French IT group Atos cuts its sales and cash flow targets
PARIS, Sept 2 (Reuters) -French IT firm Atos ATOS.PA on Monday said it would have less cash at hand over the next few years as sales are being dragged down by a weaker business environment, but added this would not impact the key terms of its financial restructuring plan.
Atos now sees a full-year 2024 group revenue of 9.7 billion euros ($10.72 billion), down from 9.8 billion euros previously estimated. The company added it still saw positive, but somewhat lower, cash generation in 2026.
($1 = 0.9048 euros)
Reporting by Tassilo Hummel;
Editing by Sudip Kar-Gupta
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