ESI Group: Half-year Sales and Results 2020

Resilience of the solid installed base in an exceptional context of global health crisis

  • Half year revenue decreased 8.5%; costs contained; stable gross margin & EBITDA margin down from 24.2% to 18.6%
  • Half-year sales supported by strong recurrence (87.7%), resiliency driver of ESI’s business model
  • Cash management under control (€24.7m vs. €16.3m in June FY19)
  • Growing recognition & support for ESI’s value in mission critical industrial transformation

PARIS — (BUSINESS WIRE) — September 10, 2020 — Regulatory News:

ESI Group, (Paris: ESI) (ISIN Code: FR0004110310, Symbol: ESI), today publishes its sales and results for the first half of its 2020 fiscal year (period from January 1st to June 30th), approved by the Board of Directors on September 8, 2020.

Cristel de Rouvray, Chief Executive Officer of ESI Group, comments: “In H1, while we experienced a sudden decrease in our customer’s ability to open new projects, the solidity of our multi-year, mission critical engagements with diversified industry leaders sustained us. As we continue to manage this global pandemic, we are balancing two business imperatives: proactive cost management to optimize near-term financial health and continuation of our transformation plan. The latter gains momentum, reflected in a growing number of customer engagements positioned at the level of “outcome” and mounting interest in ESI’s offer, as evidenced in wide participation at our regular digital events.

(€m)

6/30/2020

6/30/2019

Change

 

6m

6m proforma

Current rate

Constant rate (cer)

Q1 – Sales

54.9

58.4

(6.1%)

(6.9%)

Licenses

48.8

50.8

(4.0%)

(4.8%)

Services

6.1

7.6

(20.3%)

(20.9%)

Q2 – Sales

25.9

29.9

(13.2%)

(13.5%)

Licenses

20.4

22.5

(9.4%)

(9.7%)

Services

5.5

7.4

(24.8%)

(24.9%)

H1 – Sales

80.8

88.3

(8.5%)

(9.1%)

Licenses

69.2

73.3

(5.6%)

(6.3%)

Services

11.6

15.0

(22.5%)

(22.9%)

Gross Margin

62.4

68.6

(9.1%)

(9.8%)

% Sales

77.3%

77.7%

 

 

EBITDA ( before IFRS16 1 )

15.0

21.3

(29.5%)

(31.4%)

% Sales

18.6%

24.2%

 

 

EBIT ( before IFRS16 )

12.5

19.6

(36.3%)

(38.4%)

% Sales

15.4%

22.2%

 

 

IFRS 16 – Impacts

 

 

 

 

- EBITDA

3.0

2.8

 

 

- Operating Result

0.2

-

 

 

 


1 | 2 | 3 | 4 | 5 | 6 | 7 | 8  Next Page »
Featured Video
Jobs
Business Development Manager for Berntsen International, Inc. at Madison, Wisconsin
Business Technology Analyst for Surface Water Management at Everett, Washington
GIS Specialist for Washington State Department of Natural Resources at Olympia, Washington
Senior Principal Mechanical Engineer for General Dynamics Mission Systems at Canonsburg, Pennsylvania
Principal Engineer for Autodesk at San Francisco, California
Mechanical Engineer 2 for Lam Research at Fremont, California
Upcoming Events
Dimensions User Conference 2024 at The Venetian Resort Las Vegas NV - Nov 11 - 13, 2024
URISA GIS Leadership Academy at Embassy Suites Fort Worth Downtown 600 Commerce Street Fort Worth, TX - Nov 18 - 22, 2024



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise