There was a financial loss of -0.9 million euros in 2013, compared with a neutral financial result in 2012. This includes an interest expense of -1.0 million euros and a marginal positive impact of +0.1 million euros associated with currency effects. Indeed, although hedging instruments generated a total cash gain of +0.8 million euros in 2013, this impact was provisioned in the 2012 accounts to an amount of 0.7 million euros.
Attributable net profit totalled 2.4 million euros in actual terms, giving a net margin of 2.2%, compared with 5.0 million euros in 2012, with the currency effect having an impact of -2.0 million euros in this figure. The tax burden, particularly high at 2.7 million euros (52.9% average rate), was notably impacted by a provision for tax risks.
Solid financial structure
The Group had 10.7 million euros in available cash at the end of 2013. Net debt was €14.0 million vs. €10.9 million at January 31, 2013, whilst gearing (net debt over shareholders’ equity) was limited to 17.5%, an improvement on the figure of 14.1% at the end of 2012.
At January 31, 2014, ESI Group also held 6.92% of its capital in treasury stocks.
ESI is a pioneer and world-leading provider in Virtual Prototyping that takes into account the physics of materials. ESI boasts a unique know-how in Virtual Product Engineering, based on an integrated suite of coherent, industry-oriented applications. Addressing manufacturing industries, Virtual Product Engineering aims to replace physical prototypes by realistically simulating a product’s behaviour during testing, to fine-tune fabrication and assembly processes in accordance with desired product performance, and to evaluate the impact on product use under normal or accidental conditions. ESI’s solutions fit into a single collaborative and open environment for End-to-End Virtual Prototyping. These solutions are delivered using the latest technologies, including immersive Virtual Reality, to bring products to life in 3D; helping customers make the right decisions throughout product development. The company employs about 1,000 high-level specialists worldwide covering more than 40 countries. ESI Group is listed in compartment C of NYSE Euronext Paris.
ESI Group: winner of the 2014 ASMEP-ETI/Bpifrance award in the “Innovation and industrial strategy” category
For further information, visit www.esi-group.com.
ESI is the leader and a pioneer in virtual prototyping solutions.
Stock market information
Listed on compartment C of the NYSE Euronext Paris
ISIN FR 0004110310
Bloomberg ESI FP
Granted “entreprise innovante” (innovative company) certification on January 20, 2000 by Bpifrance (ex-OSEO), ESI Group is eligible for inclusion in FCPI (venture capital trusts dedicated to innovation) and PEA-PME funds
Q1 2014 revenue:
June 12, 2014
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