Dassault Systèmes announces IFRS unaudited financial results for the fourth quarter and year ended December 31, 2018. These results were reviewed by the Company’s Board of Directors on February 5, 2019. The Company adopted IFRS 15 as of January 1, 2018. This press release includes 2018 fourth quarter and twelve-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.
Fourth Quarter and Full Year 2018 Highlights and Financial Summary
(Unaudited, with references to IAS 18 data, all revenue growth at constant currency (exfx)
2018 4th QUARTER and FY RESULTS
- On an organic basis, Q4 total revenue up 10%, software revenue up 8%, license revenue up 11% and services revenue up 26% (IAS 18 exfx)
- Non-IFRS EPS above objectives at €1.10 (+24%) for Q4 and €3.11 (+20%) for FY
- Cash flow from operations up 21% to €899 million in 2018
- 3DEXPERIENCE software revenue up 24% in FY
- Asia and Europe lead Q4 and FY, with notable strength in Japan, China and Western Europe
- Airbus selects the 3DEXPERIENCE platform for its Global Enterprise Digital Transformation Program
- Acquisition of IQMS, a California based manufacturing ERP Software Company, for $425 million to extend the 3DEXPERIENCE platform to small and midsized manufacturing companies seeking to digitally transform their business operations
2019 FINANCIAL OBJECTIVES
- Non-IFRS Revenue Objective: €3.810 to 3.840 billion, about +10-11% in constant currencies
- Non-IFRS Operating Margin Objective: about 32 to 32.5%
- Non-IFRS EPS Objectives: €3.35-3.40, +9-11% in constant currency
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