ESI Group: Recovery but uncertain growth
At the beginning of the Covid crisis, ESI's management was very confident in its prospects and had not touched its costs much, convinced that it was on a good growth trajectory. In the end, the group's turnover will fall by more than 9% in 2020 and the company will decide to reduce its expenses. This allowed the company to remain profitable and to post results that were slightly better than we expected (a drop of only 52% in operating profit). This was the right thing to do but the group does not intend to reinvest and recruit in 2021. This is an admittance that beyond the rebound in activity, the group's growth prospects remain uncertain.
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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