- Solid growth Proforma 12-month Sales: €146.2m, +7.8% (1/1/19
to 12/31/19), +5.6% cer
- Strong installed base and recurring revenues supported by
industry leaders
- Good momentum solidifying the prospects of improved
performance
Regulatory News:
ESI Group, Paris, France, (ISIN Code: FR0004110310, Symbol: ESI)
(Paris:ESI), releases its sales for the financial year starting on
February 1, 2019 and ending on December 31, 2019 (11 months), as
well as for its last two months, and a 12 months proforma (January
1, 2019 – December 31, 2019), approved by the Board of Directors on
February 12th, 2020. As decided at the Annual General Meeting of
July 18th, 2019, the Group now closes the fiscal year on December
31 of each year.
Sales (€m)
2019
2018
Change
Current rate
Constant rate
12m proforma (Jan. 1.- Dec. 31)
Licenses
115.9
106.9
+8.4%
+6.0%
Services
30.3
28.8
+5.4%
+3.8%
Total proforma
146.2
135.7
+7.8%
+5.6%
As a pioneer in virtual prototyping solutions and a key player
in industrial transformation, ESI Group empowers manufacturers to
navigate increasing complexity by replacing real tests and
prototypes with highly accurate, predictive and representational
virtual prototypes. ESI Group’s software solutions are built from
decades of global expertise in physics of materials, essential to
the creation of authentic virtual prototypes. ESI’s customers are
an enviable list of industry leaders who benefit from enhanced
innovation, competitiveness, performance and productivity thanks to
ESI Group’s solutions.
Cristel de Rouvray, Chief Executive Officer of ESI Group,
comments: “ FY19 performance
was solid: we grew overall revenue and increased recurring revenue.
In conjunction we implemented our plan for sales focus and
operational excellence, aiming for growth and increased
profitability. Throughout the year, global industry leaders
solicited us to equip them with outcome solutions to anticipate and
manage virtually the performance of products or assets as used
in-service, much beyond the traditional PLM certification target of
the brand-new product. ESI has the credibility to act at this
transformational level, as evidenced by the growing scientific and
industrial accolades and customer testimonials welcoming our new
Hybrid-TwinTM solutions. We are actively leveraging their influence
to grow and attract the next wave of top accounts, and we expect
our performance to keep increasing steadily.”
Last 2 months and FY 2019 (11 months)
At the end of the fiscal year 2019, which has been impacted by
the change of its closing date, the last 2 months saw the company
close €18.8m in business.
After taking into account these last 2 months, sales over 11
months (February 1, 2019 - December 31, 2019) amounted to €102.2m,
driven by the Licenses business (€75.3m). Over the same period,
Services (Consulting) were €26.9m.
Solid growth of 12-month proforma (January 1, 2019 - December
31, 2019)
ESI generated proforma sales of €146.2m over 12 months (January
1, 2019 - December 31, 2019), up 7.8% (5.6% cer). Proforma
full-year growth was driven by the Licenses business (€115.9m,
+8.4%, +6.0% cer), which is the main pillar of the Group's business
model (79% of total revenues):
- 84% of sales were driven by Repeat business (renewal and
additional volume), +7.9% (€97.8m), which, by nature, generates
strong commercial recurrence (91.4%);
- 16% of sales were from New business (new customers or new
solutions for existing customers), up 10.6% (€18.1m).
Services grew year on year (€30.3m, +5.4%, +3.8% cer) to
represent 21% of total revenues.
The Group's global value proposition enables it to operate on
all world markets. This is a substantial asset to customers who are
global and can use virtual prototyping to generate considerable
innovation and synergies. Excluding exchange rate impacts, growth
over the period was mainly driven by the EMEA region (€71.0m,
+8.7%, +8.6% cer) followed by Asia (€53.0m, +7.4%, +3.5% cer) whose
strong performance (6.2% cer) would be more visible if we include
the perimeter effect*. The Group also maintained positive momentum
in Americas (€22.3m, +5.8%, +0.9% cer) which will be amplified in
2020.
Over this 12-month booking proforma, the four focus industries–
ground transportation, aerospace, heavy industry, energy, accounted
for 88% of total booking and grew respectively at 5.6%, 17.0%, 3.2%
and 1.2%. The lower growth rate in Energy is explained by an
industry wide shift to renewable energy where our efforts have
shifted to service projects, laying the ground for future license
sales.
*We stopped distribution of a
competitor product
Upcoming events
2019
Results
March 23, 2020
2019
Results presentation
March 24, 2020 - Paris
Q1 2020
Sales
May 12, 2020
About ESI Group Founded in 1973, ESI Group is a leading
innovator in Virtual Prototyping solutions and a global enabler of
industrial transformation. Thanks to the company’s unique know-how
in the physics of materials, it has developed and refined, over the
last 45 years, advanced simulation capabilities. Having identified
gaps in the traditional approach to Product Lifecycle Management
(PLM), ESI has introduced a holistic methodology centered on
industrial productivity and product performance throughout its
entire lifecycle, i.e. Product Performance Lifecycle™, from
engineering to manufacturing and in operation. Present in more than
40 countries, and in major industrial sectors, ESI employs 1200
high level specialists. In 2018, its turnover was 139M€, with 30%
allocated to R&D. ESI is headquartered in France and is listed
on compartment B of Euronext Paris. For further information, go to
www.esi-group.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200213005679/en/
ESI - Shareholder Relations Florence Barré investors@esi-group.com +33 1 49 78 28 28
SHAN - Press & Shareholder Relations Florent Alba ESIgroup@shan.fr
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