Q1 2026 Atos SE Earnings Call Transcript
Key Points
- Atos SE (WBO:ATO2) reported a solid financial performance in Q1 2026, with a positive business momentum and the highest book-to-bill ratio in the last five years.
- The Genesis plan is progressing well, with the initial phase expected to be completed by mid-2026, and an extended plan aiming for additional savings by the end of 2026.
- The company has a strong focus on strategic pillars such as Agentic AI, Sovereign, and Cybersecurity, with Atos being the number one in Cybersecurity in Europe.
- Order entry for Q1 2026 was EUR 1.5 billion, indicating strong demand and a robust pipeline of future business.
- Atos SE (WBO:ATO2) has successfully renewed significant contracts, including a $480 million contract with CNA in the US, and a EUR 48 million contract with OBB in Austria, showcasing strong client relationships and business continuity.
- Revenue for Q1 2026 was EUR 1.7 billion, reflecting a decline of approximately 11% compared to the previous year, indicating challenges in maintaining top-line growth.
- The company faced a weak start in North America, with economic sentiment being challenging, impacting revenue negatively.
- Atos SE (WBO:ATO2) anticipates a negative organic growth for 2026, with guidance revised to a range between -1% and -5%.
- The company is experiencing cash consumption challenges, with a net change in cash of approximately -EUR 47 million in Q1 2026.
- The ongoing geopolitical situation, particularly the war, has negatively impacted order entry for Eviden, a part of Atos SE (WBO:ATO2), affecting overall business performance.
Good day, and thank you for standing by. Welcome to Atos Group Q1 2026 performance conference call. (Operator Instructions) Please be advised that today's call is being recorded.
I would now like to hand the conference over to your first speaker today, Mr. Philippe Salle, Group Chairman and CEO. Thank you. Please go ahead, sir.
Thank you very much. Good morning, everybody. I am today with Jacques-Francois, and we're going to talk about Q1. So let's go directly on page 6, on the business highlights. So first point is solid financial performance.
I think we are quite happy, let's say, with the start of the year. We have always said that's the lowest point of the year. And then we gradually, I would say, improve the growth. Further progress in the execution of the Genesis plan.
So the Genesis is doing also very well. We will finish the first Genesis plan probably by mid of this year. And we have extended the plan, I would say, with another savings to be finished probably
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