Dassault Systèmes announces IFRS unaudited financial results for the 4th quarter and year ended December 31st, 2019. These results were reviewed by the Group’s Board of Directors on February 5th, 2020. This press release also includes financial information on a non-IFRS basis with reconciliations included in the Appendix to this communication. All IFRS and non-IFRS figures are presented in compliance with IFRS 15 and IFRS 16, which have been applied since January 1st, 2018 and January 1st, 2019, respectively.
Q4 and Fiscal Year 2019 Highlights and Financial Summary
(Unaudited, all revenue growth at constant currency)
Q4 & FY 2019: total revenue in line with guidance range
Q4 non-IFRS basis: total revenue €1.21 billion, operating margin 33.6%, EPS €1.20
FY non-IFRS basis: total revenue up 13% to €4.06 billion, EPS up 17% (13% at constant currency) to €3.65
FY non-IFRS organic basis: recurring revenue up 8%, 200 basis points uplift over 2018**
FY 3DEXPERIENCE non-IFRS software revenue up 22% for 2019
FY Cash flow from operations up 32% to €1.19 billion
Appointment of Pascal Daloz as Chief Operating Officer & Chief Financial Officer
Initiating 2020 non-IFRS financial objectives: Non-IFRS total revenue growth of 21-23% at constant currency; non-IFRS EPS growth of 14-15% to €4.15 to €4.20