![]() ![]() (NYSE: ATTO) (“Atento” or the “Company”), the largest provider of customer relationship management and business process outsourcing (“CRM BPO”) services in Latin America and among the top providers globally, announced today its third quarter operating and financial results for the period ending September 30, 2022. ![]() Due to challenging macroeconomic conditions, management revising 2022 EBITDA margin guidance range to 10.5% to 11.0% from 11.5% to 12.5% and Leverage Ratio range to 4.0x to 4.5x from 3.0x to 3.5x.Reached lock-up extension with major shareholders committed to growing the Company.Successfully renewed all revolving credit facilities in Brazil.Ending cash balance of $66 million, with no other significant payments expected for remainder of 2022 and cash position forecasted to increase in Q4.Free Cash Flow of negative $38 million, mainly due to $19.6 million bond coupon payment, $22.5 million cross currency swap expenses and $4.0 million in other interest expenses Strong Operating Cash Flow of $8mm, building on the positive trend in 2Q22.Expecting to keep on generating further efficiencies Cost efficiency efforts accelerated, mainly encompassing indirect costs and as well as operational improvements, increasing EBITDA by $10m million.from previous quarter, reaching 11.1% in 3Q22 coming from 7.8% in 2Q22 Total Contract Value of Sales up 10.3%, with strong pipeline, particularly in hard currencies, supporting revenue growth in Q4.Revenue flat YoY, with sales record in 2Q compensating for current macroeconomic challenges. ![]()
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