Q1 2008/09 sales: +12% by volume
ESI Group (ISIN FR0004110310), a pioneer and world-leading solution provider in virtual prototyping and manufacturing processes, today announces its consolidated sales for its first quarter to 30th April 2008.
FY to 31st January
ESI Group’s sales totalled 14.7 million euros for the first quarter of the Group’s 2008 financial year, giving organic growth of +12.0% on a constant exchange rate basis. The negative exchange rate effect impacted growth to the tune of -3.5%.
Each geographical zone on which ESI Group is positioned contributed to growth in a balanced way, leading to stability in the geographical breakdown of activity: 47% in Europe, 40% in Asia and 13% in the Americas.
Licenses sales were up +6.9% by volume to 10.8 million euros, continuing the trend recorded in the fourth quarter of the previous financial year.
Services activity saw dynamic growth continue, with Services sales totalling 3.9 million euros, up +28.8% by volume and +26.2% actual. This growth was particularly buoyant in the Asian and American zones.
Available cash totalled 14.5 million euros at 30th April 2008.
Alain de Rouvray, ESI Group’s Chairman and CEO, concludes: “Recorded within an economic climate that remains agitated, the performances reported for our first quarter prove the solidity of our activity’s organic growth. The ongoing dynamism of Services confirms the structural needs in terms of virtual prototyping and the increasing adoption by industry of our digital simulation technologies as well as methodologies, despite a visibility that remains low for the financial year as a whole.”
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