Atos - Registration Document 2016

E Financial E.1

Operational review

Ministry of Defense. A stronger activity was performed in for less projects in the Energy sector. Telecom, Media & Utilities with several customers compensating Big Data & Cybersecurity continued its solid performance thanks increasing demand from the Ministry of Defense, the CEA to a sustained activity in the Public & Health Market, with an and the Ministry of Interior. (Commission for Atomic Energy and Alternative Energies), EDF, of revenue, improving by +120 basis points. Profitability Operating margin reached € 125.4 million, representing 7.3% improved in all Divisions, more particularly in Infrastructure &

increase in the utilization rate of staff thanks to a more efficient thanks to the positive revenue growth combined with an reassign staff between two customer contracts. Finally, Big Data workforce management which reduced the average time to added value of products sold and services rendered by the & Cybersecurity performance was also up thanks to a higher coming from cross-selling. Division to its existing customers but also to its new clients Operating margin in Business & Platform Solutions increased Data Management, driven by strong cost savings actions.

Benelux & The Nordics

E.1.4.5

2015*

2016

%organic

(In € million)

Revenue

986 71.5 7.3%

1,064 98.4 9.2%

-7.3%

Operating margin

Operating margin rate

At constant scope and exchange rates. *

At € 986 million, revenue was down -7.3% organically. Over management team with the objective to impulse a new sales the summer, the Group decided to appoint a new executive

Public & Health impacted by less projects. dynamics. Still, the Division managed to slightly improve the Division - recording a positive growth thanks to a solid sales markets, the situation remained challenging more particularly in situation thanks to new contracts signed in Telco. In the other from a strong cost savings program in Infrastructure & Data Business Unit also achieved a higher utilization rate in Business Management where the cost base was significantly reduced. The Technology Services, and also actions on the cost base. & Platform Solutions coming from the shift of resources to Operating margin reached € 71.5 million, representing 7.3% of margin erosion in a context of a revenue decrease. This resulted revenue. Benelux & The Nordics managed to partially contain the

dynamic and to return to a profitable growth.

Health, the Division faced with some contract termination in the the ramp-up of a new large contract with Philips. In Public & Postnord contract in Denmark. The situation was also Netherlands and was impacted by the ramp-down of the challenging with some Telco operators. Manufacturing, Retail & Transportation market benefitted from and/or lower volumes with several existing customers. The Technology Services - which represents almost half of the Business & Platform Solutions revenue decreased, in spite of due to Financial Services, affected by contract ramp downs In Infrastructure & Data Management, revenue was down mainly

Trusted partner for your Digital Journey

128