CIMdata PLM Industry Summary Online Archive
27 September 2012
Financial News
ESI Group: Results for the First Half of 2012/13
Alain de Rouvray, ESI Group’s Chairman and CEO, comments:
“This first half confirms the global trends observed in recent half years, both on a sales level and on an operating level. The dynamic organic growth, combined with the very strong performance of our recurring installed base and the improvement recorded by our high-end services, increases our confidence in the achievement of our development plan for the second half.
Our organic results confirm our effective cost control within a context of strong growth. In the short and medium term, we are seeing a strong desire by our industrial partners to adopt End to End Virtual Prototyping, as well as the need for close collaboration on major innovative projects. This trend is also being confirmed by a substantial improvement in business with certain industrial segments, including the automotive industry, in today’s challenging economic climate.
Lastly, our acquisition policy, which is an integral part of our growth strategy, contributed to this first-half growth thanks to the IC.IDO acquisition past year. Furthermore, the recent integration of OpenCFD Ltd. opens the way for rapid sales deployment thanks to the originality and strength of the open-source business model.
All of these positive factors give us reason to be confident and determined regarding the second half of our 2012/2013 financial year.”
First-half sales recorded organic growth of +16.1%
As announced on September 13, 2012, first-half sales totaled 44.7 million euros, an increase of +22.2% in actual terms and +16.1% organically. The currency effect for the organic scope was 5.8% over the period.
The key indicators were all positive over the half:
- Licences revenue amounted to €30.2 million, up +20.9% in actual terms and +14.4% organically.
- The Licences installed base recorded growth of +22.3% in actual terms and +18.9% organically, and totaled 21.7 million euros.
- Licences repeat business stood at a particularly high level of 92%, helped by a positive currency effect.
- Licences New Business was up +11.2% in actual terms, due to the scope effect resulting from the integration of IC.IDO.
- Services activity, which was particularly dynamic over the second quarter, recorded sales of 14.6 million euros, an increase of +24.9% in actual terms and +19.6% organically.
First-half growth revealed the upramping of BRIC countries (Brazil, Russia, India and China), with their share of total sales increasing to 12.0% versus 10.8% a year earlier, recording growth of +23%. Overall, the geographical split in activity remained relatively stable with Europe accounting for 38% of first-half activity, Asia 43% and the Americas 20%.
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