Report
Nicolas David

Dassault Systemes : Lingering headwinds but confidence still the watchword

>Organic growth stalled in Q4 2019... - Yesterday morning, Dassault Systèmes published Q4 organic revenue growth of 2.6%, which fell short of our forecast (6.8%). This weakness stemmed from: i/ licences which were stable on an organic basis (vs guidance +0% to +5% and ODDO BHF: +4%). The group was penalised by still lacklustre demand in the automotive supply chain in Germany, China and Japan. Moreover, Dassault Systèmes has not caught up on all of the licences that we...
Underlying
Dassault Systemes SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Nicolas David

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