Atos reassesses its cash position by more than €1 billion

(Boursier.com) — Atos SE is today publishing an estimate of its liquidity position at the end of 2024. It appears much higher than that of the business plan presented as part of its Accelerated Safeguard Plan.

This publication is part of the recurring reporting obligations defined and agreed with the Group's financial creditors. As of December 31, 2024, the estimate of Atos' liquidity position amounts to €2.191 billion, i.e. more than 1 billion euros above the cash position of 1.152 billion euros presented in the Accelerated Safeguard Plan.

It includes:
– Estimated 319 ME of customer payments received before invoice due dates, mainly from public sector customers;
– 240 ME in net proceeds from the sale of the Worldgrid activity, finalized in December 2024;
– 440 ME of undrawn revolving credit facility (RCF).

These three elements are not included in the definition of cash at the end of the financial year in the business plan of the accelerated safeguard plan, which was approved by the Specialized Commercial Court of Nanterre on October 24, 2024 (Safeguard Plan Accelerated).

Excluding these three elements, the estimate of the cash position at the end of 2024 would be 1.192 billion euros, or 40 million euros above the cash position at the end of 2024 of 1.152 billion euros presented in the Accelerated Safeguard Plan.