- Q3 2019 in continuity with the first half of the year
- Strengthening the sustainability of the business model through its high recurrence
- Note: exceptional 11-month year in FY 2019; year ends on 12/31/2019
PARIS — (BUSINESS WIRE) — November 19, 2019 — Regulatory News:
ESI Group (Paris: ESI), Paris, France, (ISIN code: FR0004110310, Symbol: ESI), today released its sales for the third quarter of 20191 (period from August 1 to October 31, 2019).
ESI Group provides mission critical software and solutions to leaders in several industries including Automotive, Aerospace, Heavy Industry, Energy and Defense. Specialist in material physics, ESI has developed a unique proficiency in helping industrial manufacturers replace real prototypes by virtual prototypes, allowing them to virtually pre-certify, manufacture, and maintain an asset, thus boosting both asset and organization performance.
Sales (€m) |
2019 |
2018 |
Change |
|||||
|
|
|
|
|
|
Current rate |
|
Constant rate |
Q3 Licenses |
20.7 |
20.6 |
+0.5% |
|
-2.9% |
|||
Q3 Services |
|
7.9 |
|
7.4 |
|
+6.6% |
|
+4.5% |
Q3 Total |
|
28.6 |
|
28.0 |
|
+2.1% |
|
-0.9% |
9 months Licenses |
|
61.5 |
|
60.0 |
|
+2.6% |
|
-0.5% |
9 months Services |
|
21.8 |
|
21.2 |
|
+2.9% |
|
+1.1% |
9 months Total |
|
83.4 |
|
81.2 |
|
+2.7% |
|
-0.1% |
9-month comparison
Over the first nine months of the 2018/19 financial year, ESI Group recorded sales growth of +2.7%, supported by a favorable currency impact (-0.1% cer i.e. constant exchange rates).
Revenues from License sales increased by +2.6% (-0.5% cer), representing 74% of total revenues. The rental installed base increased by +5,7% supported by the strong recurrence of the Licenses activity (82,5%). The New Business showed a slight cyclical decrease. The growing relative weight of recurring revenue increases both the predictability and sustainability of the business.
Sales of Services (Consulting) increased by +2.9% and represented 26% of sales over the period. Such consulting engagements habitually drive subsequent implementation of Licenses for new or existing customers.
ESI Group's global value proposition and its ability to operate in global markets is a highly valuable competitive advantage in supporting its clients. Over the first nine months of the year, sales growth was achieved in all regions: Americas (+6.2%), Asia (+3.0%) and EMEA (+0.9%).
Third-quarter year to year comparison
