VISIATIV PLATFORM up 3%
3DEXPERIENCE VAR down 12%
Recurring revenue up 6%
Lyon, 21 October 2020 – 6.00 pm. The Visiativ group, which creates digital platforms for corporate transformation, is listed on Euronext Growth in Paris (FR0004029478, ALVIV).
In the third quarter of 2020, Visiativ had consolidated revenue of €36.2M, down 14% (down 15% on a like-for-like basis and with constant exchange rate). The Covid-19 health crisis continues to have an impact on companies, which are delaying investment decisions. During the first nine months of its 2020 financial year, Visiativ recorded consolidated revenue of €118.7M€, down 6% (down 8% in terms of organic revenue).
Recurring revenue rose by 6%, and now accounts for 68% of total revenue over the first nine months of 2020. International activity grew by 4%, making up 25% of business as of the end of September. These increases have dampened the effects of the crisis and show the Group's resilience.
Consolidated revenue – Unaudited data
In €M - Data as at 30/09 | 9 months 2019 | 9 months 2020 | Change | Organic growth 1 |
3DEXPERIENCE VAR (Dassault Systèmes) | 75.3 | 65.9 | -12% | -13% |
VISIATIV PLATFORM | 51.6 | 52.8 | +3% | -1% |
of which Software (Moovapps) | 22.1 | 20.8 | -6% | -11% |
of which Consulting | 21.2 | 24.2 | +14% | +12% |
of which Business Development | 8.2 | 7.8 | -5% | -5% |
Total revenue | 126.9 | 118.7 | -6% | -8% |
o/w recurring revenue | 76.4 | 80.7 | +6% | +3% |
% recurring | 60% | 68% |
Performance by division
Recurring revenue, up 6% (or 3% in terms of organic revenue) during the first nine months, continues to grow and accounts for 68% of the Group's activity at the end of September (compared with 60% at the end of September 2019).
Internationally, Visiativ's nine-month revenue rose by 4% (down 1% for organic revenue), with the United States and the United Kingdom both doing well. Business outside France accounts for 25% of the Group's total activity (compared with 23% a year earlier).
Outlook
The company is still focused on implementing CATALYST 2023 and the different areas of the strategic plan with the aim of increasing synergies between the various activities and optimising operational performance.
Financial agenda
These dates have yet to be confirmed and may be subject to change if necessary. All publications will be issued after close of trading on Euronext Paris.
About Visiativ
A true platform of human and digital experiences, Visiativ is a global player with multiple areas of expertise (consulting, software editing and integration, platform creation, IT outsourcing). Through its unique value proposition, it helps accelerate companies' innovation and transformation. Working with mid-caps since its foundation in 1987, the Visiativ Group posted 2019 revenues of €203 million and boasts a diverse portfolio of over 18,000 customers. Covering all of France's business hubs and with operations worldwide (Belgium, Brazil, Canada, USA, the Netherlands, Luxembourg, Morocco, UK and Switzerland), Visiativ has over 1,000 employees. The Visiativ share (ISIN code FR0004029478, ALVIV) is listed on Euronext Growth Paris. The share is eligible for the PEA and PEA-PME personal equity plans.
For further information, visit www.visiativ.com
VISIATIV CONTACT Lydia JOUVAL External communication Tel.: +33 (0)4 78 87 29 29 lydia.jouval@visiativ.com |
INVESTOR CONTACT ACTUS Mathieu OMNES Tel.: +33 (0)1 53 67 36 92 momnes@actus.fr |
PRESS CONTACT ACTUS Serena BONI Tel.: +33 (0)4 72 18 04 92 sboni@actus.fr |
Appendices - Consolidated quarterly revenues
Consolidated 1st quarter revenues – Unaudited figures
In €M - Data as at 31/03 | Q1 2019 (3 months) |
Q1 2020 (3 months) |
Change | Organic growth 1 |
3DEXPERIENCE VAR (Dassault Systèmes) | 24.8 | 24.2 | -2% | -5% |
VISIATIV PLATFORM | 16.6 | 18.1 | +9% | +4% |
of which Software (Moovapps) | 7.0 | 7.0 | 0% | -7% |
of which Consulting | 6.9 | 8.4 | +21% | +16% |
of which Business Development | 2.7 | 2.7 | -1% | 0% |
Total revenue | 41.4 | 42.3 | +2% | -1% |
o/w recurring revenue | 25.2 | 27.9 | +11% | +8% |
% recurring | 61% | 66% | +5 pts |
Consolidated 2nd quarter revenues – Unaudited figures
In €M - Data as at 30/06 | Q2 2019 (3 months) |
Q2 2020 (3 months) |
Change | Organic growth1 |
3DEXPERIENCE VAR (Dassault Systèmes) | 25.5 | 22.1 | -14% | -14% |
VISIATIV PLATFORM | 18.0 | 18.2 | +1% | -2% |
of which Software (Moovapps) | 8.0 | 7.0 | -12% | -16% |
of which Consulting | 7.6 | 8.4 | +11% | +7% |
of which Business Development | 2.4 | 2.7 | +15% | +15% |
Total revenue | 43.5 | 40.3 | -7% | -9% |
o/w recurring revenue | 28.3 | 27.8 | -2% | -3% |
% recurring | 65% | 69% | +4 pts |
Consolidated 3rd quarter revenues – Unaudited figures
In €M - Data as at 30/06 | Q3 2019 (3 months) |
Q3 2020 (3 months) |
Change | Organic growth1 |
3DEXPERIENCE VAR (Dassault Systèmes) | 25.0 | 19.6 | -21% | -21% |
VISIATIV PLATFORM | 17.0 | 16.5 | -3% | -6% |
of which Software (Moovapps) | 7.1 | 6.8 | -5% | -10% |
of which Consulting | 6.7 | 7.4 | +10% | +6% |
of which Business Development | 3.1 | 2.4 | -24% | -24% |
Total revenue | 41.9 | 36.2 | -14% | -15% |
o/w recurring revenue | 23.0 | 25.0 | +9% | +5% |
% recurring | 55% | 69% | +14 pts |
1 Growth on a like-for-like basis, ignoring the impact of the consolidation of CCSL (01/07/2019) and Living Actor (01/12/2019), and with constant exchange rate.
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Full and original press release in PDF: https://www.actusnews.com/news/65695-visiativ-pr-q3-2020-20201021-en.pdf