¾ÅÓÎÌåÓý

¾ÅÓÎÌåÓý, Paris, France, (ISIN Code: FR0004110310, Symbol: ESI), today releases its sales for the third quarter 2021 (period from July 1st to September 30th).

End of Q3 sales confirm the diagnostic we presented earlier this month: ESI stands on strong differentiators that continue to sustain growth with the installed base, and a deep transformation of ESI¡¯s historic operating model is required to capture the full potential of the market. Upon announcing our ¡°One ESI 2024- Focus to grow¡± plan, we immediately moved into the realm of a 2022 budget process reflecting a global approach to sales and focus on core business. We are sustaining the team¡¯s energy via active communication and coaching so that our entire leadership is focused on execution, critical to unlocking ESI¡¯s potential and value.

Cristel de Rouvray

Chief Executive Officer of ¾ÅÓÎÌåÓý

Third quarter year-over-year comparison

In Q3 2021, ¾ÅÓÎÌåÓý generated sales of €24.2m (+10.7%, +10.2% cer) driven by Licenses at €17.9m (+5.5 %, +4.8% cer) and in particular repeat business sales which grew by +16.9% (+15.2% cer). Services (26% sales) up to €6.3m driven by core service activities with strategic customers post COVID.

9-month, year-over-year comparison

¾ÅÓÎÌåÓý's sales for the first 9-months of 2021 amounted to €106.0m (+3.3%, +5.6% cer) compared to €102.6m for the same period last year. New business achieved €7.8m, up to 2.5%. The growth drivers during these 9 first months of 2021 were:

• the Automotive industry which continues to invest in simulation, accelerating its digitization.
• The EMEA region and the Americas¡¯ region which grew at the same pace in current rate, yet Americas recorded a double-digit growth at constant rates.  

Illustrating the dynamic of ESI¡¯s performance in the Americas region, the Group highlighted, in a recent success story, its collaboration with Ford Motor Company aiming to implement a streamlined and zero-physical prototype approach to ensure safety, productivity and sustainability virtually. Click here to access the story.

The Repeat Business represented 77.9% of sales at €82.5m (+1.7 %, +4.0% cer). The increase of services was driven by EMEA at +16%.

9-month 2021 sales geographical breakdown by region splits was stable as follows: EMEA represents 49.4% (vs. 48.8%), Asia/Pacific represents 35.8% (vs. 36.6%) and the Americas represent 14.8% (vs. 14.6%).

Unchanged Forward-looking Statements

• FY21 Forward-looking statement

• Long-term Forward-looking statement

This release contains ¡°forward-looking statements¡±. These statements are subject to a number of risks and uncertainties, including those related to the COVID-19 virus and associated further economic and market disruptions; further adverse changes or fluctuations in the global economy; further adverse fluctuations in our industry, foreign exchange fluctuations, changes in the current global trade regulatory environment; fluctuations in customer demands and markets; fluctuations in demand for our products including orders from our large customers; cyber-attacks; expense overruns; and adverse effects of price changes or effective tax rates. The company directs readers to its Universal Registration Document ¨C Chapter 3 presenting the risks associated with the company¡¯s future performance.

Upcoming events

• FY21 sales and results - February 28th, 2022