ESI Group: Third Quarter and 9-Month Revenues 2021
28 Octobre 2021 - 06:00PM
Business Wire
ESI Group fully focused to improve growth
and profitability
- 9-month revenues: + 3.3%, +5.6% at constant exchange rate
(cer)
- 9-month new business: +2.5% (+4.5% cer) at 7.8 m€
- 9-month services: up to +9.8% (+11.7% cer) showing new
investments of the industry after-Covid
- Unchanged guidance for FY21
Regulatory News:
ESI Group
(Paris:ESI), Paris, France, (ISIN
Code: FR0004110310, Symbol: ESI), today releases its sales for the
third quarter 2021 (period from July 1st to September 30th).
Cristel du Rouvray, Chief Executive Officer of ESI Group,
comments: "End of Q3 sales
confirm the diagnostic we presented earlier this month: ESI stands
on strong differentiators that continue to sustain growth with the
installed base, and a deep transformation of ESI’s historic
operating model is required to capture the full potential of the
market. Upon announcing our “One ESI 2024- Focus to grow” plan, we
immediately moved into the realm of a 2022 budget process
reflecting a global approach to sales and focus on core business.
We are sustaining the team’s energy via active communication and
coaching so that our entire leadership is focused on execution,
critical to unlocking ESI’s potential and value.”
Revenues (€m)
2021
2020
Change
Change Constant exchange rate
(cer)
Q3 - Licenses
17.9
17.0
+5.5%
+4.8%
Q3 – Services
6.3
4.9
+28.9%
+29.2%
Q3 - Total
24.2
21.8
+10.7%
+10.2%
9-month - Licenses
87.9
86.2
+2.0%
+4.4%
9-month – Services
18.1
16.5
+9.8%
+11.7%
9-month - Total
106.0
102.6
+3.3 %
+5.6%
Third quarter year-over-year comparison
In Q3 2021, ESI Group
generated sales of €24.2m (+10.7%, +10.2% cer) driven by Licenses
at €17.9m (+5.5 %, +4.8% cer) and in particular repeat business
sales which grew by +16.9% (+15.2% cer). Services (26% sales) up to
€6.3m driven by core service activities with strategic customers
post COVID.
9-month, year-over-year comparison
ESI Group's sales for the
first 9-months of 2021 amounted to €106.0m (+3.3%, +5.6% cer)
compared to €102.6m for the same period last year. New business
achieved €7.8m, up to 2.5%. The growth drivers during these 9 first
months of 2021 were:
- the Automotive industry which continues to invest in
simulation, accelerating its digitization.
- The EMEA region and the Americas’ region which grew at the same
pace in current rate, yet Americas recorded a double-digit growth
at constant rates.
Illustrating the dynamic of
ESI’s performance in the Americas region, the Group highlighted, in
a recent success story, its collaboration with Ford Motor Company
aiming to implement a streamlined and zero-physical prototype
approach to ensure safety, productivity and sustainability
virtually. Click here to access the story.
The Repeat Business
represented 77.9% of sales at €82.5m (+1.7 %, +4.0% cer). The
increase of services was driven by EMEA at +16%.
9-month 2021 sales
geographical breakdown by region splits was stable as follows: EMEA
represents 49.4% (vs. 48.8%), Asia/Pacific represents 35.8% (vs.
36.6%) and the Americas represent 14.8% (vs. 14.6%).
Unchanged Forward-looking Statements
- FY21 Forward-looking statement
In millions, except.
percentages
FY21 Range
FY20
H2
51.7
54.7
51.8
Growth
0%
6%
Growth excl. forex
2%
8%
FY
133.5
136.5
132.6
Growth
1%
3%
Growth excl. forex
4%
6%
- Long-term Forward-looking statement
At constant exchange
rate
2022
2023
2024
Target revenue growth (adjusted for
special projects1)
4% - 6%
6% - 8%
7% - 9%
Target Adjusted EBIT2 margin
10% - 12%
15% - 17%
20% - 22%
This release contains
“forward-looking statements”. These statements are subject to a
number of risks and uncertainties, including those related to the
COVID-19 virus and associated further economic and market
disruptions; further adverse changes or fluctuations in the global
economy; further adverse fluctuations in our industry, foreign
exchange fluctuations, changes in the current global trade
regulatory environment; fluctuations in customer demands and
markets; fluctuations in demand for our products including orders
from our large customers; cyber-attacks; expense overruns; and
adverse effects of price changes or effective tax rates. The
company directs readers to its Universal Registration Document –
Chapter 3 presenting the risks associated with the company’s future
performance.
Upcoming events
- FY21 sales and results - February 28th, 2022
About ESI Group Founded in 1973, ESI Group envisions a
world where Industry commits to bold outcomes, addressing high
stakes concerns - environmental impact, safety & comfort for
consumers and workers, adaptable and sustainable business models.
ESI provides reliable and customized solutions anchored on
predictive physics modeling and virtual prototyping expertise to
allow industries to make the right decisions at the right time,
while managing their complexity. Acting principally in automotive
& land transportation, aerospace, defense & naval, energy
and heavy industry, ESI is present in more than 20 countries,
employs 1200 people around the world and reported 2020 sales of
€132.6 million. ESI is headquartered in France and is listed on
compartment B of Euronext Paris.
For further information, go to www.esi-group.com.
1 For the 3-year plan, the growth of revenue excludes special
projects 2 Operational income – our EBIT – is adjusted for IFRS
standard on leases, amortization of intangible assets related to
acquisitions, stock-based compensation expense and restructuring
charges
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version on businesswire.com: https://www.businesswire.com/news/home/20211028005785/en/
ESI Group Florence Barré investors@esi-group.com +33 1 49 78 28 28
Verbatee - Press & Shareholder Relations Jérôme
Goaer, j.goaer@verbatee.com, +33 6 61 61 79 34 Aline Besselièvre,
a.besselievre@verbatee.com, +33 6 61 85 10 05
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