CIMdata PLM Industry Summary Online Archive
25 April 2013
Financial News
ESI Group: 2012/13 Annual Results
Highlights:
- Strong Growth in revenue attests to an offer aligned to challenges of industry
- Slowdown in growth on fourth quarter
- Continuation of investments aligned with growth strategy
- External growth objectives maintained
Alain de Rouvray, ESI Group’s Chairman and CEO, says: “With revenue totalling 109 million euros, spread over in more than 30 international subsidiaries, ESI Group has reached another milestone in its development. Nevertheless, the results published are below our expectations, impacted by an unexpected slowdown in growth at the end of our financial year and the continuation of M&A marketing and integration investments. The economic context leads to more cautious growth prospects and tighter control over operating costs. The Group’s fundamentals remain very solid, backed by good sales prospects. Moreover, within the framework of its development plan, the Group intends to continue pursuing its external growth strategy.”
To view an unabridged version of this press release, visit: http://www.esi-group.com/corporate/finance/news/financial-press-releases/2012-13-annual-results
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