Dassault Systèmes: Third quarter results in line Anticipating top line acceleration in 4Q Confirming full year EPS objective

VELIZY-VILLACOUBLAY, France — October 24, 2024 — Dassault Systèmes (Euronext Paris: FR0014003TT8, DSY.PA) today reports its IFRS unaudited estimated financial results for the third quarter 2024 and nine months ended September 30, 2024. The Group’s Board of Directors approved these estimated results on October 23, 2024. This press release also includes financial information on a non-IFRS basis and reconciliations with IFRS figures in the Appendix.  

Summary Highlights1

(unaudited, non-IFRS unless otherwise noted, all growth rates in constant currencies)

  • 3Q24: total revenue rose 4% to €1.46 billion driven by subscription revenue up 8%;
  • 3Q24: sequential improvement of MEDIDATA revenue;
  • 3Q24: operating margin of 29.6% and EPS at €0.29, in line with guidance;
  • YTD24: IFRS cash flow from operations up 6% as reported;
  • FY24: confirming diluted EPS objectives of €1.27 - €1.30, while updating total revenue growth from 6 - 8% to 5 - 7% to reflect the continued scrutiny and contraction of the automotive market. Anticipating total revenue growth acceleration at 8% mid-point in 4Q24. 
1IFRS figures for 3Q24: total revenue at €1.46 billion, operating margin of 18.9% and diluted EPS at €0.18; IFRS figures for YTD24: total revenue at €4.46 billion, operating margin of 19.6% and diluted EPS at €0.61.

About Dassault Systèmes

Dassault Systèmes is a catalyst for human progress. We provide business and people with collaborative virtual environments to imagine sustainable innovations. By creating virtual twin experiences of the real world with our 3DEXPERIENCE platform and applications, our customers can redefine the creation, production and life-cycle-management processes of their offer and thus have a meaningful impact to make the world more sustainable. The beauty of the Experience Economy is that it is a human-centered economy for the benefit of all – consumers, patients and citizens. Dassault Systèmes brings value to more than 350,000 customers of all sizes, in all industries, in more than 150 countries. For more information, visit https://www.3ds.com