| | Atos Origin has announced
a decline in third
quarter revenues in the
UK, with figures falling
below previous estimates.
Revenues for the first
nine months ended 30
September were €3,972m,
compared with €4,019m for
the equivalent period
last year. After
adjusting for disposals,
mainly Nordic and Middle
East activities, for
€132m, and at constant
exchange rates, the group
generated organic growth
of +1.9%, + 5.7%
excluding the UK.
Revenues for the third
quarter ended 30
September amounted to
€1,276m, down 1.3 %.
After adjusting for
disposals and exchange
rate fluctuations, Q3
organic growth was -0.2%,
of which -18% was in the
UK and +5.1% in the rest
of the world.
For the quarter, | |
| |
| | for 2005 (starting in Q3
2005) as a result of a
good level of
fertilization on existing
clients. In the
Netherlands revenues were
up +7%, thanks to both
strong business
fertilization and new
signatures coming into
revenues. In Germany and
Central Europe, activity
remained good but with
slower growth than
previous quarters, while
the pipeline holds
several large
opportunities.
In Q3 2006, the UK
activities were down
18.1%. Half of the
decline was due to the
loss of the Metropolitan
Police contract and the
expected ramp down of the
major MOD contract, as
disclosed since the
beginning of the year.
The other half of the
decline was generalized
across all three service | |
|
| | lines, with each one
being down about 10%.
This is due to the less
favourable Euronext
comparison, as expected,
and weak short-term order
entry in consulting and
systems integration,
delays in final
negotiations on the key
Systems Integration
difficult contracts and
postponement of a few
projects into Q4.
Nevertheless, since
September, contractual
progress on new
signatures in the UK has
been good with final
signatures amounting to
€1bn from Government
Gateway, Rail Settlement
Plan, NHS Scotland, NFUM,
and DCA infrastructure.
The two regional NHS
Diagnostics Centres are
still in preferred bidder
status but should be
signed in the coming
weeks.
As a consequence, 2006 | |
|
| | organic revenue growth
will be around +1.5%, or
+4.5% excluding the UK.
Atos said that in
light of the current
situation, the decision
has been taken to tighten
the top management team
and increase the areas of
responsibility of
Dominique Illien and
Wilbert Kieboom.
Beyond management
board level changes, Atos
Origin said its top
management is currently
leading a review of the
group’s structure and
organization, in order to
further improve its
organic growth
capabilities and
operational efficiency.
The resulting
transformation plan will
be announced in January
2007, together with the
outlook for 2007.
| |
|
| | excluding the UK,
Consulting was up 13.3%
organically, Systems
Integration recorded
organic growth of 4.1%,
and Managed Operations’
organic growth was 4.9%.
In France, Germany and
EMEA, generally, there
was strong growth while
the Netherlands declined
by 2%, the company said.
In Italy there was a
slight decline due to the
focus on executing the
restructuring and
reorganisation plan.
Growth in the period was
due to better volumes,
with prices remaining
broadly stable.
In France growth
declined to +2%, as the
Euronext.Liffe contract
(booked in France) is now
in the comparable figure | |
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