UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K/A
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
For the month of May, 2022
Commission File Number 001-36671
Atento S.A.
(Translation of Registrant's name into English)
1 rue Hildegard Von Bingen
L-1282, Luxembourg
Grand Duchy of Luxembourg
(Address of principal executive
office)
Indicate by check mark whether the registrant files or will file
annual reports under cover of Form 20-F or Form 40-F.
Form
20-F: x Form
40-F: o
Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(1):
Yes: o No: x
Note: Regulation S-T Rule 101(b)(1) only permits the submission in
paper of a Form 6-K if submitted solely to provide an attached
annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(7):
Yes: o No: x
Note: Regulation S-T Rule 101(b)(7) only permits the
submission in paper of a Form 6-K if submitted to furnish a report
or other document that the registrant foreign private issuer must
furnish and make public under the laws of the jurisdiction in which
the registrant is incorporated, domiciled or legally organized (the
registrant’s “home country”), or under the rules of the home
country exchange on which the registrant’s securities are traded,
as long as the report or other document is not a press release, is
not required to be and has not been distributed to the registrant’s
security holders, and, if discussing a material event, has already
been the subject of a Form 6-K submission or other Commission
filing on EDGAR.
NEW YORK, May 5, 2022 – Atento S.A. (NYSE: ATTO, “Atento” or
the “Company”), is one of the world’s five largest providers of
customer relationship and business process outsourcing (CRM / BPO)
services and sector leader in Latin America. On May 3,
2022, the Company furnished an amended Report of Foreign
Private Issuer on Form 6-K (“Prior 6-K”). Due to administrative
error, the graphs set forth under the headings “Indirect Cash Flow
View – Q4 2021” and “Indirect Cash Flow View – FY 2021” on pages 6
and 7, respectively, included figures that should have included
decimals rather than commas. This Form 6-K/A (the “Amended 6-K”) is
being filed solely to correct those errors. The full text of the
Prior Form 6-K is restated below with this correction. This Amended
6-K does not otherwise modify or update in any way the disclosures
presented in the Prior Form 6-K.
NEW YORK, May 3, 2022 – Atento S.A. (NYSE: ATTO, “Atento” or
the “Company”), one of the world’s five largest providers of
customer relationship and business process outsourcing (CRM / BPO)
services and sector leader in Latin America. On March 30, 2022,
Atento S.A. announced its fiscal 2021 fourth quarter and full year
results. The results announced were management’s expectations at
such time of the results Atento would subsequently report in its
audited financial statements included in its annual report on Form
20-F, filed with the U.S. Securities and Exchange Commission.
Atento recognizes revenue on an accrual basis for services provided
during a fiscal period based on an amount of consideration to which
Atento expects to be entitled in exchange for those services.
Between announcing its results on March 30, 2022 and filing its
annual report on Form 20-F, Atento revised the amount it expected
to receive in exchange for services provided during the quarter to
further reflect the impact of the cyberattack disruption on its
Brazil operations. This revision decreased reported EBITDA and
related amounts for the fiscal 2021 fourth quarter and full year
from what was announced on March 30, 2022. A revised announcement
reflecting this change is included in this Form 6-K.
Atento Reports Fiscal 2021 Fourth Quarter and Full Year Results
2021 revenue up 7.9% on recurring basis, with balanced
contribution from Telefónica and Multisector
Annual Recurring EBITDA growth of 23.7%, with Recurring EBITDA
margin of 12.9% and 15.5% in fourth quarter
Cyberattack has non-recurring revenue impact of $34.8 million in
fourth quarter, following three quarters of solid revenue and
EBITDA growth
Total Annual Value of sales of new business rises 20% to record
$215 million
US annual revenue up 34% to $114.8 million, with US and EMEA
representing 26% of recurring 2021 EBITDA
Reinforced presence in key growth sectors such as tech,
healthcare and fintech, which accounted for 54%, 16% and 11% of new
wins in 2021 and represented 37% of sales
Secured and extended key agreements with Telefónica, while
expanding share of wallet
Latin America’s higher inflation, interest rates and currency
fluctuations increased financing costs, and impacting 2021
shareholder equity and free cash flow
NEW YORK, May 3, 2022 – Atento S.A. (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 fourth quarter and full year operating and
financial results for the period ending December 31, 2021. All
comparisons in this announcement are year-over-year (YoY) and in
constant-currency (CCY), unless otherwise noted.
Total Annual Value of Sales (TAV) rise to record
|
• |
TAV increased 20%
to $215 million, growing 59% in US |
|
• |
New In-Year
revenue for new business rose 21%, increasing 69% in the
US |
|
• |
Cyberattack
disruption on Brazil operations resulted in $34.8 million in lost
revenue |
|
• |
Annual revenue
grew 5.3% to $1.45 billion, up 7.9% on a recurring basis (excluding
impact of cyberattack) |
|
• |
Annual
Multisector sales rose 5.4%, increasing 11.7% and 8.4% in the
Americas and EMEA, respectively, while declining 3.1% in Brazil;
Recurring Brazil Multisector sales grew 1.1% |
|
• |
Telefónica (TEF)
sales grew 5.3% in 2021, or 9.1% on a recurring basis, as share of
wallet continued to grow |
|
• |
Key service
agreements with TEF were secured and extended |
|
• |
Atento won 61 new
clients in 2021, with sales in fast-growing tech, healthcare and
fintech sectors accounting for 54%, 16% and 11% of new wins,
respectively, and representing 37% of total annual sales in
2021 |
|
• |
US revenues
increased 34.1% to $114.8 million in 2021 |
|
• |
Hard-currency
revenues expand 220 bps to 24% of 2021 revenue and 26% of
EBITDA |
|
1
|
 |
Strong recurring and hard currency EBITDA
|
• |
2021 Recurring
EBITDA rose 23.7% to $191.9 million and with corresponding margin
expanding 150 bps to 12.9%, mainly on 240 bps increase in Brazil.
