ESI Group Updates on Its Plan – Fast Progress, Long-Term Value, and Short-Term Impacts - Seite 2
Pro-forma3, and at current rate, the revenue4 growth plan for 2022 has been reduced by 2% to reflect the faster conversion of paid-up licenses to subscriptions and a faster decrease of non-core services. The profitability plan has decreased by only 1 point thanks to strict cost management.
Proforma guidelines |
2022
at current rate
Revenue
2%-4%
Adjusted EBIT5
9%-11%
This minor reduction in growth for 2023, shows the strength and resilience of the ESI business.
Proforma Goal |
2023 |
2024 |
2025 |
Revenue |
5%-7% |
6%-9% |
7% - 10% |
Adjusted EBIT |
13%-15% |
17%-20% |
>20% |
ESI Group continues to aim for high single-digit growth and 20% Adjusted EBIT by 2024/ 2025 and will continue to communicate transparently.
Implementation of a share buyback program
Continuing its initiatives to sustain, in the long run, its performance, ESI Group announces the entrustment of an investment services provider (ISP) with a mandate to acquire its shares as part of the share buyback program authorized by the Combined Annual General Meeting of June 28, 2022.
- Terms of the mandate
According to the agreed terms, ESI Group has given a mandate to an ISP to acquire on its own behalf a maximum volume of 30,000 ESI GROUP shares (ISIN code FR0004110310) over a period starting on September 28, 2022, and possibly lasting until March 31, 2023.
- Reminder of treasury shares held as of August 31, 2022
As of August 31, 2022, the company held 336,576 treasury shares, representing 5.5% of the share capital.
Lesen Sie auch
2022 Investor Conference
Upcoming events
- Third quarter 2022 revenues – October 24th, 2022
About ESI Group
Founded in 1973, ESI Group envisions a world where Industry commits to bold outcomes, addressing high-stakes concerns - environmental impact, safety & comfort for consumers and workers, adaptable and sustainable business models. ESI provides reliable and customized solutions anchored on predictive physics modeling and virtual prototyping expertise to allow industries to make the right decisions at the right time while managing their complexity. Acting principally in automotive & land transportation, aerospace, defense & naval and heavy industry, ESI is present in more than 20 countries, employs 1,100 people around the world and reported 2021 sales of €136.6 million. ESI is headquartered in France and is listed on compartment B of Euronext Paris.