ESI Group: Third-quarter 2020 Sales

  • Q3 2020 following similar trends as H1 2020
  • Resilient installed base
  • Negative Impact from exchange rates
  • Growing customer excitement for ESI solutions consistent with new business based on ability to deliver outcome value

PARIS — (BUSINESS WIRE) — October 27, 2020 — Regulatory News:

ESI Group, (Paris: ESI) (ISIN Code: FR0004110310, Symbol: ESI), releases its sales for the third quarter of 2020 (period from July 1st to September 30th).

Cristel de Rouvray, Chief Executive Officer of ESI Group, comments: “In Q3 we report similar trends as presented since the start of the pandemic crisis: a strong resistance with a slight growth in Licenses Repeat business together with a serious decrease in Services and New License activity, driven by customers’ own need to pause some activities. We thus continue to very carefully manage costs. Yet, we observe a growing readiness from industrialists to engage in or pursue their digital transformation, from existing reliance on real testing for validation to increasingly anchor more on iterative and virtual testing and collaborative methods. Because of ESI’s unique ability to deliver highly realistic and predictive simulation models they are shifting budgets from real testing to virtual prototyping – propelling it beyond the R&D departments to being used on a real-time basis, in design, manufacturing and operations with high proven benefits. For ESI, this means continued robustness of the existing business and a revival of innovative new business, thanks to local and global initiatives.”

Sales (€m)

2020

2019 proforma

Change

 

 

 

 

 

 

Current rate

 

Constant rate

Q3 Licenses

17.0

 

18.4

 

(7.8)%

 

(3.9)%

Q3 Services

 

4.9

 

6.4

 

(24.1)%

 

(22.2)%

Q3 Total

 

21.8

 

24.8

 

(12.0)%

 

(8.6)%

9-month Licenses

 

86.2

 

91.7

 

(6.1)%

 

(5.8)%

9-month Services

 

16.5

 

21.4

 

(23.0)%

 

(22.7)%

9 months Total

 

102.6

 

113.1

 

(9.3)%

 

(9.0)%

Third quarter year-over-year comparison

In Q3 2020 ESI Group generated sales of €21.8m (-12.0% at current exchange rates), impacted by unfavorable exchange rate trends (-8.6% at constant exchange rate – cer). This third quarter lies in the same dynamics as the first half of 2020.

1 | 2  Next Page »



Review Article Be the first to review this article

SolidCAM - See For Yourself

Featured Video
Editorial
Latest Blog Posts
Sanjay GangalMCADCafe Lens
by Sanjay Gangal
NVIDIA GTC October 2020 Keynote
Jobs
BIM Modeler for Woolpert at Oakbrook Terrace, Illinois
Upcoming Events
3D Collaboration & Interoperability Congress at Golden CO - Feb 20 - 24, 2021
RAPID + TCT 2020 Postponed to 2021 at Anaheim Convention Center Anaheim CA - Apr 2, 2021
WESTEC at Long Beach Convention Center CA - Sep 21 - 23, 2021
Kenesto: 30 day trial



© 2020 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