2021 EBITDA declined 6.1% to $145.8 million |
|
• |
4Q Recurring
EBITDA down slightly to $50.8 million and with margin expanding 110
bps to 15.5%. 4Q EBITDA decreased 90.8% to $4.7 million, mainly due
to the $34.8 million in lost revenue in Brazil and 11.3 million in
costs related to the cyberattack |
|
• |
US EBITDA of $4.7
million in Q4 and $22.1 million in 2021, up 60.3% and representing
14.7% of consolidated EBITDA, with EBITDA Margin at 10.9% in Q4 and
14.1% for the year, 320 bps higher than in 2020 |
|
• |
Hard currency
EBITDA represented 26% of total EBITDA at year-end, up 600 bps,
mainly due to US expansion |
|
• |
Recurring Net
Loss of $1.6 million in Q4 and net loss of $46.3 million in
2021 |
|
• |
Reported
EPS of -$3.29 in Q4 and -$6.61 in 2021, mainly due to $46.1 million
impact of cyberattack and $45.7 million of net financial
expense |
Debt leverage and maturity profile remain healthy
|
• |
At year-end 2021,
net debt-to-EBITDA was 4.0x, or 3.1x when excluding EBITDA impact
of cyberattack |
|
• |
Solid cash
position of $129 million, including $56 million drawdown in
revolving credit facilities |
|
• |
At December 31,
2021, shareholders’ equity was -$12.9 million, partly impacted by
$85.1 million in non-cash items consisting of -$42.8 million of
balance sheet and P&L conversion as well as -$42.3 million
change in fair value of derivatives instruments |
Solid improvements in ESG performance
|
• |
Scope 1 carbon
emissions decreased 16% in 2021 |
|
• |
Approximately 60%
of Company’s energy comes from renewable resources |
|
• |
New record for
client satisfaction, which increased 280 bps versus
2020 |
|
• |
Improved gender
equality, with women comprising approximately 50% of management
team |
Update on Cybersecurity measures
|
• |
Reinforced
cybersecurity protection, detection, and remediation
measures |
|
• |
Closed
partnership agreements with best-in-class cyber security providers
such as CrowdStrike and Microsoft, providing additional security
for Company and customers |
|
• |
Establishing best
practices and working closely with defense groups and agencies to
improve early warning and threat preparedness |
Summarized Consolidated Financials
|
($
in millions except EPS) |
Q4
2021 |
Q4
2020 |
CCY
Growth (1) |
2021 |
2020 |
CCY
Growth (1) |
|
Income Statement
(6) |
|
|
|
|
|
|
|
Revenue |
327.2 |
369.6 |
-7.4% |
1,449.2 |
1412.3 |
5.3% |
|
Recurring EBITDA (2) |
50.8 |
53.5 |
-0.6% |
191.9 |
161.2 |
23.7% |
|
Recurring EBITDA
Margin |
15.5% |
14.5% |
1.1 p.p |
12.9% |
11.4% |
1.5 p.p |
|
Recurring Net Income/Loss (2) |
(1.6) |
4.8 |
N.M. |
(48.2) |
(9.9) |
N.M. |
|
|
|
|
|
|
|
|
|
EBITDA (2) |
4.7 |
53.5 |
-90.8% |
145.8 |
161.2 |
-6.1% |
|
EBITDA Margin |
1.4% |
14.5% |
-13,1 p.p. |
10.1% |
11.4% |
-1.3p.p. |
|
Net
Loss (3) |
(46.3) |
(8.0) |
N.M. |
(93.0) |
(46.9) |
100% |
|
Earnings
Per Share on the reverse split basis (2) (3)
(5) |
($3.29)) |
($0.57) |
N.M. |
($6.61) |
($3.33) |
98.4% |
|
Recurring EPS on the reverse split basis (2)
(5) |
($2.43) |
$0.34 |
N.M. |
($1.01) |
($0.71) |
42.2%
|
|
Cash Flow, Debt and Leverage |
|
|
|
|
|
|
|
Net Cash Used in Operating Activities |
1.1 |
58.8 |
|
42.3 |
127.0 |
|
|
Cash and Cash Equivalents |
128.8 |
209.0 |
|
|
|
|
|
Net Debt (4) |
589.6 |
518.8 |
|
|
|
|
|
Net Leverage (4) |
4.0x |
3.2x |
|
|
|
|
(1) Unless otherwise noted, all results are for Q4; all revenue
growth rates are on a constant currency basis, year-over-year; (2)
Recurring EBITDA, Recurring Net Income/Recurring Earnings per Share
(EPS) are Non-GAAP measures adjusted only for the cyberattack
impact; (3) Reported Net Income and Earnings per Share (EPS)
include the impact of non-cash foreign exchange gains/losses on
intercompany balances; (4) Includes IFRS 16 impact in Net Debt and
Leverage; (5) Earnings per share and Recurring Earnings per share
in the reverse split basis is calculated with weighted average
number of ordinary shares outstanding. (6) The following selected
financial information are unaudited.
|
2
|
|
Message from CEO and CFO
Like so many companies in the current era, including some of the
world’s technology leaders, we were struck by a cyberattack, which
impacted our fourth quarter results. This impact proved to be far
greater than we initially expected, due the complexities of these
events and how the aftershocks manifest themselves.
Nevertheless, the fundamentals of our business remain strong, as
our recurring results demonstrate, and we remain focused on our
growth strategy, which has proven to be highly effective over the
last two and a half years. We will overcome what we consider to be
a temporary setback to our business, as we are an agile and
resilient company. Throughout the pandemic, we consistently
demonstrated these valuable traits.
Last year, we delivered three quarters of outperformance prior to
the cyberattack and also outperformed on every key metric. We
expanded in higher-growth, higher margin verticals in Latam and the
US, while generating higher levels of hard currency revenues. At
the same time, we delivered a greater proportion of higher value
next-generation services to Telefónica, while expanding volumes and
renewing agreements with this key client. During the year, we also
continued to strengthen operationally, enhance our digital
capabilities, and drive innovation to broaden our portfolio of CX
and BPO services.
We expect to regain momentum in the second half of the year,
although we have lowered slightly the ranges of our margin and
leverage targets that we set under our Three Horizon Plan. We have
ramped up our much-improved sales organization and expect to
replenish and grow volumes during the year, volumes that also carry
higher margins, consistent with our strategy. Additionally, we are
accelerating ongoing efficiency initiatives to further reduce our
cost structure as well as improve our effectiveness as an
organization, in terms of methodologies, best practices and
technologies. We are also moving aggressively to reduce our cost of
debt capital.
