Thierry Breton defends his record at Atos

Thierry Breton defends his record at Atos
Thierry Breton defends his record at Atos

While Atos is in serious difficulty, the current European Commissioner for Internal Trade and former manager of Atos Thierry Breton was keen to remind on BFMTV and RMC that the French group had “no net debt for the entire duration of [son] mandate”.

He believes he is not responsible. While Atos must find, by August, a solution to its debt of 4.9 billion euros, Thierry Breton once again rejected this Monday on BFMTV and RMC any responsibility in the fiasco of the colossus at foot of clay.

“When I left the company (in 2019, Editor’s note), it was number 1 in cybersecurity, supercomputers, in the private cloud, in the manufacturing and management of data centers,” he said. to remind.

An observation far from being shared by everyone. In the information mission on the health and future of the French group, the four senators from all sides pointed out certain choices of the European Commissioner for Internal Trade. “The frequency and number of acquisitions, their purchase price and financing or even the speed and execution of restructuring”, as well as the delay in certain subjects such as the public cloud are presented as factors in the rout .

“Zero net debt”?

“All acquisitions were financed by Atos. The last two years we acquired Syntel, whose purchase was fully reimbursed, rejects the former Minister of the Economy. We had zero net debt during my entire term in office.”

An argument that is difficult to pass internally. “Some believe that this indicator had been artificially inflated by the result of the proceeds from the sale of Worldine,” reports Le Figaro.

Thierry Breton emphasizes that the company continued to perform two years after his departure.

Then, “there were attempts at major acquisitions which went badly. The company began to lose the confidence of the markets. Five general managers succeeded one another”, lists the former CEO of the French group.

On this point, the arguments of the current European Commissioner agree with the conclusions of the senators. The latter believe that the “ill-prepared” succession of Thierry Breton has led to a period of instability “leaving the hand to short-term financial logic, rather than long-term industrial logic”.

Thierry Breton also returned to the news from the French giant. While three financial restructuring offers were accepted by Atos managers, and the State is committed to saving the group’s “strategic activities”, the former CEO is delighted “that we are in the process of find a solution”.

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