VÉLIZY-VILLACOUBLAY, France — (BUSINESS WIRE) — February 4, 2015 — Regulatory News:
Dassault Systèmes (Paris: DSY) (Euronext Paris: #13065, DSY.PA), the 3DEXPERIENCE Company, world leader in 3D design software, 3D Digital Mock Up and Product Lifecycle Management (PLM) solutions, today announced IFRS unaudited financial results for the fourth quarter and year ended December 31, 2014. These results were reviewed by the Company’s Board of Directors on February 4, 2015.
Summary Highlights
(unaudited)
- Organic new licenses revenue up 12% in Q4 and 10% in FY in constant currencies
- Organic non-IFRS operating margin growth of 150 basis points in FY
- Non-IFRS EPS up 15% in Q4
- 2014 year of Accelerated Strategy Implementation, Acquisitions Driving Addressable Market Expansion
- 21,000 new customers in 2014
- 2015 financial objectives initiated: Targeting non-IFRS EPS growth of about 12-15%
2014 Fourth Quarter and Full Year Financial Summary
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In millions of Euros, except per share data | IFRS | Non-IFRS | ||||||||||
Change | Change in cc* | Change | Change in cc* | |||||||||
Q4 Total Revenue | 673,2 | 19% | 16% | 694,1 | 23% | 20% | ||||||
Q4 Operating Margin | 22,1% | 32,5% | ||||||||||
Q4 EPS** | 0,39 | (8%) | 0,58 | 15% | ||||||||
In millions of Euros, except per share data | IFRS | Non-IFRS | ||||||||||
Change | Change in cc* | Change | Change in cc* | |||||||||
FY 2014 Total Revenue | 2 294,3 | 11% | 14% | 2 346,7 | 13% | 16% | ||||||
FY 2014 Operating Margin | 18,8% | 29,8% | ||||||||||
FY 2014 EPS** | 1,14 | (17%) | 1,82 | 4% |
*In constant currencies
** 2013 EPS adjusted to reflect the two-for-one stock split effected on July 17, 2014
"2014 was a significant year of advancement to achieve our purpose of providing 3DEXPERIENCE universes to harmonize product, nature and life,” commented Bernard Charlès, Dassault Systèmes President and Chief Executive Officer.
“At the outset of 2014 we outlined that the objective of our Industry Solution Experiences powered by our 3DEXPERIENCE platform, was to increase the value we bring to our clients. Our investments as well as our sales and services initiatives during the year very precisely mirrored that goal. Thanks to our 3DEXPERIENCE platform, companies are now able to integrate business processes by easily leveraging existing digital assets never reused before. Further, the creation of two new brands, BIOVIA for Life Sciences and 3DEXCITE for Marketers, the expansion of GEOVIA to enable 3DEXPERIENCity and the novel approach to business processes optimization with our Quintiq acquisition, have demonstrated that the 3DEXPERIENCE platform encompasses both business and people needs, delivering a comprehensive range of capabilities, from consumer insights to innovative services critical to our clients’ successes.
“And in parallel, to help our clients enjoy and benefit from the full value of our Industry Solution Experiences wherever they are deploying our solutions around the globe, we continued to expand our sales and service expertise with a network of partners well-positioned to provide the right industry-specialized resources.
“Finally, it is clear that the Industry Solution Experience approach is well resonating with companies, visible in the broad-based interest we are seeing and the expanding dialogues we are having with companies across many industries.”
2014 Fourth Quarter Financial Summary (unaudited) |
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In millions of Euros, except per share data | IFRS | Non-IFRS | ||||||||||
Change | Change in cc* | Change | Change in cc* | |||||||||
Q4 Total Revenue | 673,2 | 19% | 16% | 694,1 | 23% | 20% | ||||||
Q4 Software Revenue | 592,2 | 16% | 13% | 608,8 | 19% | 17% | ||||||
Q4 Services and other revenue | 81,0 | 49% | 46% | 85,3 | 57% | 54% | ||||||
Q4 Operating Margin | 22,1% | 32,5% | ||||||||||
Q4 EPS** | 0,39 | (8%) | 0,58 | 15% | ||||||||
In millions of Euros | IFRS | Non-IFRS | ||||||||||
Q4 2014 | Q4 2013 | Change in cc* | Q4 2014 | Q4 2013 | Change in cc* | |||||||
Americas | 198,4 | 149,6 | 24% | 206,1 | 149,5 | 29% | ||||||
Europe | 318,2 | 272,3 | 15% | 325,4 | 273,0 | 17% | ||||||
Asia | 156,6 | 143,5 | 10% | 162,6 | 143,5 | 16% |