In summary, Atento remains a far more agile company and is better
positioned in the Americas’ growing CX market than when we launched
our growth plan. We expect to perform at an even higher level this
year than last, resuming the same profitable growth trajectory that
we achieved and maintained most of last year.
|
Carlos López-Abadía |
|
José Azevedo |
| Chief Executive Officer |
|
Chief
Financial Officer |
Fourth Quarter and Full Year Consolidated Financial
Results
Atento’s fourth quarter revenue decreased 7.4% to $327.2 million,
mainly due to disruptions caused by the previously announced
cyberattack that affected the Company’s Brazil operations. This
resulted in $34.8 million in lost revenue, with Multisector and TEF
sales decreasing 6.0% and 10.4%, respectively, led by declines in
Brazil. The consolidated revenue decrease was partially offset by a
7.5% increase in Americas revenue, with Multisector and TEF
revenues increasing 7.3% and 8.0%, respectively, in this market.
When excluding the non-recurring cyber event, total fourth quarter
revenue would have increased 2.5% to $362.0 million, with
Multisector sales increasing 1.7% and TEF revenue increasing
4.2%.
The Company’s annual revenue increased 5.3% to $1.45 billion, with
Multisector sales increasing 5.4% and TEF sales rising 5.3%.
Revenue growth was led by the Americas, which increased 11.7%, with
Multisector and TEF revenue increasing 14.1% and 7.1%,
respectively. When excluding the impact of the cyberattack, annual
revenue increased 7.9%, with Multisector sales rising 7.3% and TEF
sales increasing 9.1%.
Total Annual Value of Sales of new business increased 20% to $215
million, growing 59% in US, while New In-Year revenue rose 21%,
increasing 69% in the US.
US revenues increased 34.1% to $114.8 million, with sales growth in
EMEA also contributing to a 220 bps expansion in hard currency
revenues, which represented 24% of Atento’s 2021 revenue on a
recurring basis.
Atento won a total of 61 new clients in 2021, with fast-growing
tech, healthcare and fintech clients accounting for 54% 16% and 11%
of new wins, respectively, and representing 37% of total annual
sales at December 31, 2021.
|
3
|
|
Atento’s fourth quarter consolidated EBITDA decreased 90.8% to $4.7
million, with the margin decreasing 131 bps to 1.4%, mainly due to
the aforementioned cyberattack that impacted the Company’s
operations in Brazil and resulted in $34.8 million in lost revenue
and $11.3 million in related protection, detection and remediation
costs. Full-year EBITDA decreased 6.1% to $145.8 million, mainly
due to a 36.5% decrease in Brazil, while Americas and EMEA EBITDA
increased 15.5% and 72.7%, respectively. For the year, the EBITDA
margin decreased 130 bps to 10.1%.
In the Americas, EBITDA decreased 8.7% to $14.3 million in the
quarter, due to higher variable operating costs related to
increased absentee rates in Argentina and Peru. For the year,
Americas EBITDA rose 15.5% to $59.5 million, representing 40.8% of
consolidated EBITDA at year-end. Atento’s hard currency EBITDA
represented 26% of total Recurring EBITDA at year-end, up 600 bps,
mainly due to sales growth in the US market.
On a recurring basis, fourth quarter EBITDA decreased 0.6% to $50.8
million, with Brazil EBITDA increasing 8.4% and Americas EBITDA
decreasing 5.4%, due to the aforementioned absentee rates. The
comparable EBITDA margin would have been 15.5%, up 110 bps, with
the Brazil margin rising 90 bps to 19.6% and the Americas margin
decreasing 100 bps to 9.1%. Comparable full-year EBITDA increased
23.7%, due to increases in Brazil, Americas and EMEA, which rose
26.2%, 5.5% and 72.7%, respectively. On the same recurring basis,
the 2021 EBITDA margin expanded 150 bps to 12.9%, mainly due to
margin expansion of 240 bps to 15.4% in Brazil, where the revenue
mix continued to improve with a greater proportion of higher-value
services delivered to TEF.
The Company reported a recurring Net Loss of -$1.6 million in the
fourth quarter and -$46.3 million in 2021. Fourth quarter reported
EPS was -$3.29, bringing full-year EPS to -$6.61, mainly due to the
$46.1 million impact of cyberattack and to net financial expenses
of $2.60 million and $45.7 million, respectively.
2021 free cash flow was negative $55.5 million, primarily due to
cyberattack impact of $25.1 million, one-time refinance costs of
$21 million and $20 million taxes postponed under 2020 Covid relief
programs. When excluding these items, free cash flow was $10.5
million for the year, compared to $39.9 million in 2020.
On December 31, 2021, Atento held $129 million in cash, including
$56 million in existing credit revolvers, with net debt totaling
$589 million. Net debt-to-EBITDA was 4.0x, or 3.1x when excluding
one-time EBITDA impact of the cyberattack.
On December 31, 2021, shareholders’ equity was negative $12.9
million, mainly due to $134 million in financial items and $42.8
million of balance sheet and P&L conversion. Of note, $85.1
million that impacted shareholders’ equity was non-cash items
consisting of -$42.8 million of balance sheet and P&L
conversion and -$42.3 million change in fair value of derivatives
instruments.
Segment Reporting
Brazil
|
($
in millions) |
Q4
2021 |
Q4
2020 |
CCY
growth |
2021 |
2020 |
CCY
Growth |
|
Brazil Region |
|
|
|
|
|
|
|
Revenue |
111.5 |
148.5 |
-22.2% |
568.8 |
600.9 |
-0.2% |
|
Recurring1
EBITDA |
28.7 |
27.8 |
8.4% |
92.8 |
78.2 |
26.2% |
|
Recurring1 EBITDA Margin |
19.6% |
18.7% |
0.9
p.p. |
15.4% |
13.0% |
2.4
p.p. |
|
|
|
|
|
|
|
|
|
EBITDA |
(17.4) |
27.8 |
N.M |
46.7 |
78.2 |
-36.5% |
|
EBITDA Margin |
(15.6%) |
18.7% |
-34.3
p.p. |
8.2% |
13.0% |
-4.8
p.p. |
|
Profit/(loss)
for the period |
(34.2) |
(0.3) |
N.M. |
(39.8) |
(21.7) |
93.7% |
1 Excludes $46.1 million impact of cyberattack
|
4
|
|
|
Brazil
Revenue Mix |
2021
|
2020
|
Fourth quarter revenue in Brazil decreased 22.2% to $111.5 million,
due to the cyberattacks disruption of the Company’s operations in
the country. Multisector and TEF sales declined 17.5% and 39.0%,
respectively. When excluding the $34.8 million impact of the
cyberattack, revenue increased 2.0% to $146.3 million, with
Multisector sales decreasing 0.7% and TEF sales increasing
11.5%.
