Dassault Systèmes: reduces growth target for 2024

(CercleFinance.com) - Dassault Systèmes confirms its EPS target for 2024 at E1.
27-1.30, but lowers its total sales growth target from 6%-8% to 5%-7% to reflect the wait-and-see attitude of customers and the contraction of the automotive market.

For the first nine months of the year, the enterprise software company reports non-IFRS EPS of E0.89, up 8% at constant exchange rates, but with a non-IFRS operating margin of 30.2% compared with 31% for the same period in 2023.

At constant exchange rates, total sales rose by 4% to E4.46bn, with software sales up 4% to E4.01bn, 82% of which was recurring revenue.

In addition, Dassault Systèmes has announced that Snam, a gas infrastructure operator in Europe, is to integrate its 3DEXPERIENCE platform at the heart of a new asset management project as part of its sustainable energy transition.


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