to 1.8 billion euros. The company stated that it will continue to operate Tech Foundations and Eviden as separate businesses and is open to other strategic options. Meanwhile, Atos shares in the Paris stock market have been fluctuating. Additionally, Atos has postponed its annual earnings release to March 20 in order to complete an audit of a non-cash goodwill impairment charge. The company has faced challenges and investor confidence issues in recent years, including the departure of two chief executives and profit warnings. S&P Global has lowered its ratings on Atos for the third time, citing potential liquidity shortage challenges. Atos reported a decrease in net debt and slight organic revenue growth, with an operating margin in line with company guidance.
Factuality Level: 7
Factuality Justification: The article provides factual information about Atos terminating talks to sell a unit to an investment company and postponing its annual earnings release. It includes details about the termination of the deal, ongoing talks for the sale of another unit, stock performance, and financial details of the company. The article does not contain irrelevant information, misleading details, sensationalism, or bias. It presents the information objectively without any major inaccuracies or logical errors.
Noise Level: 3
Noise Justification: The article provides relevant information about Atos terminating talks to sell a unit, postponing its annual earnings release, and its financial situation. It includes details about the company’s recent challenges and financial performance. However, the article lacks in-depth analysis, antifragility considerations, and accountability of powerful people. It stays on topic and supports its claims with data, but it could provide more actionable insights or solutions.
Financial Relevance: Yes
Financial Markets Impacted: Atos
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to the financial topic of Atos, a French IT company. It discusses the termination of talks to sell a unit to an investment company and the postponement of the annual earnings release. There is no mention of an extreme event or its impact.
Public Companies: Atos (Not available), Airbus (Not available)
Key People: Daniel Kretinsky (Czech billionaire), Mauro Orru (Not available)
Reported publicly:
www.marketwatch.com 
