Atos FY organic revenue -1,282%
TL;DR
Atos reported a -13.8% organic revenue decline for FY 2025, but improved to -9.3% in Q4. The company exceeded cash targets, with strong liquidity and robust order intake, while restructuring efforts continue.
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Atos FY organic revenue -1,282%
Atos Group reported preliminary FY 2025 financial results for the year ended December 31, 2025, showing a full-year organic revenue decline of -13.8%, with estimated revenue of €8,001 million, in line with its guidance. This follows a -5.4% organic decline in FY 2024. The company noted an inflection point in its top-line trajectory during Q4 2025, with organic revenue performance improving to -9.3% year-over-year, compared to -19.3% in Q3 2025 according to preliminary figures.
The Strategic Business Unit (SBU) reported estimated revenue of €1,738 million, down -9% organically, while the Eviden SBU declined by 11.2% to €265 million. Despite the revenue contraction, Atos exceeded cash and profitability targets, with a net change in cash limited to approximately €-327 million—above its guidance—and a strong liquidity position of €1,707 million at year-end. Operating margin is expected to exceed €340 million, representing over 4% of revenue.
Order intake remained robust, with a Q4 2025 book-to-bill ratio of 122%, driven by strong performance in North America, Germany, and Benelux. The Eviden SBU achieved a book-to-bill of 229%, including the Alice Recoque supercomputer contract. CEO Philippe Salle highlighted ongoing restructuring efforts, including market exits and asset sales, to stabilize operations and rebuild investor confidence.
The company plans to release its final FY 2025 results and 2026 outlook on March 6, 2026. Fitch Ratings revised Atos's outlook to positive in December 2025, affirming its credit rating at 'B-'.
