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    DSY   FR0014003TT8

DASSAULT SYSTÈMES SE

(DSY)
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Dassault Systemes : ReNew Power Selects Dassault Systemes' 3DEXPERIENCE Platform to Deliver Cleaner, Smarter Energy in India

07/21/2021 | 04:42am EDT

VELIZY-VILLACOUBLAY, France -- Dassault Systemes (Euronext Paris: FR0014003TT8, DSY.PA) today announced that ReNew Power, India's leading renewable energy company, has chosen the 3DEXPERIENCE platform to manage its solar, wind and hybrid engineering, procurement and construction projects. ReNew Power will be able to quickly act on insights and ensure best-in-class project delivery to support the use of cleaner and smarter energy in India.

ReNew Power will use the "Capital Facilities Information Excellence" industry solution experience based on the 3DEXPERIENCE platform for digital project management. In a collaborative virtual environment providing a single source of the latest project data, stakeholders can track, execute and manage the progress of multiple projects at the same time on a single platform. Using powerful analytics capabilities related to costs, schedule, quality, health and safety, stakeholders can proactively manage risks and opportunities, through this platform.

As India explores ways to meet the rising energy needs of more than one billion people through clean sources of energy while reducing its carbon emissions, ReNew Power is committed to lead the country's transition away from fossil fuels and meet this demand sustainably.

"We were looking for a secure, scalable solution to manage the performance of projects and further our ambition to deliver sustainable solutions that can reduce India's carbon footprint," said Balram Mehta, COO, ReNew Power. "Dassault Systemes' 3DEXPERIENCE platform is expected to provide us with centralized project execution and monitoring data, personalized dashboards, progress graphs, timely insights and intuitive reports to improve our productivity."

"Faced with global competition and a growing focus on sustainability, companies looking to innovate faster or diversify their portfolios into new business areas need a new approach to develop, plan, build, operate and decommission projects differently," said Thomas Grand, Vice President, Energy & Materials Industry, Dassault Systemes. "Dassault Systemes supports its renewable energy customers in their sustainable development. The 3DEXPERIENCE platform offers an inclusive, data-driven approach that enables real-time collaboration, improves execution and accelerates innovation. Companies like ReNew Power can deliver complex projects with transparency, accuracy and timeliness."

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(C) 2021 M2 COMMUNICATIONS, source M2 PressWIRE

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Sales 2021 4 807 M 5 646 M 5 646 M
Net income 2021 758 M 891 M 891 M
Net Debt 2021 970 M 1 139 M 1 139 M
P/E ratio 2021 87,7x
Yield 2021 0,32%
Capitalization 66 520 M 78 066 M 78 137 M
EV / Sales 2021 14,0x
EV / Sales 2022 12,6x
Nbr of Employees 20 000
Free-Float 50,0%
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Last Close Price 50,57 €
Average target price 46,38 €
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Bernard Charlès Vice Chairman & Chief Executive Officer
Dominique Florack President
Pascal Daloz Chief Operating & Financial Officer
Charles Edelstenne Chairman
Laurence Barthès Executive VP, Chief People & Information Officer
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