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Dassault Systèmes announces IFRS unaudited financial results for the third quarter and nine months ended September 30, 2018. These results were reviewed by the Company’s Board of Directors on October 23, 2018. The Company has adopted IFRS 15 as of January 1, 2018. This press release includes 2018 third quarter and nine-month financial results under IFRS 15 as well as under the prior IAS 18 standard and includes a summary explanation of the major differences for the Company. In addition, this press release also includes financial information on a non-IFRS basis (both IFRS 15 and IAS 18) with reconciliations included in the Appendix to this communication.

 Third Quarter and Nine Months 2018 Highlights and Financial Summary

(Unaudited, with references to IAS 18 data, revenue growth at constant currency)

Q318 FINANCIAL PERFORMANCE :

·         Q3 well aligned with Dassault Systèmes’ non-IFRS IAS 18 objectives: total revenue up 10% and software revenue up 9% at constant currency, operating margin at 30.9%, EPS up 11% at €0.71

·         Organic licenses revenue growth well in line, up 8% YTD at constant currency (non-IFRS IAS 18)

·         3DEXPERIENCE software revenue up 19% YTD at constant currency (non-IFRS IAS 18)

·         YTD software revenue up strongly in Transportation & Mobility; Energy, Process & Utilities; Consumer Goods and CPG-Retail; Marine & Offshore; Natural Resources; and Architecture, Engineering & Construction (non-IFRS IAS 18)

·         Cash flow from operations up 11% YTD to €747 million (IAS 18)

2018 FINANCIAL OBJECTIVES REAFFIRMED (IAS 18 non-IFRS):

·         Q4 2018 total revenue objective of about €982 million to €1.00 billion growing about 9% to 11% in constant currencies; IAS 18 non-IFRS EPS of about €0.96 to €1.00, representing growth of 8% to 12%

·         FY 2018 targeting total revenues of €3.425 – €3.450 billion, up 9% to 10% at constant currency and EPS of €2.98 to €3.02, up 11% to 13%

To view the original press release, please click here.

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