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HomeTechFrance's Atos seeks debt restructuring plan by July after widening losses

France’s Atos seeks debt restructuring plan by July after widening losses

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(Reuters) – French IT consulting firm Atos on Tuesday said its net loss had widened in 2023 and that it aimed to agree a debt restructuring plan by July as uncertainty looms over the group’s future.

“We are also in discussions with our financial creditors with a view to reaching a refinancing plan by July within the framework of an amicable conciliation procedure”, Atos CEO Paul Saleh said in a statement.

The company, which owns assets considered strategic by the French government and is struggling to turn around its loss-making business, posted a net loss of 3.44 billion euros ($3.73 billion) for the year ended Dec. 31 after a loss of 1.01 billion euros in 2022.

($1 = 0.9223 euros)

(Reporting by Augustin Turpin; Editing by Jamie Freed)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.

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