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.  Since 1981, the company has pioneered virtual worlds to improve real life for consumers, patients and citizens.  With Dassault Systèmes’ 3DEXPERIENCE platform, 350,000 customers of all sizes, in all industries, can collaborate, imagine and create sustainable innovations that drive meaningful impact.  For more information, visit: https://www.3ds.com