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France’s Atos Seeks Debt Restructuring Plan by July After Widening Losses


(Reuters) – French IT consulting firm Atos on Tuesday said its net loss had widened in 2023 and that it aimed to agree a debt restructuring plan by July as uncertainty looms over the group’s future.

“We are also in discussions with our financial creditors with a view to reaching a refinancing plan by July within the framework of an amicable conciliation procedure”, Atos CEO Paul Saleh said in a statement.

The company, which owns assets considered strategic by the French government and is struggling to turn around its loss-making business, posted a net loss of 3.44 billion euros ($3.73 billion) for the year ended Dec. 31 after a loss of 1.01 billion euros in 2022.

(Reporting by Augustin Turpin; Editing by Jamie Freed)

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Copyright 2024 Thomson Reuters.



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