Atento doubles its losses until June, but stabilizes its balance in the second quarter

Madrid, 4 (European press)

Atento’s losses, generated from a “branch” of Telefónica’s “call” centers, more than doubled in the first six months of the year, with “red numbers” reaching $82.6 million (81 million euros) compared to 34.9 in the first. Half of 2021.

However, the company reduced its losses for the second quarter by 19%, which was 12.1 million dollars (11.8 million euros), due to financial expenses, the entity reported on Thursday.

Atento was negatively impacted by inflation and companies’ tendency to optimize costs in response to the macroeconomic situation, meaning the recovery in volumes was less than expected.

The company made $753.3 million (€739.76 million) in the first six months of the year, down 3.2%, due in part to the expiration of a contract to manage the positives and provide information on Covid-19 in Maryland (United). States).

The company reduced its total operating profit (Ebitda) by 29.5% to a total of $63.5 million (€62.3 million).

In a statement, the “call center” company said it accelerated hiring in June and July, though it revised its forecast for results, which is now considering calculating year-end fixed revenue, by a margin of between 11.5% and 12.5%.

On the positive side, the company continues to increase the weight of “strong currencies” on its balance sheet and already accounts for more than a quarter of revenue.

Conversely, business with Telefónica suffered 5.5%, due to the impact of the operator’s cost-cutting plan in Brazil, which reduced the scale of bailouts.

Similarly, the company started a cost-cutting program in April, which allowed it to save $15 million (€14.7 million) through July.

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Aileen Morales

"Beer nerd. Food fanatic. Alcohol scholar. Tv practitioner. Writer. Troublemaker. Falls down a lot."

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