CIMdata PLM Industry Summary Online Archive
12 June 2007
Financial News
ESI Group First Quarter FY07 - Licence Sales : +11.7 by Volume - Growth Momentum Continuing
ESI Group announced its consolidated sales for its first quarter to 30th April 2007.
(€ millions) |
Q1 2007 |
Q1 2006 |
Change by volume ( %) |
Actual change (%) |
Licences
|
10.4 |
9.8 |
+11.7% |
+6.1% |
Services and other revenues |
3.1 |
3.0 |
+8.7% |
+5.4%
|
Total sales
|
13.5 |
12.8 |
+11.0% |
+5.9% |
The Group's FY runs to 31st January
ESI Group sales totalled 13.5 million euros for the first quarter of its 2007 financial year, up +11.0% in volume (organic growth at constant perimeter). Due to a substantial currency effect over the period, actual growth in euros was up +5.9%.
The activity split remained stable between the Group's two business activities that are Licences and Services, as well as geographically (82% of sales abroad). The 11.0% rate of growth in volume was homogenous across the European, Asian and American areas, and demonstrates the good spreading and increasing adoption of the Group's solutions by manufacturers around the world.
Licences activity remained particularly buoyant with a growth of +11.7% in volume. Licence sales recurrence improved in comparison to the Q1-FY06 figures to reach the high rate of 82%, whilst new business (new products and new clients) recorded a very substantial growth of +31% in both emerging and industrialised countries.
Services activity also showed a renewed growth (+8.7% in volume), notably due to a further strengthening of demand on high added value projects (engineering services) associated with the development and adoption by industry of virtual simulation technologies and methodologies for Simulation Based Design (SBD).
At 30th April 2007, available cash was up significantly, at 12.3 million euros (vs. 9.7 million euros at 31st January 2007) at a satisfactory level.
Alain de Rouvray, the ESI Group's Chairman and CEO, concludes: "Despite a particularly unfavourable exchange rate evolution over the period, reported sales for the first three months of our fiscal year demonstrate a fine takeoff in activity. In particular for Licences, mature products are continuing their transition towards 2G solutions whilst emerging and innovative products remains efficient growth relays. Regarding Services, booking order prospects are again encouraging, and confirm the expected upturn in this activity through FY 2007."
Sales for the first half of 2007/08 will be published on 11th September
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