CIMdata PLM Industry Summary Online Archive
11 December 2007
Financial News
ESI Group: 2007/08 Third-Quarter Sales - Substantial Growth in Services Activity
ESI Group announced its consolidated sales for its third quarter to 31st October 2007 and the first 9 months of its 2007/2008 financial year.
Sales for the third quarter of the Group's 2007/08 financial year totalled 12.9 million euros, with organic growth by volume of +5.6% compared to the third quarter of the previous financial year.
The acceleration in growth recorded by Services associated with high value-added projects has been reaffirmed, with Services sales jumping +28.9% by volume to 3.7 million euros.
Licences sales totalled 9.2 million euros. This almost stable sales figure in volume terms should be put into perspective, as this activity is highly seasonal and that the third quarter of last year saw substantial growth of +14.6%, thus weighing on the comparison between Q3-06 and Q3-07.
Sales for the first 9 months of the Group's financial year, entirely organic, totalled 40.5 million euros, up +8.6% by volume.
The negative evolution of exchange rates in Asia and contributed -8.2% and -8.4% respectively to growth over the 9 months. These two zones represent 57% of total activity over the period, leading to an exchange rate impact in sales terms of -1.8 million euros.
Licences activity totalled 30.05 million euros over the 9 months, up +4.9% by volume. Services activity recorded a +21.1% jump by volume to 10.5 million euros.
Alain de Rouvray, ESI Group's Chairman and CEO, concludes: "Activity over our third quarter illustrates the confirmation of the trend noted over the first half of the year, i.e. a strengthening of Services activity essentially associated with high value-added projects. This improvement lays witness to ESI Group's ability to implement, amongst OEMs, physics based realistic digital simulation processes in an industrial context. The seasonality of our sales over this fiscal year should further increase, with a substantial proportion of our Licences activity recorded during our final quarter."
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