French company Atos sees sales of its loss-making Tech Foundations unit bottoming out in 2024

PARIS (Reuters) – Atos, the struggling French IT consultancy that plans to split into two listed entities, said it expects sales of its loss-making Tech Foundations unit to bottom out in 2024. .

The company, which will hold an investor a day later today, said Tech Foundations – which consolidates Atos’ legacy IT consulting business – will generate around 5 billion euros ($5.34 billion) in 2024. and would expand from there, two years earlier than what he announced in 2022.

Tech Foundations’ operating margin is expected to reach between 6% and 8% in 2026, while free cash flow before interest and taxes is expected to turn positive in 2025.

($1 = 0.9359 euros)

(Reporting by Mathieu Rosemain; Editing by Sudip Kar-Gupta)

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