Atos Orgin, 2009 First Quarter Revenue at EUR 1,294 million

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Overig advies 16/04/2009 07:10
. Revenue in very slight organic decrease of -0.6 per cent in line with the full year
Group’s objectives;
· Order entries at EUR 1,347 million; up by +3 per cent;
· Book to bill ratio at 104 per cent;
· Net debt reduced at EUR 296 million compared to EUR 304 million at 31 December
2008.
PARIS – 16 April 2009 – Today, Atos Origin, a leading European IT services company, announces 2009 first quarter revenue at EUR 1 294 million representing a slight organic decrease of -0.6 per cent at same scope and exchange rates. This figure is in line with the annual objective of the
Group, which is a slight decrease in revenue compared to 2008.

In € Million Q1 2009
Q1 2008
proforma %
Revenue at constant scope and exchange rates 1,294 1,302 -0.6%
2008 proforma revenue excludes the change in scope related to the disposals made in 2008: Italy in Q1, AEMS Exchange in Q3, Thailand, Mexico and Technical Automation in The Netherlands in Q4, representing a total of EUR 84 million. It also excludes the impact of exchange rates mainly due to
the British pound evolution compared to the Euro, representing a total of EUR 38 million.

During the first quarter of 2009, the Managed Operations activities (Managed Services, Atos Worldline and BPO) achieved revenue of EUR 721 million, representing an organic growth of +5.5 per cent compared to the first quarter of 2008.
Consulting and Systems Integration businesses decreased by -7.4 per cent with a revenue of EUR 573 million.
Revenue from recurring activities, Managed Operations and Application Management, represented 70 per cent of Group revenue compared to 68 per cent for the first quarter of 2008.

Portfolio
During the first quarter of 2009, the total order entries reached EUR 1 347 million, representing an organic growth of +3 per cent compared to the first quarter 2008. The book to bill ratio was 104 per cent compared to 101 per cent during the first quarter 2008.
The Group renewed key contracts in Managed Operations in France in the telecommunication sector, in the United Kingdom in the public sector, in insurance and energy, in The Netherlands in manufacturing, in Asia Pacific in the finance sector and in Germany in the banking sector through
Atos Worldline. In Systems Integration, the Group signed large projects in France in the public sector, in The Netherlands in the finance sector, and in the United Kingdom in the public sector.
By service line, the book to bill ratio was 83 per cent in Consulting, 104 per cent in Systems Integration and 106 per cent in Managed Operations.
At 31 March 2009, the full backlog was EUR 7.5 billion up by +3.5 per cent compared to the levelmreached at 31 March 2008. This figure represents 1.4 years of revenue.
At 31 March 2009, the full pipeline weighted in accordance with the industry practice was EUR 2.9 billion up by +35 per cent compared to 31 March 2008.

Net debt
The net debt was reduced at EUR 296 million at the end of March 2009 compared to EUR 304 million at the end of March 2008 and also EUR 304 million at the end of December 2008. The Groupmhas been able to increase the level of collection of receivables and to reduce its capital intensity
compared to the first quarter of 2008.

2009 Objectives
In the current tough economic environment, the Group’s priorities for 2009 are to improve the operational performance and the cash flow generation.
After three months of activity, the Group confirms its objectives for 2009 in revenue, operating margin and cash flow as communicated on 18 February 2009.

Forthcoming announcements
26 May 2009
29 July 2009
16 October 2009
Annual General Meeting
First half 2009 results
Third quarter 2009 revenue



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