Atos: Nourdine Bihmane appointed CEO – 13/07/2022 at 18:14

(AOF) – Atos has announced the strengthening of its management to carry out its strategic project. Following the announcement of Rodolphe Belmer’s resignation on June 14, the Board of Directors decided to appoint a new management team to take up their duties from today. This management team will consist of Nourdine Bihmane, Group Chief Executive Officer, with immediate effect, and co-CEO with responsibility for the Tech Foundations activity, the improvement of operational performance and in particular cash generation.

It also includes Diane Galbe, Deputy General Manager of the group responsible for managing strategic projects and all the group’s support functions.

In addition, Philippe Oliva, co-CEO with responsibility for the Digital, Big Data and Security activity, as well as acceleration and innovation plan for these growth activities. Philippe Oliva retains his office as Deputy CEO of the group.

They will carry out their respective tasks under the supervision of the Management Board and, with regard to the strategic project, of the ad hoc committee set up within it.

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Key points

– International leader in digital transformation established in 1997, European leader in cloud, cyber security and supercomputers;

– € 10.8 billion activity, divided into 3 divisions – infrastructure & data management for 54% of sales, business and platform solutions for 34% and big data & cybersecurity for 10%;

– Geographical balance between revenue: 23% of sales in North America, 25% in Northern Europe, 23% in Central Europe and 22% in Southern Europe;

– Sustainable digital transformation business model;

– Open capital (9.96% for Siemens Pension Fund and 2.2% for employees), Bertrand Meunier as Chairman of the Board of 13 members, Rodolphe Belmer as CEO;

– Solid balance with a debt / equity ratio of 28% and a leverage of 1.9, which is why management excludes any capital increase.

Challenges

– New strategy: refocus on digitization, decarbonisation, security and the cloud, which should contribute to 65% of medium-term revenue / recovery in Germany / towards the sale of on-site infrastructure and traditional data center activities, ie. 1/5. of income;

– Innovation strategy developed in 18 R & D centers with a portfolio of 3,000 patents: open innovation through partnerships with university centers (quantum computers, exascale computers, artificial intelligence, HPC, multicultural leadership, etc.), with alliances with other actors (AWS, Dell, Google, Huma, Microsoft, OVHCloud, Sparkle, etc.) and with customers / 2 scientific communities of expert collaborators in the group / Scaler program for collaboration with 50 start-ups;

– Environmental strategy supported by Digital Transformation Factory, Hybrid Cloud, “Business Accelerators” solutions, “Connected Intelligence” and “Digital Workplace” and aims to meet 3 major challenges: CO2 neutrality from 2028 and halving emissions by 2025 vs 2021 / sale of decarbonisation solutions, reinforced by the acquisition of EcoAct / investment in hydrogen supercomputers and quantum technologies / launch of the 1st “green” loan;

– Strengthening security with the acquisition of the British company Cloudreach and the opening of a sovereign security center in Bulgaria;

Visibility of the activity with an order book corresponding to 2.1 years of turnover.

Challenges

– Slowing down order intake and reducing the duration of new contracts;

– Russia-Ukraine war: low income impact (0.4%) but high in terms of workforce, services previously provided by Russia have been transferred to India and Turkey;

– Expected rapid recovery after the loss in 2021 based on rumors of takeover bids from Airbus, Orange, etc. and the listing of BDA and security activities;

– After a start to the year marked by a decline in sales, the 2022 target was confirmed, with revenues from +0.5 to + 1.5%, an operating margin of 3 to 5% and free cash flow between + € 150 million . and € 200 million.

Maximum staff turnover

Companies in the IT services sector have experienced the departure of more than 20% of their workforce in twelve months. This trend is not unusual in the sector, but it reaches an unprecedented extent in a context of strong growth and good recruitment dynamics. In addition, employees have new demands and hopes. The main criterion is the flexibility of the work and the way it is implemented in the company. The US-Indian company Cognizant saw about 35% of its 330,000 engineers leave the company in one year. Capgemini, which groups 32,000 French employees, recently suffered its first strike since 2008 with a demand for a collective increase in pay.

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