PARIS — (BUSINESS WIRE) — April 24, 2014 — Regulatory News:
ESI Group (Paris: ESI):
Substantial improvement in operating profitability at constant currency
- Improvement in EBITDA at constant currency (+44.7%) and actual terms (+8.5%)
- Operating costs under control
- Impact of non-recurrent expenses
- Efficiency of the business model
- Dynamic activity amongst major clients
Alain de Rouvray, ESI Group’s Chairman and CEO, comments: “We are pleased with the substantial improvement recorded in operating profitability at constant currency over this year; one heavily affected by currency effects. In accordance with our expectations, this transition year showed the impact of operating costs control that resulted in a solid EBITDA growth and confirmed the efficiency of our business model. However, EBIT and net profit in actual terms were affected by non-recurrent expenses.
The 2014 financial year, and notably the second half, should benefit from the growing number of multi-year and multi-sector strategic agreements signed with major groups at the end of 2013 and the positive prospects of our recent acquisitions. This trend reveals an acceleration in the industrial deployment of our virtual prototyping solutions, which are fully benefitting from “exponential” innovative IT technologies.”
Consolidated annual results
| € millions |
FY’13
to January 31, 2014 |
FY’12
to January 31, 2013 |
Δ actual terms |
FY’13
constant currency |
Δ constant currency | |||||||||
| €m | % | €m | % | |||||||||||
| Total sales | 109.3 | 109.0 | 0.3 | +0.3% | 116.3 | 7.2 | +6.6% | |||||||
| Licenses | 80.6 | 77.5 | 3.1 | +4.0% | 86.1 | 8.6 | +11.1% | |||||||
| Services | 28.7 | 31.5 | -2.8 | -18.9% | 30.1 | -1.4 | -4.4% | |||||||
| Gross margin | 75.0 | 74.3 | 0.8 | +1.0% | 80.5 | 6.3 | +8.5% | |||||||
| % of sales | 68.6% | 68.1% | 69.3% | |||||||||||
| EBITDA* | 9.6 | 8.8 | 0.7 | +8.5 % | 12.7 | 3.9 | +44.7% | |||||||
| % of sales | 8.7% | 8.1% | 11.0% | |||||||||||
| Core operating profit | 7.9 | 8.8 | -1.0 | - 10.8% | 11.0 | 2.2 | +25.3% | |||||||
| % of sales | 7.2% | 8.1% | 9.5% | |||||||||||
| EBIT | 6.2 | 8.0 | -1.9 | -23.5% | 9.3 | 1.3 | +16.1% | |||||||
| % of sales | 5.6% | 7.4% | 8.0% | |||||||||||
| Attributable net profit | 2.4 | 5.0 | -2.6 | - 51.8% | 4.4 | -0.6 | -12.0% | |||||||
| % of sales | 2.2% | 4.6% | 3.8% | |||||||||||
