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ESI Group : Revenue for the 1st Quarter of 2014
|By Business Wire
|June 12, 2014 12:23 PM EDT
Regulatory News :
Alain de Rouvray, ESI Group’s (Paris:ESI) Chairman and CEO, comments: “The
revenue recorded over the first quarter, traditionally a period of
relatively low business volume, confirms the vitality of the Licenses
activity, with sustained activity in the installed base and dynamic New
Licenses Business; giving a significant increase at constant currency.
At the same time, our activity supporting the transition towards virtual
prototyping is being strengthened through projects demanding a high
level of expertise and delivering high added value. Nevertheless, the
volume of Services remains affected by the strategic refocusing to
exclude low-value-added standard studies. The multi-year and
multi-sector strategic agreements signed at the end of 2013, together
with the positive prospects of our recent acquisitions and notably in
the field of Virtual Reality, are expected to bear fruit in the second
half of 2014. The Group’s fundamentals and growth prospects remain very
solid, as affirmed by the trust major OEMs have put in our innovative
solutions as they seek to accelerate the vital move towards the digital
factory and virtual engineering.”
1st quarter revenue
The Company’s financial year runs to January 31 (unaudited data)
convention, the financial year from 01/02/2014 to 31/01/2015 is referred
to simply as 2014.
to 30 April
to 30 April
* cc: constant currency
Reminder: the seasonal nature of ESI Group's Licenses sales usually
results in the largest proportion of full-year revenue being recorded
over the fourth quarter of the year.
CyDesign’s activity has been incorporated within the Group’s scope
since October 21, 2013.
Revenue for the 1st quarter of 2014
for the first quarter of 2014 totalled 20.1 million euros, a decrease of
- 2.8% at constant currency (-6.8% in actual terms) on the same quarter
last year. The product mix shifted towards Licenses, which accounted for
70.5% of revenue compared with 67.4% over the same period of 2013.
Licenses: increase in New Business, solid repeat business at constant
Licenses revenue totalled 14.2 million euros, giving
growth of +2.2% at constant currency (-2.5% in actual terms) despite an
unfavourable base effect. Adjusted for this effect, and at constant
currency, Licenses activity grew by +7.3% over the period. This is due
to the solid installed base as evidence by the high repeat business rate
of 83.4% (+1.4 percentage points compared with 2013). As for the New
Business, the growth of +14.3% at constant currency, was particularly
Services: refocusing on high-value-added segments
revenue totalled 5.9 million euros, down -1.2 million euros. This is a
result of the Group’s strategic refocusing on high expertise projects
associated with our core business and with higher value added; a move
initiated from the second quarter of 2013 and particularly affecting
business in the United States. This refocus intensifies activity of
support for our virtual prototyping solutions, the main driving force
behind the future development of Licenses activity.
At constant currency, the geographical
split in revenue moved towards Europe (44%), up 3 pp compared with last
year, whilst the weight of the Americas (17%) zone was down 3 pp and the
proportion of Asia (39%) zone stable.
At constant currency and adjusted for the base effect on Licensing,
activity in BRIC countries remained stable.
is a pioneer and world-leading player in virtual prototyping that take
into account the physics of materials. ESI
has developed an extensive suite of coherent, industry-oriented
applications to realistically simulate a product’s behaviour during
testing, to fine-tune manufacturing processes in accordance with desired
product performance, and to evaluate the environment’s impact on product
performance. This offer represents a unique collaborative and open
environment for Simulation-Based Design, enabling virtual prototypes to
be improved in a continuous and collaborative manner while eliminating
the need for physical prototypes during product development. Present in
over 40 countries, ESI
employs over 1,000 high-level specialists throughout its worldwide
network. ESI Group is listed on 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, go to www.esi-group.com.
ESI is on Twitter,
is the leader and a pioneer in virtual prototyping solutions.
Stock market information
Listed on compartment C
of the NYSE Euronext Paris
Bloomberg ESI FP
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.
Revenue for the 2nd quarter of 2014 will be
September 15, 2014
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