CIMdata PLM Industry Summary Online Archive
13 September 2013
Financial News
ESI Group: Revenue for the 1st half of 2013/14
Revenue for the 1st half of 2013/14: €44.3 million (+5.3% at constant currency)
- Negative base effect and substantial negative currency effect
- Good performance in Europe
- Activity remains dynamic in BRIC countries
- Strengthening of internal management control
Alain de Rouvray, ESI Group’s Chairman and CEO, says: “As in the previous quarter, fiscal year first-half activity was heavily impacted by a negative movement in currencies and a base effect from the excellent performance recorded over the first half of last year. Excluding these factors, demand for ESI Group’s virtual prototyping solutions remains very solid, as illustrated by the growth in activity in BRIC countries. Services activity stabilised in the half, as we consolidated on the strong growth of FY12. That impact combined with the currency effect is likely to significantly weigh on half-year results, albeit without altering the pursuance of the Group’s strategic plan. At the same time, with the help of its new Chief Financial Officer, the Group is continuing to strengthen its financial control and cost-monitoring management.”
To view an unabridged version of this press release, visit: http://www.esi-group.com/corporate/finance/news/financial-press-releases/revenue-for-the-1st-half-of-2013-14-20ac44-3-million-5-3-at-constant-currency
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