Atos Origin 2009 results

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2009 objectives achieved

Operating Margin: 5.7 per cent up by more than +80 basis points
Group net debt reduced by EUR 165 million
Revenue: EUR 5,127 million down organically -3.7 per cent

* Operating Margin is EUR 290 million representing an organic increase of +13 per cent;
* TOP Program contributes strongly to the improvement in the Operating Margin;
* Net debt reduced to EUR 139 million compared to EUR 304 million in December 2008;
* Net Income Group share at EUR 32 million;
* Adjusted net income Group share at EUR 196 million, up by +9 per cent;
* Total order entries are EUR 5,148 million, book to bill ratio is 100 per cent;
* Roll-out of Atos Worldline offerings in the major countries of the Group.

PARIS – 17 February 2010 -

Atos Origin, a leading international IT services company, today announced the results for the full year ending 31 December 2009.

Convened on 16 February 2010 by Thierry Breton, Chairman and CEO of Atos Origin, the Board of Directors examined and approved the accounts of the Group for the year ending 31 December 2009.

Thierry Breton, Chairman and CEO of Atos Origin declared: “Despite a declining economy in 2009, the Group achieved its objectives. The operating margin increased by more than 80 basis points and the cash flow generation improved to reduce the net debt by 165 million euros. This performance is fully aligned with the mandate I received from the shareholders and the Board of Directors at the beginning of the year. I am proud of our clients’ trust in Atos Origin and the involvement and contribution throughout the year of all our employees. We have developed distinctive offerings and launched many new projects with the support of our Scientific Committee, and we have set up an organisation to address the technological challenges in the IT sector. The implementation of High Tech Transactional Services as a new Global Service Line to roll out the offerings of Atos Worldline into our major geographies is well underway and is one of our major achievements in 2009.

The transformation of the Group, in particular through its deep reorganisation and the TOP Program, allows us to pursue in 2010 according to our plan the improvement of the profitability and the reduction of the financial debt.”

Commercial activity


Group order entries in 2009 totalled EUR 5,148 million in 2009, down -3 per cent organically compared to 2008.

The book to bill ratio reached 100 per cent as in 2008.

By service line, book to bill was (vs. 2008 at same scope):

* 93 per cent in Consulting (98 per cent in 2008);
* 96 per cent in Systems Integration (98 per cent in 2008);
* 105 per cent in Managed Services (113 per cent in 2008) and;
* 119 per cent for High Tech Transactional Services (90 per cent in 2008).

The main signatures of the fourth quarter were:

* in France in Systems Integration with Renault, in Managed Services in the public sector and with one of the major banks;
* in The Netherlands regarding Managed Services contracts with a pension fund, the energy and transports sectors, as well as several renewals in the public sector;
* in the United Kingdom, in Managed Services with Brakes in manufacturing, in finance with Capita Life & Pensions; in the public sector with Skills Development Scotland and with UK Government Gateway in HTTS;
* in Belgium with a European Institution in Systems Integration;
* in Spain in the public sector and in Managed Services;
* in the US for the renewal of the Lee County contract in Managed Services;
* Atos Worldline for the contracts with la SNCF, GIP eBourgogne and Numéricable.

At 31 December 2009, full backlog was EUR 6.8 billion, representing 1.3 year of revenue. This amount includes the cancellation of almost EUR 400 million for Arcandor.

The full qualified pipeline as of 31 December 2009 was EUR 3 billion up +14 per cent compared to 2008, mainly thanks to HTTS and Medical BPO; Systems Integration showed a slight increase.


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