ESI Group: One good news, one bad news and one new major threat
As in previous years, ESI group reported a net loss for the first six months of the year. Over this period, which is traditionally weak in terms of activity, the French software company specializing in virtual prototyping recorded a net loss of EUR 7.1 million, but reduced it compared to last year (EUR 7.9 million of losses made the previous year). We anticipated this improvement (we expected a loss of EUR 7 million) but the reasons for it differ somewhat from our expectations.
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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