(Reuters) -French IT group Atos issued an annual revenue guidance on Wednesday, after it had suspended financial forecasts last year due to its restructuring, and said it targeted revenue of up to 10 billion euros ($11 billion) in 2028.
Once seen as a European tech champion with a market value of more than 10 billion euros at its highest, Atos emerged from financial troubles in 2024 thanks to a restructuring agreement with its creditors.
It had piled up 4.8 billion euros of debt in recent years, owing to a botched split project and a string of costly acquisitions.
Atos expects to generate 8.5 billion euros in revenue this year, an 11% drop from 2024, citing voluntary contract reviews and low business traction prior to the completion of its rescue plan.
It also expects its operating margin to rise to 4% in 2025, with a target of 10% set for 2028.
($1 = 0.8939 euros)
(Reporting by Gianluca Lo Nostro; Editing by Tom Hogue and Milla Nissi-Prussak)
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