ESI Group: Nine-Month 2017 Sales: €78.7 Million

Base effect following the strong performance in 2016
Construction and validation of Industry 4.0 solutions

PARIS — (BUSINESS WIRE) — November 21, 2017 — Regulatory News:

Commenting on the quarterly results, Alain de Rouvray, Chairman and Chief Executive Officer of ESI Group (Paris: ESI), said: “This quarter marks a milestone in the introduction of our transformational offer to answer Industry 4.0 grand challenges. While we continue to strengthen our Virtual Prototype core business based on the virtual pre-certification of innovative industrial products, we are concurrently building our new Hybrid Twin^TM disruptive solutions to represent the used product in its ‘in-service’ operational conditions.
This strong transformational approach builds upon ESI’s recent acquisitions of innovative technologies (Big data, IoT, A.I.) to virtually shape in co-creation with our lead strategic customers the new innovative designs, materials and manufacturing processes required for their connected and assisted products of the future. It targets product predictive performance and maintenance, to optimize repairs, facilitate certification update, and minimize recalls. Once the brand-new Product is ‘right the first time’ thanks to its pre-certified Virtual Prototype, it must be kept right when in-Service, and perform right in real life with its connected and operationally assisted ‘Hybrid Twin^TM’.
As anticipated, the lackluster of our third quarter financials does not realistically reflect the considerable transformative added value being built with our strategic partners and global industry leaders. So, we reiterate our strong confidence in ESI’s ability to recover its growth momentum in 2018. This view is reinforced by the enthusiasm already shown by our partners and early adopters worldwide.

Change in third-quarter and year-to-date sales

Financial year ending January 31 (unaudited figures)
The third-quarter ends on 31 October.

In € millions	Q3 2017	Q3 2016	% Î”	% Î” (cer¹)
Licenses	17.8	19.5	-8.9%	-3.6%
Services	7.2	7.4	-2.8%	+1.0%
Total	24.9	26.9	-7.2%	-2.4%

In € millions	Sales 9 months 2017	Sales 9 months 2016	% Î”	% Î” (cer ¹ )
Licenses	56.8	59.7	-4.8%	-3.4%
Services	21.9	23.2	-5.6%	-4.6%
Total	78.7	82.8	-5.0%	-3.8%

1 | 2 | 3 Next Page »