Sales up +2.7% over the first 9 months at constant currency (-4.2% in actual terms)
- Strong negative currency and base effects
- Dynamic activity in Europe and in BRIC countries
- Adoption of our disruptive solutions by innovative industrial leaders
- Strategic acquisition of CyDesign Labs.
Alain de Rouvray, ESI Group’s Chairman and CEO, says: “The Group's fundamentals remain solid at a time when the economy is in a phase of consolidation and transition. Adjusted for currency effects and the high base for comparison, both of which are particularly challenging in the current period, the strong sales growth seen in the previous period is continuing and our solutions are showing good momentum. The current build-up of strategic partnerships with large customers reflects ESI Group's growing role as a leader of disruptive methods that are vital in helping innovative companies in sectors like transport, aerospace and energy to make changes in a fast-moving regulatory and competitive environment. In addition, the recent acquisition of CyDesign brings novel SaaS and open-source and cloud access solutions which provide an exceptional boost to productivity and competitiveness. This is driven by the inevitable adoption of End-to-End virtual prototyping, from the specification stage onwards, and requires flexible modelling from 0D-1D to 3D-4D.”
To view an unabridged version of this press release, visit: http://www.esi-group.com/company/investors/news/sales-3rd-quarter-2013
