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