Atos plunges over 17% after cutting 2021 targets

Monday, 12. July 2021 11:14

The shares of Atos SE sank nearly 18% on Monday following the news that the French company cut its financial targets for 2021 shortly after posting negative organic growth for the second trimester of the year.

In a release published earlier today, the IT company said it expects revenue growth of between 3.5% and 4.5%, with a full-year positive free cash flow. However, organic growth declined 1.5%, Atos added.

Atos' stocks tumbled 17.63% to sell for 43.45 per share at 11:12 am CET.

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Breaking the News / ND