Dassault Systemes raises targets for 2022, sets out successi

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Dassault Systemes raises targets for 2022, sets out successi

Message par geemong » 27 Avril 2022, 12:11

Dassault Systemes raises targets for 2022, sets out succession plan


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French software maker Dassault Systemes on Wednesday raised its annual profit forecast and reported first-quarter earnings that topped estimates, boosted by its industrial and clinical trial businesses.

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The group, which sells software used to design cars and planes, raised its profit margin target to 33.4 per cent-33.7 per cent and that of its earnings per share to 1.04-1.06 euros.

Analysts polled by the company had in mid-April estimated the group would hit a margin of 33 per cent and earnings per share of 1.01 euros, at the high end of the group's former guidance.

The group reported strong growth from its medical unit Medidata, which has been used in hundreds of COVID-related clinical trials, as well as its industrial offerings.

While it maintained its 9 per cent-10 per cent revenue growth forecast, it nudged up its target sum to account for foreign exchange.

Finance chief Rouven Bergmann told journalists in a call that the higher revenue would more than offset the costs of suspending business in Russia, which had accounted for roughly 0.5 per cent of its sales.

Bergmann said the company had halted its operations there, adding that it had no employees or R&D activities in either Russia or Ukraine, where the business comprised only sales and services.

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