The Brazil operation’s EBITDA decreased to -$17.4 million in the
fourth quarter, with the corresponding margin decreasing 343 bps to
-15.6%, mainly due to $34.8 million in lost revenue and $11.3
million in costs related to the cyberattack. These costs included
fees related to protection, detection, and remediation measures.
When excluding the impact of the cyberattack, EBITDA increased 8.4%
to $28.7 million, with the margin expanding 90 bps to 19.6%.
Annual revenue totaled $568.8 million in Brazil, down 0.2% compared
to 2020. EBITDA decreased 36.5% to $46.7 million in 2021, with the
margin contracting 480 bps to 8.2%. When excluding the impact of
the cyberattack, 2021 revenue and EBITDA increased 5.9% and 26.2%
to $603.6 million and $92.8 million, respectively, with the
corresponding margin expanding 240 bps to 15.4%.
Americas Region
|
($
in millions) |
Q4
2021 |
Q4
2020 |
CCY
growth |
2021 |
2020 |
CCY
Growth |
|
Americas Region |
|
|
|
|
|
|
|
Revenue |
157.7 |
155.3 |
7.5% |
633.9 |
580.5 |
11.7% |
|
EBITDA |
14.3 |
15.7 |
-5.4% |
59.5 |
52.6 |
15.5% |
|
EBITDA Margin |
9.1% |
10.1% |
-1.0
p.p. |
9.4% |
9.1% |
0.3
p.p. |
|
Profit/(loss)
for the period |
(5.3) |
(2.0) |
N.M. |
(4.7) |
(9.9) |
-51.2% |
|
Americas
Revenue Mix |
2021
|
2020
|
In the Americas, Atento’s fourth quarter revenue increased 7.5% to
$157.7 million, with full year revenue increasing 11.7% to $633.9
million. During the quarter, Multisector and TEF sales increased
7.3% and 8.0%, respectively. US sales increased 20.4% to $31.0
million in the quarter and rose 34.1% to $114.8 million in 2021.
For the year, Multisector and TEF sales increased 14.1% and 7.1%,
respectively.
Fourth quarter EBITDA decreased 5.4% to $14.3 million, due to the
aforementioned increase in absentee rates in Argentina and Peru,
with the margin decreasing 100 bps to 9.1%. For the year, the
Americas margin expanded 30 bps to 9.4%.
|
5
|
|
EMEA Region
|
($
in millions) |
Q4
2021 |
Q4
2020 |
CCY
growth |
2021 |
2020 |
CCY
Growth |
|
EMEA Region |
|
|
|
|
|
|
|
Revenue |
57.9 |
66.2 |
-8.8% |
250.1 |
234.7 |
3.1% |
|
EBITDA |
7.7 |
7.5 |
2.9% |
26.6 |
15.3 |
72.7% |
|
EBITDA Margin |
13.3% |
11.3% |
2.0
p.p. |
10.6% |
6.5% |
4.1
p.p. |
|
Profit/(loss)
for the period |
1.0 |
6.5 |
-83.6% |
2.2 |
5.2 |
-50.9% |
|
EMEA
Revenue Mix |
2021
|
2020
|
During the fourth quarter, EMEA revenue decreased 8.8% to $57.9
million, bringing full year revenue to $250.1 million, up 3.1%
compared to 2020. During the year, Multisector sales increased
8.4%, while TEF sales decreased 2.0%.
Fourth quarter EBITDA increased 2.9% to $7.7 million, with the
margin expanding 200 bps to 13.3%. For the year, EBITDA increased
72.7% to $26.6 million, with the margin increasing 410 bps to
10.6%, due to effective cost cutting and improved sales
margins.
Cash Flow
|
Cash
Flow Statement ($ in millions) |
Q4
2021 |
Q4
2020 |
2021 |
2020 |
|
Cash and cash equivalents at beginning of period |
145.7 |
196.6 |
209.0 |
124.7 |
|
Net
Cash from Operating activities |
1.5 |
58.8 |
42.3 |
127.0 |
|
Net
Cash used in Investing activities |
(13.7) |
(10.9) |
(48.1) |
(38.2) |
|
Net
Cash (used in)/ provided by Financing activities |
(0.7) |
(35.2) |
(60.5) |
1.0 |
|
Net (increase/decrease) in cash and cash
equivalents |
(12.9) |
12.7 |
(66.3) |
89.8 |
|
Effect
of changes in exchanges rates |
(4.0) |
(0.4) |
(13.8) |
(5.5) |
|
Cash and cash equivalents at end of period |
128.8 |
209.0 |
128.8 |
209.0 |
Indirect Cash Flow View – Q4 2021 ($ in millions)
|
6
|
|
Free cash flow decreased during the fourth quarter to negative
$25.2 million, mainly due to negative operating cash flow stemming
from a $25.1 million impact of the cyberattack, to higher Capex
that was postponed in 2020, and to changes in working capital.
Indirect Cash Flow View – FY 2021 ($ in millions)
2021 free cash flow was negative $55.5 million, primarily due to
cyberattack impact of $25.1 million, one-time refinance costs of
$21 million and $20 million taxes postponed under 2020 Covid relief
programs.
Normalized Cash Flow View – FY 2021 ($ in millions)
When excluding one-off tax expenses, costs related to the Company’s
debt refinancing in February, and impact of cyberattack, free cash
flow was $10.6 million for the year, compared to $39.9 million in
2020.
|
7
|
|
Indebtedness & Capital Structure
|
US$MM |
Maturity |
Interest
Rate |
Outstanding
Balance Q4 2021 |
|
SSN
(1) (USD) |
2026 |
8.0% |
503.9 |
|
Super
Senior Credit Facility |
2021 |
4.5% |
25.0 |
|
Other
Borrowings and Leases |
2025 |
Variable |
32.9 |
|
BNDES
(BRL) |
2022 |
TJLP
+ 2.0% |
0.6 |
|
Debt with Third Parties |
|
|
562.5 |
|
Leasing (IFRS 16) |
|
|
155.8 |
|
Gross Debt (Debt with Third Parties + IFRS 16) |
|
|
718.3 |
|
Cash
and Cash Equivalents |
|
|
128.8 |
|
Net Debt |
|
|
589.5 |
|
(1) |
Notes are
protected by certain hedging instruments, with the coupons hedged
through maturity, while the principal is hedged for a period of 3
years. The instruments consist mainly of cross-currency swaps in
BRL, PEN and Euro. |
At December 31, 2021, Gross debt totaled $718.3 million, or $562.5
million when excluding lease obligations under IFRS 16. With cash
and cash equivalents of $128.8 million, net debt was $589.5 million
at year-end. Approximately $79 million in revolving credit
facilities were available at the end of 2021, of which $56 million
was drawn down.
