The deployment of ESI Group’s solutions among global industrial leaders and their subcontractors has been characterized by the amplification of the Company’s successes, notably among major automotive manufacturers and in particular among our traditional and emblematic strategic partners such as Volkswagen Group, Renault-Nissan and Honda. Our sectorial diversification strategy has also continued, and has been intensified in the aerospace, energy and heavy industry sectors. Regarding the product offer, the virtual reality solution has performed particularly well through the strengthening of existing collaborations or through new cooperations with industrial leaders in the aerospace and transportation sectors, including Boeing, Bombardier and Sikorsky Aircraft Corporation.
Realization of the strategic vision
The expansion of the Group’s strategic positioning, notably thanks to the newly acquired technological building blocks, has further enhanced our growth potential. In particular, the acquisition of ITI GmbH in January 2016 has given the Group a recognized presence in the simulation of 0D-1D systems. The latter’s expertise, which is acknowledged by major global companies, allows direct access to an industrial product functional features and to represent its interactions with its 3D components. Most importantly, the use of the information technologies of the future (ICT) that address Big Data, Machine Learning and the Internet of Things (IoT) now allow to present and experience ESI’s solutions in an interactive space and to enable real-time decision-making in a virtual immersive environment. The innovative virtual prototype can now become agile and smart to support industrial manufacturers in their transformation towards the era of factories of the future and of autonomous digital products.
Reconciliation table following the standardization in the definition of EBITDA
| FY15 | FY14 | Δ actual terms | |||||||||||||||||
| % | amount | ||||||||||||||||||
| Turnover | 124.7 | 111.0 | 12.3% | 13.7 | |||||||||||||||
| EBITDA - former definition | 11.7 | 10,1 | 15.3% | 1.5 | |||||||||||||||
| of which organic | 13.6 | 10,1 | 34.5% | 3.5 | |||||||||||||||
| of which 2015 M&A | -1.9 | 0,0 | -1.9 | ||||||||||||||||
| R&D capitalization - net effect | 3.5 | 1.2 | 2.3 | ||||||||||||||||
| Net provisions for accounts receivable depreciation | -0.8 | -0.4 | -0.4 | ||||||||||||||||
| EBITDA - new definition | 14.3 | 10.8 | 32.2% | 3.5 | |||||||||||||||
| of which organic | 14.8 | 10.8 | 37.2% | 4.0 | |||||||||||||||
| of which 2015 M&A | -0.5 | 0.0 | -0.5 | ||||||||||||||||
| Amortization on other tangible and intangible assets | -2.2 | -2.1 | -0.1 | ||||||||||||||||
| Other net provisions | -0.2 | 0.3 | 0.5 | ||||||||||||||||
| Current Operating Profit | 11.8 | 9.0 | 31.8% | 2.9 | |||||||||||||||
