ESI Group: Half-year Sales and Results 2020

Resilience of the solid installed base in an exceptional context of global health crisis

  • Half year revenue decreased 8.5%; costs contained; stable gross margin & EBITDA margin down from 24.2% to 18.6%
  • Half-year sales supported by strong recurrence (87.7%), resiliency driver of ESI’s business model
  • Cash management under control (€24.7m vs. €16.3m in June FY19)
  • Growing recognition & support for ESI’s value in mission critical industrial transformation

PARIS — (BUSINESS WIRE) — September 10, 2020 — Regulatory News:

ESI Group, (Paris: ESI) (ISIN Code: FR0004110310, Symbol: ESI), today publishes its sales and results for the first half of its 2020 fiscal year (period from January 1st to June 30th), approved by the Board of Directors on September 8, 2020.

Cristel de Rouvray, Chief Executive Officer of ESI Group, comments: “In H1, while we experienced a sudden decrease in our customer’s ability to open new projects, the solidity of our multi-year, mission critical engagements with diversified industry leaders sustained us. As we continue to manage this global pandemic, we are balancing two business imperatives: proactive cost management to optimize near-term financial health and continuation of our transformation plan. The latter gains momentum, reflected in a growing number of customer engagements positioned at the level of “outcome” and mounting interest in ESI’s offer, as evidenced in wide participation at our regular digital events.

(€m)

6/30/2020

6/30/2019

Change

 

6m

6m proforma

Current rate

Constant rate (cer)

Q1 – Sales

54.9

58.4

(6.1%)

(6.9%)

Licenses

48.8

50.8

(4.0%)

(4.8%)

Services

6.1

7.6

(20.3%)

(20.9%)

Q2 – Sales

25.9

29.9

(13.2%)

(13.5%)

Licenses

20.4

22.5

(9.4%)

(9.7%)

Services

5.5

7.4

(24.8%)

(24.9%)

H1 – Sales

80.8

88.3

(8.5%)

(9.1%)

Licenses

69.2

73.3

(5.6%)

(6.3%)

Services

11.6

15.0

(22.5%)

(22.9%)

Gross Margin

62.4

68.6

(9.1%)

(9.8%)

% Sales

77.3%

77.7%

 

 

EBITDA ( before IFRS16 1 )

15.0

21.3

(29.5%)

(31.4%)

% Sales

18.6%

24.2%

 

 

EBIT ( before IFRS16 )

12.5

19.6

(36.3%)

(38.4%)

% Sales

15.4%

22.2%

 

 

IFRS 16 – Impacts

 

 

 

 

- EBITDA

3.0

2.8

 

 

- Operating Result

0.2

-

 

 

 


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Reviews:
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  • Nice information! September 16, 2020
    Reviewed by 'Johnny Expert'
    Oh, this sales, business, finances, and other complicated stuff!
    I am sorry but I am very much tired of these terms. I breathed a sigh of relief, once I got my Business and Finances projects done by the help of Certified online assignments experts. That’s because maybe I had missed a few classes and my concepts were unclear. Anyways, nice information!


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