Dassault Systemes : Warning on Q1 2020 sales due to licence slump
>Q1 sales 2.5% to 5% below the bottom of the cc guidance range - Dassault Systèmes announced yesterday evening after trading that its Q1 2020 sales will be 2.5% to 5% below the bottom of its constant currency guidance range due to the impact of the current COVID-19 crisis. Dassault Systèmes now expects Q1 2020 sales growth of 14% to 17% on constant currencies vs initial guidance of 20% to 23%, while we had forecast growth of +21%. Bearing in mind that the company...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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