ESI Group: FY 2019 Results: Improved Global Financial Performance

  • Improved profitability driven by topline growth
  • Strong position in ongoing industry digital transformation

PARIS — (BUSINESS WIRE) — March 23, 2020 — Regulatory News:

ESI Group, Paris, France, (Paris: ESI) (ISIN Code: FR0004110310, Symbol: ESI), releases its results for the financial year starting on February 1st, 2019 and ending on December 31st, 2019 (11 months), approved by the Board of Directors on March 19th, 2020. As decided at the Annual General Meeting of July 18th, 2019, the Group now closes the fiscal year on December 31st of each year, and therefore also presents its new twelve months proforma results.

Cristel de Rouvray, Chief Executive Officer of ESI Group, comments: “In FY’19 we increased growth while focusing on resource allocation to better control our costs. Our improved new fiscal year financial performance is the early result of a multi-year fundamental transformational effort that has comforted ESI’s position as the critical strategic partner for world class industrial leaders striving to accelerate their global digital transformation. Across key economic sectors, these leaders have maintained their commitment to pursue investing in our Hybrid Twin™ virtual prototyping solutions. This is the solid foundation of our confidence in our mid- and long-term business outlook. In the short-term, the disastrous coronavirus pandemic is expected to somewhat impact our H1. However, the resilience of our business model largely anchored on renewable and mission critical software licenses will help us manage full year risks. When industry recovers from this exceptional crisis, digital ways of working will be accelerated globally, fully dependent on ESI’s solutions to virtually anticipate and manage asset performance in-service, much beyond the traditional PLM certification target of the brand-new product.”

(€m)

FY 2019
12m proforma

FY 2018
12m proforma

Change

Change cer

Revenue

146.2

135.7

7.8%

5.6%

Licenses

115.9

106.9

8.4%

6.0%

Services

30.3

28.8

5.4%

3.8%

Gross margin

107.4

97.5

10.1%

7.6%

%revenue

73.4%

71.9%

 

 

EBITDA (before IFRS 161)

12.3

8.1

52.2%

39.9%

%revenue

8.4%

6.0%

 

 

EBIT (before IFRS 16)

8.3

3.6

126.6%

100%

%revenue

5.7%

2.7%

 

 

IFRS 16 – Impacts

 

 

 

 

- EBITDA

5.4

Nd

 

 

- EBIT

0.2

Nd

 

 


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