Resilience of the solid installed base in an exceptional context of global health crisis

• Half year revenue decreased 8.5%; costs contained; stable gross margin & EBITDA margin down from 24.2% to 18.6%
• Half-year sales supported by strong recurrence (87.7%), resiliency driver of ESI’s business model
• Cash management under control (€24.7m vs. €16.3m in June FY19)
• Growing recognition & support for ESI’s value in mission critical industrial transformation

PARIS — (BUSINESS WIRE) — September 10, 2020 — Regulatory News:

ESI Group, (Paris: ESI) (ISIN Code: FR0004110310, Symbol: ESI), today publishes its sales and results for the first half of its 2020 fiscal year (period from January 1^st to June 30^th), approved by the Board of Directors on September 8, 2020.

Cristel de Rouvray, Chief Executive Officer of ESI Group, comments: “In H1, while we experienced a sudden decrease in our customer’s ability to open new projects, the solidity of our multi-year, mission critical engagements with diversified industry leaders sustained us. As we continue to manage this global pandemic, we are balancing two business imperatives: proactive cost management to optimize near-term financial health and continuation of our transformation plan. The latter gains momentum, reflected in a growing number of customer engagements positioned at the level of “outcome” and mounting interest in ESI’s offer, as evidenced in wide participation at our regular digital events.”