Dassault Systèmes: growth target lowered for 2024

(CercleFinance.com) - Dassault Systèmes confirms its EPS target for 2024 at 1.
27-1.30 euros, 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 publisher reports non-IFRS EPS of 0.89 euro, up 8% at constant exchange rates, but with a non-IFRS operating margin of 30.2% versus 31% for the same period in 2023.

Also at constant exchange rates, total sales rose by 4% to 4.46 billion euros, including software sales up 4% to 4.01 billion euros, 82% of which were recurring revenues.

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

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