ESI Group: First-Half 2017 Results

Deployment of 2016-2020 Plan

Strategic transformation to position the industry to face future challenges

  • Base effect following the strong performance in H1 2016
  • Integration of new technologies as part of ESI’s PPL approach
  • Amplification of the sales and marketing transformation phase
  • Strategic strengthening of our ecosystem

PARIS — (BUSINESS WIRE) — September 19, 2017 — Regulatory News:

Commenting on the half-year results, Alain de Rouvray, Chairman and Chief Executive Officer of ESI Group (Paris: ESI), said: “In the wake of 2016, which featured fine performances across all indicators and the consolidation of a number of new acquisitions, we have ramped up our five-year strategic transformation plan – “Objective 2020” – designed to keep pace with the economic and industrial trends of the new “Outcome Economy”. Within this context of deep transformation, our ongoing drive to adapt our operational resources in H1 2017 took its toll on results for the period, which also suffered from a prior-period comparable basis. Priority was given to investments initiated in the first quarter of the year to provide support for the launch of our disruptive ‘PPL’ (Product Performance LifecycleTM) approach. The Group’s new solutions are based on the shift of Virtual Prototyping towards a connected Hybrid TwinTM; making it possible, for example, to provide virtual support for predictive maintenance, as well as for production control and assisted or autonomous driving. Our solutions are tackling the key challenges of the Industry of the Future by providing businesses with complete control over a product's entire lifecycle, from design to ultimate withdrawal, through manufacturing of the new product and operational maintenance of the used product that factors in the consequences of wear and tear, including repair of the damages sustained while in service.
This in-depth transformation in our offering is expected to last for several quarters. But thanks to the compelling investments, the deployment of Hybrid Twin™ solutions should enable the Group to reap the benefits of the exceptional innovation and growth potential inherent in this new – technologically and economically – "disruptive" positioning.

Consolidated half-year results

Half year closed on July 31

In € millions   H1-FY 17   H1-FY 16  

Δ at current
exchange rates

       
Total sales 53.7 56.0 -4.0%
Licenses 39.0 40.2 -2.8%
Services 14.7 15.8 -6.9%
 
Gross margin 36.2 39.1 -2,9 (-7.4%)
% of sales 67.3% 69.8%
 
EBITDA* -3.9 -0.3 -3.5
% of sales -7.3% -0.6%
 
Current operating profit (loss) -5.5 -1.8 -3.6
% of sales -10.1% -3.3%
 
EBIT -6.0 -2.8 -3.2
% of sales -11.3% -5.1%
 
Attributable net profit (loss) -5.9 -3.5 -2.4
% of sales   -11.0%   -6.2%    
Available cash flow   14.8   19.3   -4.5

1 | 2 | 3  Next Page »



Review Article Be the first to review this article
Featured Video
Editorial
Jobs
MECHANICAL ENGINEERING for L3Harris at Hamilton,, Canada
Mechanical Engineer Advisor for Halliburton at Houston, Texas
GIS Specialist for Washington City Utah at Washington, Utah
ASIC Architects and Hardware Engineers at D. E. Shaw Research for D. E. Shaw Research at New York, New York
Upcoming Events
IMTS 2022 at McCormick Place Chicago IL - Sep 12 - 17, 2022
FABTECH 2022 at Georgia World Congress Center Atlanta GA - Nov 8 - 10, 2022



© 2022 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise