ESI Group: Impacted
As we anticipated, the software company specializing in virtual prototyping suffered a decline in revenues of nearly EUR 8 million in the first half of 2020 (-8.5%) and, over the same period, saw its operating profit lose more than EUR 7 million (-36%). The Group was hard hit by the Covid-19 crisis, but this historic decline is also explained by a certain optimism on the part of management. It wants to believe in a strong recovery and has only slightly adjusted its costs. We are not as optimistic.
ESI Group is engaged in researching, developing, designing, creating and distributing computer software; and acquiring, receiving, holding, managing and trading in a portfolio of securities, especially in fields related to the publishing of scientific software, including digital simulation software for prototyping and manufacturing processes and related decision-making support tools.
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