| Atos Origin ends takeover talks and reports rise in revenues |
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| | Atos Origin is to
continue the
implementation of its
transformation plan on
its own.
While announcing its
unaudited revenues for
the three months ended
31 March 2007, the
company said it has now
finalised the review of
strategic options, and
has terminated all
discussions with third
parties. No binding
offers had been received
at the end of the period
set by the company, and
the Supervisory and
Management Boards
unanimously concluded
that it was in the best
interest of all group
stakeholders to pursue
and accelerate the
transformation strategy | |
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| | as much as 16.4% in
heavy volume after a
delayed start to trading
caused by an automatic
trading suspension.
Atos Origin said it
is fully committed to
the implementation of
its transformation plan,
with three objectives
over three years:
firstly to accelerate
organic growth; secondly
to improve efficiency;
and thirdly to operate
as a global company.
Revenues for the
three months amounted to
€1.435bn, representing a
6.9% increase on a
reported basis and a
2.5% increase on a
constant scope and
exchange rate basis.
Revenue growth was above
expectations for the | |
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| | quarter, thereby
underpinning the group's
objective of 8.5% top
line growth in 2007.
Bernard Bourigeaud,
CEO of Atos Origin,
said: "We confirm our
target of doubling our
operating margin in
absolute value by end
2009, and with a solid
client base, strong
recurring revenues and a
healthy financial
situation we look to the
future with confidence."
Execution of the
transformation plan is
already enjoying solid
momentum, Atos said,
notably in global
offshoring where the
initial 2009 target of
6,100 staff has been
increased to 8,000 based
on increased demand from | |
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| | major country
organisations.
The integration of
Banksys is also
proceeding ahead of
plan. The Group will
look to further
accelerate its
development in the
payment segment and to
participate in the
consolidation of the
sector, building on its
successful Atos
Worldline activity,
already a pan-European
leader.
Atos Origin is also
exploring opportunities
to strengthen its
presence in Asia.
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| | the company announced in
February of this year.
Media reports, citing
unnamed sources close to
the deal, said the talks
collapsed on price. Atos
Origin didn't comment on
the reason for the
failed negotiations.
The decision, which
ends lengthy on-off
negotiations with
potential buyers ranging
from private equity
firms to industrial
buyers, including
domestic rival
Capgemini, plummeted the
company's share price by | |
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