ESI Group: Strong numbers in 2019 but 2020 could be very disappointing
ESI group has changed its closing date (from the end of January to the end of December) and published its turnover for the last two months of the year (which will be only 11 months long). The Group mainly published proforma revenues for the 12 months of 2019, showing a 7.8% increase in sales, compared to a 2.7% increase between 1 February and 31 October. These figures clearly exceeded expectations and could suggest that the French software company specializing in virtual prototyping is finally entering a new phase of strong growth. We fear that this is not the case.
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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