At the end of 2021, net debt-to-EBITDA was 4.0x, or 3.1x when
excluding one-time EBITDA impact of the cyberattack. The Company
finished the year with a comfortable maturity profile going out to
2026.
Fiscal 2021 and 2022 Guidance
|
|
2021
Guidance
|
2021
Reported |
2021
Recurring
|
2022
Guidance
|
|
Revenue
growth (in constant currency) |
Mid-single
digit |
5.3% |
7.9% |
Mid-single
digit |
|
EBITDA
margin |
12.5%-13.5% |
10.1% |
12.9% |
13%-14% |
|
Leverage
(x) |
2.5x-3.0x |
4.0x |
3.1x |
2.7x-3.0x |
Management is lowering 2022 EBITDA
margin guidance to 13%-14% from 14%-15% and net debt-to-EBITDA to
2.7x-3.0x from 2.0x-2.5x, due
to potential residual revenue and cost impacts of the cyberattack
against the Company’s Brazil operations,
Share Repurchase Program
During the fourth quarter, Atento did not repurchase shares,
bringing total buybacks to 43,708 shares in 2021, for a total cost
of $878,000. During the year, the Company vested a total of 202,024
shares issued using treasury shares in relation to management
compensation programs. At the end of December 2021, the Company
held 850,808 Atento shares in treasury.
|
8
|
|
Conference Call
The Company will host a conference
call and webcast on Thursday, March 31, 2022 at 10:00 am ET to
discuss its financial results. The conference call can be accessed
by dialing: USA: +1 (866) 807-9684; UK: (+44) 20 3514 3188; Brazil:
(+55) 11 4933-0682; Spain: (+34) 91 414 9260; or International:
(+1) 412 317 5415. No passcode is required. Individuals who dial in
will be asked to identify themselves and their affiliations The
live webcast of the conference call will be available on Atento's
Investor Relations website at investors.atento.com
(Click here). A web-based archive of the conference call will
also be available at the website.
About Atento
Atento is one of the
five largest global providers for client relationship management
and business process outsourcing services nearshoring for companies
that carry out their activities in the United States. Since 1999,
the company has developed its business model in 13 countries with a
workforce of 150,000 employees. Atento has over 400 clients for
which it provides a wide range of CRM/BPO services through multiple
channels. Its clients are leading multinational companies in the
technology, digital, telecommunications, finance, health, consumer
and public administration sectors, amongst others. Atento trades
under ATTO on the New York Stock Exchange. In 2019 Atento was
recognized by Great Place to Work® as one of the 25 World’s Best
Multinational Workplaces and as one of the Best Places to Work in
Latin America. For more information www.atento.com
Media Relations
press@atento.com
Investor and analyst inquiries
Hernan van Waveren
+1 979-633-9539
hernan.vanwaveren@atento.com
Forward-Looking Statements
This press release contains forward-looking statements.
Forward-looking statements can be identified by the use of words
such as "may," "should," "expects," "plans," "anticipates,"
"believes," "estimates," "predicts," "intends," "continue" or
similar terminology. These statements reflect only Atento’s current
expectations and are not guarantees of future performance or
results. These statements are subject to risks and uncertainties
that could cause actual results to differ materially from those
contained in the forward-looking statements. In particular, the
COVID-19 pandemic, and governments’ extraordinary measures to limit
the spread of the virus, are disrupting the global economy and
Atento’s industry, and consequently adversely affecting the
Company’s business, results of operation and cash flows and, as
conditions are recent, uncertain and changing rapidly, it is
difficult to predict the full extent of the impact that the
pandemic will have. Risks and uncertainties include, but are not
limited to, competition in Atento’s highly competitive industries;
increases in the cost of voice and data services or significant
interruptions in these services; Atento’s ability to keep pace with
its clients' needs for rapid technological change and systems
availability; the continued deployment and adoption of emerging
technologies; the loss, financial difficulties or bankruptcy of any
key clients; the effects of global economic trends on the
businesses of Atento’s clients; the non-exclusive nature of
Atento’s client contracts and the absence of revenue commitments;
security and privacy breaches of the systems Atento uses to protect
personal data; the cost of pending and future litigation; the cost
of defending Atento against intellectual property infringement
claims; extensive regulation affecting many of Atento’s businesses;
Atento’s ability to protect its proprietary information or
technology; service interruptions to Atento’s data and operation
centers; Atento’s ability to retain key personnel and attract a
sufficient number of qualified employees; increases in labor costs
and turnover rates; the political, economic and other conditions in
the countries where Atento operates; changes in foreign exchange
rates; Atento’s ability to complete future acquisitions and
integrate or achieve the objectives of its recent and future
acquisitions; future impairments of our substantial goodwill,
intangible assets, or other long-lived assets; and Atento’s ability
to recover consumer receivables on behalf of its clients. In
addition, Atento is subject to risks related to its level of
indebtedness. Such risks include Atento’s ability to generate
sufficient cash to service its indebtedness and fund its other
liquidity needs; Atento’s ability to comply with covenants
contained in its debt instruments; the ability to obtain additional
financing; the incurrence of significant additional indebtedness by
Atento and its subsidiaries; and the ability of Atento’s lenders to
fulfill their lending commitments. Atento is also subject to other
risk factors described in documents filed by the comp any with the
United States Securities and Exchange Commission.
