Dassault Systèmes Reports First Quarter Financial Results With Recurring Software, Operating Margin and EPS At the High End of Its Non-IFRS Guidance

VÉLIZY-VILLACOUBLAY, France — April 23, 2020 — Dassault Systèmes (Euronext Paris: #13065, DSY.PA) announces IFRS unaudited financial results for the first quarter ended March 31, 2020. These results were reviewed by the Group’s Board of Directors on April 22, 2020.  This press release also includes financial information on a non-IFRS basis with reconciliations with IFRS figures included in the Appendix to this communication.

Q1 2020 Highlights and Financial Summary

(Unaudited)

• Q1 non-IFRS basis: total revenue €1.14 billion, operating margin 29.2%, EPS €0.95, up 9%     
• Q1 non-IFRS recurring software revenue 83% of total software
• Q1 Cash flow from operations of €458 million
• Board of Directors proposes annual dividend of €0.70 for the 2019 FY
• 2020 non-IFRS financial framework: Targeting Stable YoY 2020 non-IFRS EPS of about €3.65

Bernard Charlès, Dassault Systèmes’ Vice Chairman and Chief Executive Officer commented, “Thanks to our people, we have demonstrated impressive selfless dedication and speed to support our clients and users to work seamlessly from home, help them sustain their development activities, adapt their production and ecosystems for safety, thus facing the global health crisis through “people first” constructive actions.

“As a purpose-driven company we bring Science, Engineering and Manufacturing capabilities with a virtual collaboration platform: The 3DEXPERIENCE collaborative process in multiple disciplines, thus demonstrating that the Virtual world can extend and improve the real world. The simulation of hospital safety, critical medical equipment extension with 3D printing, the acceleration of clinical trials with data analytics worldwide, or Experience-based education are true reveals of such new possibilities. 

“The significant investment made on 3DEXPERIENCE Cloud as well as the Medidata platform for life sciences could not be more relevant and impactful in such current world disruption with the SARS-CoV-2 Pandemic.”

First Quarter Financial Summary

(Unaudited)