Atos is in an infernal spiral pushing it to postpone its restructuring plans to take into account a situation which continues to deteriorate. Just fifteen days after announcing that it would have to halve its debt of 4.8 billion euros and seek to raise 1.2 billion in additional cash, the former flagship is already revising these assumptions at the end of a first quarter even worse than expected.
The company is forced to review its 2024-2027 outlook and is already warning of a possible “increase in the need for new liquidity and potentially additional debt reduction”. The exact figures will not be announced until the beginning of next week, which will only leave a few more days for potential buyers in the running to decide. David Layani, Daniel Kretinsky, CGI, and the creditors must submit their offers before May 3.