These forward-looking statements speak only as of the date on which
the statements were made. Atento undertakes no obligation to update
or revise publicly any forward-looking statements, whether as a
result of new information, future events or otherwise.
|
9
|
|
SELECTED FINANCIAL DATA:
The following selected financial information are based on
management's review of operations for period ended December 31,
2021
Consolidated Statements of Operations for the Three and Twelve
Months Ended December 31, 2020 and 2021
|
|
For
the three months ended December 31 |
|
|
For
the twelve months ended December 31 |
|
|
|
($ million, except percentage changes)
|
2021 |
2020 |
Change
(%) |
Change
excluding FX (%) |
2021 |
2020 |
Change
(%) |
Change
excluding FX (%) |
|
|
(unaudited) |
|
|
(unaudited) |
|
|
|
Revenue |
327.2 |
369.6 |
(11.5) |
(7.4) |
1,449.2 |
1,412.3 |
2.6 |
5.3 |
|
|
Other
operating income |
5.4 |
2.5 |
112.1 |
124.3 |
10.5 |
5.6 |
89.1 |
93.9 |
|
|
Other
gains and own work capitalized |
0.0 |
0.1 |
N.M. |
N.M. |
0.0 |
0.1 |
(64.0) |
(100.3) |
|
|
Operating expenses: |
|
|
|
|
|
|
|
|
|
|
Supplies |
(38.0) |
(21.1) |
80.2 |
87.9 |
(109.8) |
(72.3) |
51.9 |
55.4 |
|
|
Employee
benefit expenses |
(258.0) |
(266.5) |
(3.2) |
(1.4) |
(1,102.7) |
(1,060.4) |
4.0 |
6.6 |
|
|
Depreciation |
(19.0) |
(17.9) |
6.0 |
10.3 |
(73.2) |
(73.9) |
(0.9) |
(1.6) |
|
|
Amortization |
(24.5) |
(12.8) |
90.9 |
99.2 |
(60.1) |
(47.0) |
27.9 |
31.4 |
|
|
Changes
in trade provisions |
(0.7) |
(1.8) |
(62.7) |
(60.8) |
0.3 |
(5.3) |
(105.6) |
(105.6) |
|
|
Impairment
Charges |
(2.0) |
0.0 |
N.M. |
N.M. |
(2.0) |
0.0 |
N.M. |
N.M. |
|
|
Other
operating expenses |
(29.2) |
(29.3) |
(0.3) |
(2.9) |
(99.9) |
(118.7) |
(15.8) |
(13.6) |
|
|
Total operating expenses |
(371.4) |
(349.4) |
6.3 |
11.2 |
(1,447.3) |
(1,377.6) |
5.1 |
7.7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Finance
income |
4.0 |
2.7 |
50.0 |
71.5 |
15.5 |
15.7 |
(1.1) |
8.0 |
|
|
Finance
costs |
(27.2) |
(18.7) |
45.6 |
50.0 |
(91.9) |
(70.3) |
30.7 |
33.2 |
|
|
Change
in fair value of financial instruments |
(1.1) |
0.0 |
N.M. |
N.M. |
(42.3) |
0.0 |
N.M. |
N.M. |
|
|
Net
foreign exchange loss |
4.4 |
(9.7) |
(145.5) |
(149.4) |
17.7 |
(27.8) |
N.M. |
N.M. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit/(loss) before income tax |
(58.6) |
(3.0) |
N.M. |
N.M. |
(88.5) |
(42.1) |
110.2 |
113.8 |
|
|
Income
tax benefit/(expense) |
12.3 |
(5.0) |
N.M. |
N.M. |
(4.5) |
(4.8) |
(6.7) |
(12.6) |
|
|
Profit/(loss) for the period |
(46.3) |
(8.0) |
N.M. |
N.M. |
(93.0) |
(46.9) |
98.3 |
100 |
|
|
Other financial data: |
|
|
|
|
|
|
|
|
|
|
EBITDA (1) (unaudited) |
4.7 |
53.5 |
(91,3) |
(90.8) |
145.8 |
161.2 |
(9.6) |
(6.1) |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) In considering the financial performance of the business, our
management analyzes the financial performance measure of EBITDA at
a company and operating segment level, to facilitate
decision-making. EBITDA is defined as profit/(loss) for the period
from continuing operations before net finance expense, income taxes
and depreciation and amortization. EBITDA is not a measure defined
by IFRS. The most directly comparable IFRS measure to EBITDA is
profit/(loss) for the year/period.
N.M. means not meaningful
|
10
|
|
Consolidated Statements of Operations by Segment for the Three
and Twelve Months Ended December 31, 2020 and 2021
|
($ in millions, except percentage changes) |
For the three months ended December 31, |
Change (%) |
Change Excluding FX (%) |
For the twelve months ended December 31, |
Change (%) |
Change Excluding FX (%) |
|
2021 |
2020 |
2021 |
2020 |
|
Revenue: |
(unaudited) |
|
|
(unaudited) |
|
|
|
Brazil |
111.5 |
148.5 |
(24.9) |
(22.2) |
568.8 |
609.4 |
(6.7) |
(0.2) |
|
Americas |
157.7 |
155.3 |
1.6 |
7.5 |
633.9 |
582.0 |
8.9 |
11.7 |
|
EMEA |
57.9 |
66.2 |
(12.5) |
(8.8) |
250.1 |
234.7 |
6.6 |
3.1 |
|
Other and eliminations (1) |
0.1 |
(0.4) |
(127.9) |
(127.1) |
(3.6) |
(13.8) |
(74.1) |
(4.5) |
|
Total operation revenue |
327.2 |
369.6 |
(11.5) |
(7.4) |
1,449.2 |
1,412.3 |
2.6 |
5.3 |
|
Operating expenses: |
|
|
|
|
|
|
|
|
|
Brazil |
(152.8) |
(142.9) |
6.9 |
1.7 |
(596.6) |
(594.5) |
0.4 |
5.7 |
|
Americas |
(164.8) |
(152.8) |
7.9 |
14.3 |
(633.8) |
(576.7) |
9.5 |
12.3 |
|
EMEA |
(57.1) |
(63.8) |
(10.5) |
(6.5) |
(244.4) |
(235.1) |
3.7 |
0.3 |
|
Other and eliminations (1) |
3.3 |
10.1 |
(67.3) |
(63.4) |
27.5 |
28.7 |
(14.2) |
(3.1) |
|
Total operating expenses |
(371.4) |
(349.4) |
6.3 |
11.2 |
(1,447.3) |
(1,377.6) |
5.1 |
7.7 |
|
EBITDA (2): |
|
|
|
|
|
|
|
|
|
Brazil |
(17.4) |
27.8 |
N.M) |
N.M. |
46.7 |
78.2 |
(40.3) |
(36.5) |
|
Americas |
14.3 |
15.7 |
(8.7) |
(5.4) |
59.5 |
52.6 |
13.1 |
15.5 |
|
EMEA |
7.7 |
7.5 |
2.9 |
5.5 |
26.6 |
15.3 |
73.4 |
72.7 |
|
Other and eliminations (1) |
0.1 |
2.5 |
(96.0) |
(95.4) |
12.9 |
15.1 |
(14.4) |
(12.1) |
|
Total EBITDA (unaudited) |
4.7 |
53.5 |
(91.3) |
(90.8) |
145.8 |
161.2 |
(9.6) |
(6.1) |
(1) Included revenue and expenses at the holding-company level
(such as corporate expenses and acquisition related expenses), as
applicable, as well as consolidation adjustments.
