Dassault Systemes : Dassault Systèmes navigating well in a difficult backdrop
>Good level of growth in a difficult environment - Before trading yesterday, Dassault Systèmes reported Q3 2020 sales of € 1.030bn up 13% in reported terms and 4% below forecasts. The difference stemmed primarily from more negative forex effects than expected (-5% vs. around -2%e) and weak Services activities that were down 15% cc or around -29% org (vs ODDO BHF: -6%e org.). The group accepted significant price concessions on this activity in order to secure the ramp-...Dassault Systemes provides software products & consulting services. Co.'s software applications allow businesses to digitally define, simulate products, the processes & resources required to manufacture, maintain & recycle them. Co. also provides services, principally to large customers. These services comprise mainly consulting services in methodology for design, deployment & support, training services & engineering services. Co.'s activities can be divided into two segments: the PLM market supports product development, production, maintenance & lifecycle management; & the Mainstream 3D market, which is primarily focused on product design.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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