ESI Group

First Quarter Revenues Exceed Guidance at €55.5 Million

Regulatory News:

ESI Group, Paris, France, (ISIN Code: FR0004110310, Symbol: ESI), today releases its sales for the first quarter of 2021 (period from January 1^st to March 31^st).

Cristel de Rouvray, Chief Executive Officer of ESI Group, comments:
“Q1 2021 confirmed the resiliency of ESI Group’s business model: our existing customers, and even more so our top 20 customers have clearly signaled their need for more virtual prototyping to navigate the global industry crisis and enable their digital transformation. On this foundation of growing repeat business, we can drive ambitious efforts to increase new business for sustainable and profitable revenue growth. I am committed to lead an energized management team, aligned by industry and by outcome, to release growing employee, customer and partner energy.”

Revenues (€m)		Q1-2021		Q1-2020		Change		Change Constant exchange rate (cer)
Q1 - Licenses		49.6		48.8		+1.6%		+4.2%
Q1 – Services		5.9		6.1		-2.5%		-0.1%
Q1 - Total		55.5		54.9		+1.2%		+3.7%

In the first quarter of its fiscal year (January 1, 2021 - March 31, 2021), ESI recorded revenues of €55.5m, up 1.2% (+3.7% cer); slightly above the range announced (€52-55m). We saw growth in revenue in all regions in Q1:

- EMEA by +1.4% (+1.7% cer)
- Asia by +0.2% (+4.7% cer)
- Americas by +2.4% (+10.9% cer)