(2) In considering the financial performance of the business, our
management analyzes the financial performance measure of EBITDA at
a company and operating segment level, to facilitate
decision-making. EBITDA is defined as profit/(loss) for the period
from continuing operations before net finance expense, income taxes
and depreciation and amortization. EBITDA is not a measure defined
by IFRS. The most directly comparable IFRS measure to EBITDA is
profit/(loss) for the year/period.
|
11
|
|
Balance Sheet ($ Thousands)
|
ASSETS |
December 31,
2021
|
December 31,
2020
|
|
|
(unaudited) |
(audited) |
|
NON-CURRENT ASSETS |
606,138 |
604,327 |
|
|
|
|
|
Intangible
assets |
104,886 |
106,643 |
|
Goodwill |
91,941 |
103,014 |
|
Right-of-use
assets |
142,705 |
137,842 |
|
Property,
plant and equipment |
81,395 |
90,888 |
|
Deferred
tax assets |
110,102 |
90,850 |
|
Non-current
financial assets |
57,847 |
59,187 |
|
Derivative
financial instruments |
12,757 |
11,088 |
|
Other
taxes receivable |
4,505 |
4,815 |
|
|
|
|
|
|
|
|
|
CURRENT ASSETS |
501,638 |
571,796 |
|
|
|
|
|
Trade
and other receivables |
326,208 |
324,850 |
|
Cash
and cash equivalents |
128,824 |
208,994 |
|
Other
taxes receivable |
42,627 |
36,794 |
|
Derivative
financial instruments |
3,235 |
- |
|
Other
current financial assets |
744 |
1,158 |
|
|
|
|
|
|
|
|
|
TOTAL ASSETS |
1,107,776 |
1,176,123 |
|
12
|
|
|
|
|
|
|
LIABILITIES
AND SHAREHOLDERS’ EQUITY |
December 31,
2021
|
December 31,
2020
|
|
|
(unaudited) |
(audited) |
|
|
|
|
|
NON-CURRENT LIABILITIES |
683,543 |
651,662 |
|
|
|
|
|
Debt
with third parties |
599,262 |
594,636 |
|
Derivative
financial instruments |
26,302 |
5,220 |
|
Provisions
and contingencies |
37,672 |
45,617 |
|
Non-trade
payables |
18,654 |
4,296 |
|
Other
taxes payable |
1,653 |
1,893 |
|
|
|
|
|
CURRENT LIABILITIES |
437,108 |
404,785 |
|
|
|
|
|
Debt
with third parties |
119,017 |
133,187 |
|
Derivative
financial instruments |
29,646 |
- |
|
Trade
and other payables |
271,429 |
249,723 |
|
Provisions
and contingencies |
17,016 |
21,875 |
|
|
|
|
|
TOTAL LIABILITIES |
1,120,651 |
1,056,447 |
|
|
|
|
|
TOTAL EQUITY |
(12,875) |
119,676 |
|
13
|
|
Cash Flow ($ million)
|
|
For the three months ended December
31, |
For the twelve months ended December 31, |
|
|
2021 |
2020 |
2021 |
2020 |
|
|
(unaudited) |
(unaudited) |
|
Operating activities |
|
|
|
|
|
Loss before income tax |
(58.6) |
(3.0) |
(88.4) |
(42.1) |
|
Adjustments to reconcile loss before income tax to net cash
flows: |
|
|
|
|
|
Amortization and depreciation |
43.5 |
30.7 |
133.2 |
120.9 |
|
Impairment Losses |
2.0 |
0.0 |
2.0 |
0.0 |
|
Changes in trade provisions |
0.7 |
1.8 |
(0.3) |
5.3 |
|
Share-based payment expense |
2.2 |
1.2 |
10.6 |
4.3 |
|
Change in provisions |
4.0 |
5.9 |
18.1 |
28.0 |
|
Grants released to income |
(0.2) |
(0.2) |
(0.9) |
(0.9) |
|
Losses on disposal of property, plant and equipment |
0.2 |
0.2 |
0.4 |
0.3 |
|
Finance income |
(4.0) |
(2.7) |
(15.5) |
(15.7) |
|
Finance costs |
27.2 |
18.7 |
91.9 |
70.3 |
|
Net foreign exchange differences |
38.2 |
9.7 |
(17.7) |
27.8 |
|
Change in fair value of financial instruments |
(41.2) |
0.0 |
42.3 |
0.0 |
|
Change in other (gains)/ losses and own work
capitalized |
(0.2) |
(0.6) |
(0.0) |
(0.6) |
|
|
72.4 |
64.7 |
264.1 |
239.7 |
|
Changes in working capital: |
|
|
|
|
|
Changes in trade and other receivables |
9.8 |
15.3 |
(42.6) |
2.2 |
|
Changes in trade and other payables |
16.5 |
(5.9) |
62.3 |
1.6 |
|
Other assets/(payables) |
(28.5) |
1.3 |
(62.5) |
(14.5) |
|
|
(2.2) |
10.7 |
(42.8) |
(10.7) |
|
|
|
|
|
|
|
Interest paid |
(3.2) |
(3.8) |
(58.0) |
(46.2) |
|
Interest received |
0.5 |
0.1 |
12.3 |
11.8 |
|
Income tax paid |
(1.3) |
(3.9) |
(18.4) |
(11.2) |
|
Other payments |
(6.1) |
(5.9) |
(26.3) |
(14.3) |
|
|
(10.1) |
(13.5) |
(90.5) |
(59.9) |
|
Net cash flows from operating activities |
1.5 |
58.8 |
42.3 |
127.0 |
|
Investing activities |
|
|
|
|
|
Payments for acquisition of intangible assets |
(1.0) |
(1.6) |
(2.4) |
(6.9) |
|
Payments for acquisition of property, plant and
equipment |
(12.7) |
(9.3) |
(45.7) |
(31.3) |
|
|
|
|
|
|
|
Net cash flows used in investing activities |
(13.7) |
(10.9) |
(48.1) |
(38.2) |
|
Financing activities |
|
|
|
|
|
Proceeds from borrowing from third parties |
11.0 |
12.1 |
512.7 |
121.8 |
|
Repayment of borrowing from third parties |
