Atento Files its Annual Report on Form 20-F for Fiscal Year 2020
Atento (NYSE: ATTO) has filed its Annual Report on Form 20-F for the fiscal year ending December 31, 2020, with the U.S. Securities and Exchange Commission. The report is accessible on Atento's Investor Relations website. As the leading provider of customer relationship management and business process outsourcing services in Latin America, Atento operates in 13 countries and employs approximately 139,800 people. The firm serves over 400 clients across various industries, with a focus on telecommunications, banking, and retail. It has been recognized internationally for its workplace quality.
- Atento filed its Annual Report on Form 20-F for FY 2020, improving transparency for investors.
- The company is the largest CRM/BPO provider in Latin America, indicating strong market positioning.
- Atento serves over 400 clients and operates in 13 countries, demonstrating extensive reach.
- The ongoing COVID-19 pandemic poses risks to Atento's business operations and cash flows.
- Potential risks include increased competition and the loss of key clients affecting revenue.
NEW YORK, March 22, 2021 /PRNewswire/ -- Atento S.A. (NYSE: ATTO), the largest provider of customer relationship management and business process outsourcing solutions (CRM/BPO) in Latin America and among the top five providers worldwide, announced today that its Annual Report on Form 20-F for the fiscal year ended December 31, 2020 has been filed with the U.S. Securities and Exchange Commission and is available on Atento's Investor Relations website at http://investors.atento.com or at http://www.sec.gov.
Investors can receive a printed copy of this report, including the Company's complete audited financial statements, free of charge upon request by contacting Atento's Investor Relations team in one of the emails listed below.
About Atento
Atento is the largest provider of customer relationship management and business process outsourcing ("CRM BPO") services in Latin America, and among the top five providers globally. Atento is also a leading provider of nearshoring CRM BPO services to companies that carry out their activities in the United States. Since 1999, the company has developed its business model in 13 countries where it employs approximately 139,800 people. Atento has over 400 clients to whom it offers a wide range of CRM BPO services through multiple channels. Atento's clients are mostly leading multinational corporations in sectors such as telecommunications, banking and financial services, health, retail and public administrations, among others. Atento's shares trade under the symbol ATTO on the New York Stock Exchange (NYSE). In 2019, Atento was named one of the World's 25 Best Multinational Workplaces and one of the Best Multinationals to Work for in Latin America by Great Place to Work®. Also, in 2021 Everest named Atento as a star performer and Gartner named the company as a leader in the 2021 Gartner Magic Quadrant. For more information visit www.atento.com
Investor Relations | Investor Relations
Fernando Schneider | Media Relations +34 670031347 |
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.
View original content to download multimedia:http://www.prnewswire.com/news-releases/atento-files-its-annual-report-on-form-20-f-for-fiscal-year-2020-301253213.html
SOURCE Atento S.A.
FAQ
What is the significance of Atento's Annual Report filed on March 22, 2021?
How many employees does Atento have as of 2021?
What industries does Atento serve?
What challenges does Atento face due to the COVID-19 pandemic?
When was Atento's Annual Report for FY 2020 filed?
