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Claude Leguilloux
(Boursier.com) – Dbadault Systèmes publishes its unaudited financial results under IFRS for the second quarter and first half ended June 30, 2018. These results have been reviewed by the Board of Directors. administration on July 24, 2018. As the Group has adopted the IFRS 15 accounting standard as of January 1, 2018, this press release presents the results for the second quarter and the first half of 2018 according to this standard, the former IAS 18 standard and provides a summary of main differences between them. This press release also includes non-IFRS financial information (IFRS 15 and IAS 18), for which a reconciliation table is attached.
Among the highlights of the second quarter and the first half of fiscal year 2018 (unaudited data, references to financial information under IAS 18, revenue at constant exchange rates), note the organic growth 8% in the second quarter and 10% in the first half at constant exchange rates of licensing and other software sales, under IFRS IAS 18.
The 2nd quarter is in line with IAS 18 Group IFRS, growth of 9% at constant exchange rates of non-IFRS software revenue, non-IFRS operating margin of 30.2% and EPS of € 0.72, up 16%, or 22% at constant exchange rates
The increase was 22% at constant exchange rates in the first half for non-IFRS 3DEXPERIENCE software revenue, in IAS 18.
Also worthy of note is the organic growth of 2 CATIA, SOLIDWORKS, ENOVIA and DELMIA CATI and IFRS turnover figures in the first half of 2018, at constant exchange rates under IAS 18, the 9% increase in operating cash flow in the first half to 645 million euros under IAS 18 and the finalization of the acquisition of a majority stake in Centric Software
The annual IAS 18 non-IFRS revenue target is confirmed and updated acquisitions and foreign exchange rates, diluted EPS objective raised, in a range of 2.95 euros to 3 euros, a growth of 10% to 12% and 15% to 17% at constant exchange rates.
Bernard Charlès, Vice Chairman of the Board, Chief Executive Officer, said: "A growing number of companies fully understand that the 3DEXPERIENCE platform is the catalyst and facilitator of their own transformation into a platform company. As this is an operating system to manage their business and a business model to transform them, the 3DEXPERIENCE platform changes the game for value creation.
During the first half of 2018 , we have engaged with 3DEXPERIENCE in new and important contracts with global leaders, both in our historical industrial sectors and in those of diversification. An excellent illustration is the 20-year partnership we have with EDF: with the 3DEXPERIENCE digital duplicates of existing and future plants, we can create new experiences in nuclear engineering and contribute to the digital transformation of everything. industrial sector. Our advanced solutions are already used to manage the complexity of two-thirds of the world's reactors and four-fifths of those under construction. Significant contracts with strategic partners help to increase our presence, such as our alliance with Accenture for industry-specific solutions and our partnership with Capgemini for EDF. We continue to invest in very promising markets, both in terms of digital maturity and growth potential. We decided to join forces with Centric Software, a leader in the digital transformation of the fashion, apparel, luxury and retail sectors, with its perfectly adapted configurable PLM solution. Together, we want to stimulate innovation and accelerate the commercialization of the products of companies developing collections, in line with consumer expectations and at the forefront of trends, representing a multi-billion dollar addressable market. As we have successfully done for SOLIDWORKS, Centric Software will take the initiative in this market segment. "
© 2018, Boursier.com
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