Atos - Registration Document 2016

E Financial E.1

Operational review

North America

E.1.4.1

Revenue reached € 2,061 million or +4.5% organically. This growth was attributable to Infrastructure & Data Management and to a lesser extent to Big Data &Cyber-security.

2015*

2016

%organic

(In € million)

Revenue

2,061 240.8 11.7%

1,972 182.9 9.3%

+4.5%

Operating margin

Operating margin rate

At constant scope and exchange rates. *

Information Resources and the evolution of contractual terms due to additional business with the Texas department of benefitted both from a new contract with a leading biotechnology with a Californian County. Manufacturing, Retail & Transportation including Xerox, which more than offset lower volumes in company and ramp-ups with several existing customers led the growth through large contracts such as Disney and In Infrastructure & Data Management, Telco, Media & Utilities Microsoft. The Public Sector posted a solid performance notably

the Division did not benefit like in the prior year from periodic specific events such as the 2015 Toronto Pan-American Games. The launch of Big Data & Cybersecurity business in the US in revenue growth mainly in Manufacturing, Retail & 2015 materialized in several new signatures and a continued Transportation. Management Division thanks to a more technological revenue operating margin grew significantly in Infrastructure & Data mix (Digital Transformation) and continued savings from Xerox Profitability improved in North America to 11.7% of revenue as ITO integration synergies.

Manufacturing.

In 2016, Business & Platform Solutions faced decreasing business and termination of non-profitable contracts. In addition, volumes resulting for instance from a client’s divested scope of

Germany

E.1.4.2

2015*

2016

%organic

(In € million)

Revenue

1,954 200.9 10.3%

1,856 138.7 7.5%

+5.3%

Operating margin

Operating margin rate

At constant scope and exchange rates. *

million in 2016, up +5.3% compared to last year on a Germany posted a strong revenue performance at € 1,954 semester was confirmed as the second half-year showed like-for-like basis. The positive trend recorded in the first recorded a positive revenue growth. strengthened performance at +5.6%. All Divisions and markets Infrastructure & Data Management growth was mainly fueled by contract with Rheinmetall won in Q3 and the ramp-up of BASF Manufacturing, Retail & Transportation market, where the new customers. In Public & Health, the improvement mainly derived largely offset the effect of reduced scope with some large administrations. While the Telecom sector benefitted from new from increasing activity in Unify CCS with various local the back of increased projects with Deutsche Bank. contracts with Telefonica, Financial Services also slightly grew on

Retail & Transportation also showed a strong performance, contracts with Telefonica/O2 and Vodafone. Manufacturing, as Airbus and BMW, combined with increased project activity driven by additional services provided to large customers such Justice, and by the Telecom sector, benefitting mainly from new double digit growth led by higher volumes with the Ministry of to a new contract with Deutsche Bank. with Siemens. Financial Services were slightly improving thanks successful strategy currently implemented by the new growth with all the markets turning to positive, reflecting the fueled by the Public & Health sector, which posted a strong management team appointed last year. Growth was mainly Business & Platform Solutions achieved an almost double digit

Trusted partner for your Digital Journey

126