. Revenue of EUR 2,589 million;
Operating Margin of EUR 118 million representing 4.6 per cent of revenue
thanks to the first positive effects of the TOP Program Order entries up by +10 per cent to EUR 2,903 million
Book to bill ratio of 112 per cent
· Full backlog at EUR 7.5 billion representing 1.5 year of revenue; up +3 per
cent
· Group share adjusted net income of EUR 74 million;
· Net debt of EUR 328 million compared to EUR 514 million end of June 2008
Full year guidance is confirmed: slight decrease in revenue, improvement in
operating margin of 50 to 100 basis points compared to 2008 and positive cash
flow.
PARIS – 29 July 2009 – Today, Atos Origin, an international IT services company, announced revenue of EUR 2,589 million for the first half of 2009 representing a slight organic decline of -2.4 per cent. Operating margin reached EUR 118 million representing 4.6 per cent of revenue. This performance was achieved despite a charge of EUR 14 million following the
insolvency of the customer Arcandor. Excluding this provision, the operating margin increased by 50 basis points compared to the first half of 2008.
Thierry Breton, Chairman and CEO of Atos Origin said: « During the first half of 2009, the Group implemented strong measures to address the deterioration in the economic environment in order to control its cost base and to improve its operational profitability. The implementation of the TOP Program contributed directly to the improvement of the operating margin by circa 50 basis points.
The TOP Program will continue to accelerate in the second half of 2009 which means the Group is confirming its guidance that there will be an improvement in operating margin of 50 to 100 basis points this year. »

Net debt
Group net debt as of 30 June 2009 reached EUR 328 million compared to EUR 304 million as of 31 December 2008 and EUR 514 million as of 30 June 2008. This amount includes EUR 70 million cash out for reorganisation and rationalisation. During the first half of 2009, capital expenditures totalled EUR 107 million representing 4.1 per cent of revenue, a reduction
compared to EUR 139 million for the first half of 2008 at 4.8 per cent of revenue.
Within the TOP Program, strong actions have been taken to reduce the working capital, particularly for the collection of receivables where the DSO has been reduced by 9 days compared to 30 June 2008. Therefore, the seasonal increase of working capital during the first half of the year has been minimised.
Globally, the increase of the net debt has been reduced to EUR 24 million during the first half of 2009 compared to EUR 148 million for the first half of 2008 (excluding disposal of Italy and the pension plans in the United Kingdom).

2009 objectives
After six months of activity, the Group confirms its full year guidance: slight decrease in revenue, improvement in operating margin of 50 to 100 basis points compared to 2008, and positive cash flow.