Bullish indicating open at $55-$60, IPO prices at $37
Investing.com -- Atos (EPA:ATOS) shares rose 4% on Monday after the company published its estimated half-year liquidity figures, showing a sharp reduction in cash outflows compared with the previous year.
For the first half of 2025, the French IT firm saw its net cash deficit narrow to €96 million, a substantial reduction from the €686 million deficit in the corresponding period of 2024.
This estimate excludes any use of account receivable factoring or specific trade payable optimizations.
The reported cash movement also precedes an estimated €103 million impact from exchange rate fluctuations, largely driven by EUR/USD changes during the period.
Additionally, a €175 million variance in payments received ahead of invoice due dates was excluded from the calculation.
As of June 30, Atos estimates total liquidity at €1.80 billion, down from €2.18 billion at the end of 2024.
The current figure includes €1.36 billion in cash and cash equivalents and €440 million in undrawn revolving credit facilities.
Of the reported cash, €143 million relates to payments received before invoice due dates, down from €319 million at year-end.
Despite the €374 million decline in total liquidity over the six-month period, the figure remains well above the €650 million minimum threshold required under the company’s credit agreements.