ESI GROUP - 9-month revenues: + 4.1%, +2.7% at constant exchange rate (cer) proforma[1]
- 9-month Licenses proforma: +5.0%, +3.6% cer
- 9-month Recurring revenues increased by 7.3% at current rate (+5.8% cer) at 93.2% compared to 91.0% year to date
[1] The proforma includes the impact of Q3 divestitures and the closing of ESI's Russian business. These decisions had an estimated impact on the revenue of €0.6m, and €2.7m Year to date (9 months).
ESI Group, Rungis, France, (ISIN Code: FR0004110310, Symbol: ESI), today releases its sales for the third quarter of 2022 (period from July 1st to September 30th). The proforma figures consider the July divestitures and the cessation of sales in Russia. Note that there was still €0.6m linked to these divestitures and Russia in Q3, and €2.7m Year to date (9 months).
The first nine months of the year show strong growth in our recurring revenues at +7,3%, as well as a decline in perpetual software licenses and services. Our decisions to divest non-core activities, stop operations in Russia and rigorously manage costs bode well for the execution of our 3-year plan "One ESI 2024 - Focus to Grow", aiming for considerable improvements in both profit and growth. These figures align with our messages at last month's Investor Conference and illustrate our business's strengthened health and resiliency. We are moving in the right direction to ensure the sustainability of our company and to fulfill the expectations of all our stakeholders.
24/10/2022 16:01:00
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ESI Group SA published this content on 24 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 October 2022 14:29:07 UTC.
