Atos Secures Court Approval for Accelerated Safeguard Plan

The French tech giant aims to restructure by January 2025 after a challenging financial period.

Atos has received court approval for its accelerated safeguard plan, crucial for its financial recovery.
The company reported a 10.5% drop in revenue for Q3 2024, with significant declines in its cybersecurity and IT services divisions.
The restructuring plan includes reducing debt by €3 billion and involves a substantial dilution of shareholder equity.
Atos lost a major contract with the Olympic Games to Deloitte, affecting its order intake, which fell by over 30% in Q3.
Discussions with the French government over the sale of strategic assets continue, amid concerns about foreign ownership.