ESI Group: Q1 2019 Revenue up 1.4% to €26.6 Million
Summary
Cristel de Rouvray, Chief Executive Officer of ESI Group, commented: “Our business model does not lend itself to quarterly interpretation, as quarterly metrics do not give a true picture of the results we expect from our focused sales plan. Looked at from a mid to longer term perspective, the solidity of our installed base is demonstrated by a very high recurrence. In this early part of the fiscal year, we continue to confidently and rigorously roll out our plan to create sustainable and lasting value for all our shareholders.” Licensing, the mainstay of the ESI Group’s business model, accounted for 76% of total revenue this quarter. Services, representing 24% of total revenue, include studies for industry, advanced application research and R&D and also training. Present in more than 40 countries, and addressing every major industrial sector, ESI Group employs about 1200 high-level specialists around the world and reported annual sales of €139 million in 2018.