Atento reports fiscal 2022 second quarter and first half results

Demanding quarter, but management believes positive inflection point has been reached with strong 2h trend underway 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 million accelerated 2022 cost efficiency program, realizing $15 million cost reductions by year-end, or $25 million on an annualized basis.                 cash 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 working capital improved to positive $9 million in 2q22, versus negative $25 million in 2q21                 due 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 strong year-end exit rate forecasted, based on sales momentum and improving cost structure new york , aug. 3, 2022 /prnewswire/ -- atento s.a.
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