However, based on strong sales in June and July and a growing pipeline, we are expecting 2022 to be the fourth consecutive year of record sales. The second quarter was a challenging one, as the recovery in volumes was slower than our expectations, with continued higher inflation across our markets and one-off costs on accelerating structural efficiency programs. (5) The following selected financial information are unaudited. (1) Unless otherwise noted, all results are for Q2 all revenue growth rates are on a constant currency basis, year-over-year (2) Reported Net Loss and Earnings per Share (EPS) include the impact of non-cash foreign exchange gains/losses on intercompany balances (3) Includes IFRS 16 impact in Net Debt and Leverage (4) Earnings per share on the reverse split basis is calculated with weighted average number of ordinary shares outstanding. Healthy exit rate at quarter-end, with revenue, EBITDA and operating cash flow forecasted to accelerate during second half of yearĮarnings Per Share on the reverse split basis (2) (4) Net loss of $12.1 million, or negative EPS of $0.83, mainly due to net financial expenses of $12.9 million, $8.7 million of which was non-cash items related to change in fair value of hedgesĬash financial costs were $29.6 million, of which $20.9 million was a bond interest payment and other interest expenses, primarily those related to the Company's hedges and bank credit facilitiesĭespite decreased EBITDA, improved working capital management and lower Capex resulted in positive operating cash flow of $7 million
All comparisons in this announcement are year-over-year (YoY) and in constant-currency (CCY), unless otherwise noted.ĮBITDA impacted by reduced volumes, additional one-time severance costs and higher inflationĮBITDA decreased 44.2% to $28.5 million on aforementioned declines in Multisector and TEF sales, coupled with high severance costs related to new cost efficiency initiatives, ramp up of new client programs and higher inflation, as well as positive one-offs in second quarter of 2021ĭecrease in EBITDA and 543 bps margin contraction were partially offset by improved inflation pass-through (NYSE: ATTO) ("Atento" or the "Company"), one of the five largest providers of Customer Relationship Management and Business Process Outsourcing (CRM / BPO) services worldwide and sector leader in Latin America, announced today its second quarter operating and financial results for the period ending June 30, 2022. Strong year-end exit rate forecasted, based on sales momentum and improving cost structure Working capital improved to positive $9 million in 2Q22, versus negative $25 million in 2Q21ĭue to uncertain macroeconomic conditions, annual guidance revised to flat revenue growth, EBITDA margin of 11.5% to 12.5%, and leverage ratio of 3.0x to 3.5x
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Record June sales of $34 million, growing to 60% in hard currency, and Total Annual Value of Sales in Q2 increasing 16.4% to $54.7 millionĪccelerated 2022 cost efficiency program, realizing $15 million cost reductions by year-end, or $25 million on an annualized basis.Ĭash position rose 6.1% to healthy $103 million, with strong free cash flow turnaround to positive $5 million, versus negative $26 million in 2Q21 and negative $65 million in 1Q22 Demanding quarter, but management believes positive inflection point has been reached with strong 2H trend underway
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