ESI Group: Q1 2022 revenue: +6.6% (+5.3% CER¹)

Enter Wall Street with StreetInsider Premium. Claim your one week free trial here.

Solid growth in industries targeted by ESI

  • Growth of +6.6% (5.3% cer) driven by license growth at +7.1% (+5.8% cer)
  • Double-digit growth in Asia driven by key customers

RUNGIS, France–(BUSINESS WIRE)–Regulatory News:

ESI Group (Paris: ESI), Paris, France, (ISIN Code: FR0004110310, Ticker: ESI), today publishes its revenue for the first quarter of 2022 (period from January 1 to March 31) approved by the Board of administration of 2, 2022.

Cristel de Rouvray, Managing Director of ESI Group, comments:As announced in October 2021, Q1 FY22 was the first quarter of our three-year plan “OneESI 2024 – Focus to Grow”. We deployed a holistic transformation including, for the first time in ESI’s history, a streamlined approach to global sales management. At 6.6% (5.3% cer), Q1 FY22 growth is in line with the guidance published in early March and is a notable performance, demonstrating our ability to maintain strong growth momentum while driving ambitious change. This performance was achieved in a difficult macroeconomic and geopolitical context, which once again testifies to the solidity and resilience of our solutions. I am impressed with our team’s energy, resilience and commitment to our OneESI plan as we commit to improving both growth and profitability to deliver long-term value to our shareholders.

Turnover (M€)





Constant exchange

rate (cer)

Q1 – Licenses





Q1 – Services





T1 – Total





ESI Group now presents its pro forma turnover excluding special projects (public subsidies for R&D projects).

In the first quarter of its fiscal year (January 1, 2022 – March 31, 2022), ESI recorded revenue of €58.3 million, up 6.6% (+5.3% constant exchange rate – cc ); at the top of the communicated guidance range (+4% to +6%).

Revenue from licenses increased by +7.1% (+5.8% cc). Growth was driven by Repeat Business with an increase of +8.5%. Services revenue was stable at +1.7% (+0.6% cc).

ESI saw growth in almost all industries during the quarter, with the automotive industry continuing to be a key driver of ESI Group’s performance along with the other 3 target industries (aerospace, heavy industry and energy) which accounted for more than 90% of the company’s revenue.

Geographically, the Asia region is leading the growth, at +11.5% cc and +11.7% cer for its licensing activity. This growth in the Asian region was primarily driven by customers for which ESI is a key strategic partner, and additional growth potential was driven by ongoing account management initiatives. The EMEA and Americas regions grew by +3.1% cc and +1.2% cc respectively.

General Assembly meeting information

ESI Group’s Annual General Meeting will be held on Tuesday, June 28, 2022 at 1:30 p.m. CET. The procedures for participation and consultation of the documents are detailed in the notice of meeting which will be posted on the company’s website. Shareholders are invited to regularly consult the section dedicated to the General Meeting on the Company’s website: HERE

The new Group social document available to shareholders

2021 Universal Registration Document – HERE

Forward-looking statement

At constant exchange rate





Revenue growth target

(excluding special


4% – 6%

4% – 6%

6% – 8%

7% – 9%

Adjusted EBIT target4

10% – 12%

15% – 17%

20% – 22%

The Group will organize an investor conference on September 27, 2022, review the plan and extend its guidance until 2025.

In view of recent events and the Russian aggression against Ukraine in recent weeks, ESI Group has decided to suspend all commercial development with Russian and Belarusian customers, who represent less than 1.5% of turnover in 2021. .

These statements are subject to a number of risks and uncertainties, including those related to the COVID-19 virus and the war in Ukraine and further associated economic and market disruptions; other adverse changes or fluctuations in the global economy; other adverse fluctuations in our industry; currency exchange rate fluctuations; changes in the current global trade regulatory environment; fluctuations in customer and market demands; fluctuations in demand for our products, including orders from our large customers; cyber attacks; expenditure overruns; and the adverse effects of changes in prices or effective tax rates. The company refers readers to its Universal Registration Document – ​​Chapter 3 presenting the risks related to the company’s future performance.

Events to come

  • AOrdinary General Meeting – June 28, 2022

  • Half-year results – September 7, 2022 (5:35 p.m. CET)
  • Investor conference – September 27, 2022

About ESI Group

Founded in 1973, ESI Group envisions a world where industry is committed to bold results, addressing important issues – environmental impact, safety and comfort for consumers and workers, adaptable and sustainable business models. ESI provides reliable and customized solutions anchored on predictive physical modeling and virtual prototyping expertise to enable industries to make the right decisions at the right time while managing their complexity. Active mainly in automotive and land transport, aerospace, defense and naval and heavy industry, ESI is present in more than 20 countries, employs 1,200 people worldwide and achieved a turnover in 2021 of 136.6 million euros. ESI is headquartered in France and is listed on Compartment B of Euronext Paris.

For more information, visit

1 Constant exchange rate

2 Excluding the impact of Russian commercial potential on revenue

3 For the 3-year plan, revenue growth excludes special projects (public subsidies for R&D projects)

4 Adjusted EBIT is a non-GAAP indicator based on EBIT (IFRS). Adjusted EBIT corresponds to EBIT before stock-based compensation costs, restructuring costs, depreciation and amortization of acquisition-related intangibles, IFRS 16 on leases and other non-recurring items.

ESI Group

Florence Barre

[email protected]

+33 1 49 78 28 28

Verbatee – Press & Shareholder Relations

Jerome Goaer, [email protected]+33 6 61 61 79 34

Aline Besselievre, [email protected]+33 6 61 85 10 05

Source: ESI Group

Comments are closed.