Debt-ridden French IT group Atos, the cybersecurity and data provider for the Paris Olympics, posted a huge annual loss Tuesday but vowed that its troubles would not disrupt the Games.
This picture taken on October 21, 2019 shows a Paralympic Games logo during a logo presentation ceremony for Paris 2024 Olympic Games at the Grand Rex cinema in Paris.PARIS –
The company reported a net loss of 3.4 billion euros for 2023 due to asset writedowns and said it was aiming for a debt restructuring by July."There are no concerns about the Olympic Games," Atos chief executive Paul Saleh said in a telephone conference. Organizers expect the Olympics, which will take place from July 26 to August 11, to be the target of cyberattacks.
Atos is also in charge of integrating other tech partners such as phone company Orange, digital services company Intel, telecoms equipment provider Cisco, timekeeper Omega and audio-video company Panasonic. Saleh said in Tuesday's results statement that Atos was "in discussions with our financial creditors with a view to reaching a refinancing plan by July within the framework of an amicable conciliation procedure".
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