ESI Group

First-Quarter 2020 Sales

Regulatory News:

As a pioneer in virtual prototyping solutions and a key player in industrial digital transformation, ESI Group (Paris:ESI) empowers manufacturers to navigate increasing complexity by replacing real tests and prototypes with highly accurate, predictive and representational virtual prototypes. ESI Group’s software solutions are built from decades of expertise in physics of materials, essential to the creation of realistic virtual prototypes and to the anticipation of asset performance in-service. ESI’s customers are an enviable list of industry leaders worldwide, who benefit from enhanced innovation, competitiveness, performance and productivity thanks to ESI Group’s most innovative solutions.

ESI Group, Paris, France, (ISIN Code: FR0004110310, Symbol: ESI), today releases its sales for the first quarter of 2020 (period from January 1^st to March 31^st).

Cristel de Rouvray, Chief Executive Officer of ESI Group, comments:
“First quarter revenues decreased 6.1%, partly as sales adjusted to the new Fiscal Year and the timing of some important Renewals and, partly, on the impact of Covid-19 on the completion of New Business transactions. The Covid-19 crisis, impacted us first in China, and now on other territories with the following pattern: while new business conversations are delayed & adapted by confinement measures, license renewals and repeatable services are holding up strong across our four main industries creating a foundation of stability to navigate the current uncertainty. As a positive collateral, we are experiencing an acceleration of our own transformation as we adopt a more efficient global organization. Overall, we have confidence that the Group will see its value proposition even strengthened when the world adjusts with increased digital commitment to its ‘new normal’.”

Sales (€m)		Q1-2020		Q1-2019			Change
							Current rate		Constant rate (cer)
Q1 – Total		54.9