Atos H1 operating loss widens to 1.70 billion euros

Quick Summary:

French tech company Atos on Thursday said its operating loss widened in the first half of 2024 due to an impairment charge and both of its main business units reporting lower sales on soft demand in the Americas and parts of Europe.

It posted an operating loss of 1.70 billion euros ($1.

Its costs were also impacted by higher marketing spending for major sports events.

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Article Details

Category: EconomyBusiness

Markets: SingaporeFrance

Topics: Company Loss Operating Billion French Thursday Euros Atos Impairment 2024 Widens

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-01 @ 13:41:32 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 310 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 21882234

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