Atos - Registration Document 2016

E Financial E.1

Operational review

Business & PlatformSolutions

E.1.3.2

2015*

2016

%organic

(In € million)

Revenue

3,194 206.1 6.5%

3,169 199.1 6.3%

+0.8%

Operating margin

Operating margin rate

At constant scope and exchange rates. *

Business & Platform Solutions revenue reached € 3,194 million, was fueled by new Digital Transformation contracts. up +0.8% at constant scope and exchange rates. The business contracts won with Telefonica/O2 and Vodafone, combined with Germany highly contributed to the growth thanks to new incremental services at BMW and Airbus. France also benefited manufacturers. from additional projects and volumes with French banks and car in Switzerland, new signatures in Italy, and volumes ramp-up In Other Business Units, growth was generated by new projects Nordics as those two geographies managed to mitigate this base case in the United Kingdom & Ireland and in Benelux & The with customers such as Metropolitan Police in the UK and in the effect by new contracts signed and delivered during the year Telco sector in the Netherlands. contracts ended in 2015 such as Toronto Pan American Games, in Turkey. Revenue in North America was impacted by some Schlumberger and Daimler. To a lesser extent, this was also the not offset the base effect of one large contract delivered in 2015 with new clients in South America. This business increase could

BY GEOGRAPHY BUSINESS & PLATFORMSOLUTIONS REVENUE PROFILE

France 27%

Other countries 31%

United-Kingdom & Ireland 11%

Germany 18%

Benelux & The Nordics 13%

first step of profitability turnaround of the Division was achieved positively impacted the operating margin last year. Overall, this planned operating margin catch up. while investing in innovation and new offerings to enhance the Middle-East & Africa and Asia Pacific areas had to cope with a projects delivered last year in Turkey and Slovakia. Finally, base effect from non-recurring items in offshored activities which the comparison basis with the successful completion of large France. Conversely, Central & Eastern Europe was affected by year at constant scope and exchange (+40 basis points successful workforce improvement actions in most of the mature excluding pension effects) was mainly attributable to the business recovery through additional volumes in Germany and in geographies, including Germany, France, the UK and Iberia, and revenue. The improvement of +20 basis points compared to last Operating margin was € 206.1 million , representing 6.5% of

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