0.2 |
(29.5) |
(524.4) |
(70.5) |
|
Payments of lease liabilities |
(11.3) |
(17.4) |
(45.6) |
(48.9) |
|
Acquisition of treasury shares |
0.0 |
(0.4) |
(0.9) |
(1.3) |
|
Payments for financial instruments |
(0.6) |
0.0 |
(2.4) |
0.0 |
|
Net cash flows provided by/ (used in) financing
activities |
(0.7) |
(35.2) |
(60.6) |
1.0 |
|
Net (decrease)/increase in cash and cash
equivalents |
(12.9) |
12.8 |
(66.4) |
89.8 |
|
Foreign exchange differences |
(4.0) |
(0.4) |
(13.8) |
(5.5) |
|
Cash and cash equivalents at beginning of period |
145.7 |
196.6 |
209.0 |
124.7 |
|
Cash and cash equivalents at end of period |
128.8 |
209.0 |
128.8 |
209.0 |
|
14
|
|
Financing Arrangements
Net debt with third parties as of December 31, 2020 and 2021 is as
follow:
|
($
million, except Net Debt/ EBITDA)) |
On
December 31, 2021 |
On
December 31, 2020 |
|
Cash
and cash equivalents |
128.8 |
209.0 |
|
Debt: |
|
|
|
Senior
Secured Notes |
503.9 |
505.6 |
|
Super
Senior Credit Facility |
25.0 |
30.0 |
|
BNDES |
0.6 |
0.6 |
|
Lease
Liabilities |
155.8 |
151.5 |
|
Other
Borrowings |
32.9 |
38.9 |
|
Total
Debt |
718.3 |
726.6 |
|
Net Debt with third parties (1)
(unaudited) |
589.5 |
517.6 |
|
Net Debt/ EBITDA (non-GAAP) (unaudited) |
4.0x |
3.2x |
|
(1) |
In considering our financial
condition, our management analyzes Net debt with third parties,
which is defined as total debt less cash and cash equivalents. Net
debt with third parties is not a measure defined by IFRS and it has
limitations as an analytical tool. Net debt with third parties is
neither a measure defined by or presented in accordance with IFRS
nor a measure of financial performance and should not be considered
in isolation or as an alternative financial measure determined in
accordance with IFRS. Net debt is not necessarily comparable to
similarly titled measures used by other companies. |
Number of Workstations and Delivery Centers
|
|
Number
of Workstations |
Number
of Service
Delivery Centers (1) |
Headcount |
|
|
2021 |
2020 |
2021 |
2020 |
2021 |
2020 |
|
Brazil |
47,054 |
49,294 |
31 |
31 |
71,440 |
71,234 |
|
Americas |
36,627 |
38,761 |
49 |
49 |
50,587 |
56,021 |
|
Argentina
(2) |
3,051 |
4,025 |
10 |
12 |
6,590 |
6,636 |
|
Central
America (3) |
2,896 |
2,842 |
3 |
3 |
5,397 |
5,290 |
|
Chile |
1,329 |
2,310 |
3 |
4 |
4,757 |
5,246 |
|
Colombia |
10,294 |
9,184 |
11 |
9 |
9,830 |
9,011 |
|
Mexico |
11,554 |
10,179 |
15 |
15 |
14,029 |
17,656 |
|
Peru |
5,613 |
8,918 |
2 |
3 |
8,134 |
11,084 |
|
United
States (4) |
1,890 |
1,303 |
5 |
3 |
1,850 |
1,098 |
|
EMEA |
6,607 |
5,253 |
17 |
14 |
12,921 |
12,457 |
|
Spain
(5) |
6,607 |
5,253 |
17 |
14 |
12,921 |
12,457 |
|
Corporate |
- |
- |
- |
- |
332 |
93 |
|
Total |
90,288 |
93,308 |
97 |
94 |
135,280 |
139,805 |
(1) Includes service
delivery centers at facilities operated by us and those owned by
our clients where we provide operations personnel and workstations
(2) Includes Uruguay (3) Includes Guatemala and El Salvador.(4)
Includes Puerto Rico. (5) Includes Morroco.
FX Rates
|
FX Assumptions (Average) |
Q1 2020 |
Q2 2020 |
Q3 2020 |
Q4 2020 |
FY 2020 |
Q1 2021 |
Q2 2021 |
Q3 2021 |
Q4 2021 |
FY 2021 |
|
Euro (EUR) |
0.91 |
0.91 |
0.86 |
0.84 |
0.88 |
0.83 |
0.83 |
0.85 |
0.88 |
0.85 |
|
Brazilian Real (BRL) |
4.46 |
5.38 |
5.38 |
5.40 |
5.15 |
5.47 |
5.30 |
5.23 |
5.58 |
5.39 |
|
Mexican Peso (MXN) |
20.00 |
23.33 |
22.09 |
20.55 |
21.49 |
20.33 |
20.02 |
20.03 |
19.91 |
20.28 |
|
Colombian Peso (COP) |
3,534.22 |
3,847.83 |
3,732.36 |
3,663.43 |
3,694.46 |
3,552.49 |
3,693.19 |
3,845.19 |
3,981.16 |
3,741.97 |
|
Chilean Peso (CLP) |
802.78 |
823.43 |
780.80 |
761.68 |
792.17 |
723.99 |
716.30 |
771.23 |
850.25 |
759.14 |
|
Peruvian Soles (PEN) |
3.40 |
3.43 |
3.55 |
3.60 |
3.50 |
3.66 |
3.80 |
4.05 |
4.00 |
3.88 |
|
Argentinean Peso (ARS) |
61.55 |
67.64 |
73.31 |
80.06 |
70.64 |
88.55 |
94.06 |
97.24 |
102.72 |
95.08 |
|
15
|
|
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.
| |
ATENTO
S.A. |
| Date:
May 3, 2022. |
|
|
| |
By: |
/s/
Carlos López-Abadía |
| |
Name:
Carlos López-Abadía |
| |
Title: Chief Executive Officer
|
| |
|
|
| |
By: |
/s/
José Antonio de Sousa Azevedo |
| |
Name:
José Antonio de Sousa Azevedo |
| |
Title:
Chief Financial Officer |
Atento (NYSE:ATTO)
Historical Stock Chart
Von Jun 2022 bis Jul 2022
Atento (NYSE:ATTO)
Historical Stock Chart
Von Jul 2021 bis Jul 2022
