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F
Risks analysis [G4-14]
F.1
External risk factors [G4-13]
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its objectives) and considers that there are no significant risks other than those presented hereafter.
The Company conducted a review of risks that could have a material adverse impact on its business, or results (or its ability to achieve
[G4-13]
External risk factors
F.1
Themarket
F.1.1
fluctuation in the different markets of our clients. Atos is
The activity of the Group is dependent on the demand
and adapt its activities.
performing periodically a review of the different markets to plan
relationships.
though the digitalization of their processes and citizens
Services are delivering breakthrough performance improvement
Faced with major budgetary pressure, Government and Public
low volatility, and new capital adequacy regulations, Financial
Challenged by the political market conditions, low interest rates,
optimization.
and keeping a strong focus on Operational excellence and cost
Services companies are refocusing their portfolio of businesses
investments especially to support growth.
completed in the recent past, which allows for increase in IT
profitability, due to productivity improvement programs
Manufacturing customers have seen an improvement of their
data-driven business models supported by cloud and Big Data.
Telecom, Media & Utilities companies are transforming to
market consolidation and even more aggressive competition,
Faced with the continuing changes in regulations, ongoing
Country risks
F.1.2
of the Group is generated from “stable” countries.
Group’s business and profitability. However, most of the revenue
than others to political or economic risks that may affect the
Atos operates in 72 countries. Some countries are more exposed
A compliance dashboard is periodically updated for each country
compliance matters.
specific risks of each country regarding regulations and
by Legal & Compliance department, allowing monitoring the
The Group makes a periodic Strategic Operational Review of its
business.
market, as well as activities considered as being non-core
of the business which would not have the critical size on their
activities in order to fully revisit all options in respect of portions
[G4-EC2]
Environmental risks
F.1.3
For Atos, the specific risks in connection with the main
disasters and regulatory compliance.
environmental challenges concern climate change, natural
Management (ERM) and Legal Risk Mapping (LRM) processes.
Environmental risks are taken into account in Enterprise Risk
on the achievement of the Group’s objectives.
these specific risks at a low level with a minor potential impact
The result of the internal risk analysis, carried out in 2016, ranks
Clients
F.1.4
are large international groups or public organizations throughout
The Group delivers services to a large number of clients which
the top 50 customers generated 46.6% of total Group revenues.
customers generated 17% of total Group revenues in 2016 and
dependency on one particular client. The Group’s top 10
different markets and countries, which limits its risk of