Acquisition during the period: “Scilab Enterprises” was consolidated from February 28, 2017.
Sales for the 3rd quarter
Sales for
the 3rd quarter at constant exchange rates were down 2.4%
year upon year to €24.9 million. There was a negative currency effect of
€1.3 million during the period mostly related to the depreciation of the
Japanese yen against the euro.
Sales from the Licenses business
fell 3.6% to €17.8 million, reflecting the impact of repositioning a
contract in Asia for approximately €1 million. This contract will be
renewed in the fourth quarter of the year.
Revenue from Services
grew by 1.0% at constant exchange rates to €7.2 million on the back of
4.8% growth in Engineering Studies (at constant exchange rates) which
were supported by fine performances in Europe and increased revenue from
Special Projects, in support of strategic innovation.
Nine-month sales
Sales for the first nine months of the year
came in at €78.7 million, down 3.8% at constant exchange rates. As in
the first-half of the year, these figures reflect a strong base effect
due to the excellent performance in the first nine months of 2016 and
the impact of the Group’s transformation strategy. Sales driven by the
change of perimeter amounted to €0.4 million, corresponding to the
acquisition of Scilab Enterprises in February 2017. There was a negative
currency effect of €1.1 million during the period due to the
depreciation of the Japanese yen against the euro.
The product mix
remained stable during the first nine months: Licenses generated 72.2%
of total revenue (versus 72.0% in the same period in 2016).
Licenses
Revenue from Licenses declined 3.4% year-on-year to
€56.8 million at constant exchange rates. The ratio of New Business was
stable at 22.0% (at constant exchange rates) and the Repeat Business
rate was 73.4%. These indicators were notably impacted by lower
year-on-year sales of perpetual licenses.
Services
The Services business reported a 4.6% drop in sales
to €21.9 million (at constant exchange rates) but revenue from Special
Projects continued to rise, reflecting the growth in co-creation and
methodological transformational projects that harness new embedded
technologies.
Geographic mix
Europe accounted for 40.4% of total revenue
(at constant exchange rates), compared to 38.3% for the first nine
months of 2016. The contribution of the Americas region was stable at
16.0% while Asia contributed 43.6% of total revenue (versus 45.7% last
year).
Next event:
Actionaria forum:
November 23-24, 2017
Paris (France)
About ESI Group
ESI Group is a leading innovator in Virtual Prototyping software and services. Specialist in material physics, ESI has developed a unique proficiency in helping industrial manufacturers replace physical prototypes by virtual prototypes, allowing them to virtually manufacture, assemble, test and pre-certify their future products. Coupled with the latest technologies, Virtual Prototyping is now anchored in the wider concept of the Product Performance Lifecycle, which addresses the operational performance of a product during its entire lifecycle, from launch to disposal. The creation of Hybrid TwinTM, leveraging simulation, physics and data analysis, enables manufacturers to deliver smarter and connected products, to predict product performance and to anticipate maintenance needs.
ESI is a French company listed in compartment B of Euronext Paris. Present in more than 40 countries, and addressing every major industrial sector, ESI Group employs about 1200 high-level specialists around the world and reported annual sales of €141 million in 2016.
For further information, go to www.esi-group.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171121005860/en/
Contact:
Investor Relations
ESI Group – Europe/Asia
Corinne
Romefort-Régnier
Justine
Brosset
+33 1 53 65 14 41
or
ESI Group – Americas
Corinne
Romefort-Régnier, +1 415 994 3570
or
NewCap
Emmanuel
Huynh
Louis-Victor
Delouvrier
+33 1 44 71 98 53
