Dassault Q4 Revenue Up 15% to €1.58B with €329M Profit

VÉLIZY-VILLACOUBLAY, France, Feb 3, 2023 – Dassault Systèmes announced IFRS unaudited financial results for the fourth quarter and fiscal year ended December 31, 2022. This quarter’s revenue stood at €1.58B, 15% up compared to €1.37B of third quarter of 2022, with a profit of €328.5M.

Comparative analysis based on Dassault’s financial results in the last 12 quarters (Result source Dassault website)

Comparative analysis based on Dassault’s financial results in the last 12 quarters (Result source Dassault website)

Bernard Charlès, Dassault Systèmes’ chairman of the board and chief executive officer commented: “The world is changing at an unprecedented pace. Our valued customers and partners are turning to Dassault Systèmes to imagine new frontiers, establish new ambitions and create new operating models in a world where sustainability is paramount and the importance of sovereignty has been elevated.

A complete metamorphosis – a radical shift in our perspective on the world – is required. This can only be achieved by leveraging the virtual worlds to improve the real world. Our science based Virtual Twin Experiences rely on a range of multiscale disciplines – biology, chemistry, materials science, mechanics and electromagnetism – allowing our AI engines to transform their gigantic, unorganized data, into structured knowledge and know-how. These virtual assets are becoming the enabler of new products and services to the end consumer, which is what customers are expecting: not just the virtualization of the product, but the virtualization of the product in the context of its usage – this is what “Experience” is about.

The growing adoption of Virtual Twin Experiences is mission critical for our clients, across all sectors, to address their customers’ needs with differentiated experiences and to re-imagine their portfolio for sustainability. We have transformed the processes of creation and production with a holistic approach to circularity, incorporating frugality and end of life into design. We enable companies, and society at large, to measure and balance what it takes and what it gives back to the planet; the eco-bill. IFWE leverage the power of science to harmonize product, nature and life – our raison d’être – together we can have a meaningful impact.

The governance evolution, crafted over years to support the company’s long-term strategy, as communicated in April 2022, is now in effect. As Charles Edelstenne, our founder, takes the role of Honorary chairman and remains a director, I look forward to continuing our collaboration of forty years. I will replicate this successful tandem approach with Pascal Daloz. Pascal and I share the same common conviction: the power of science-based virtual universes drives value and progress for all stakeholders, be they companies, patients, consumers or citizens. Together, we will continue to advance the company’s legacy and mission.”

Pascal Daloz, Dassault Systèmes’ deputy chief executive officer, commented: “I’m thrilled to take on the role of deputy chief executive officer. Bernard and I have enjoyed a successful collaboration for twenty years and I’m looking forward to the next twenty. Over the past two decades, our clients have also been a vital part of the journey. In my new role, I remain deeply committed to extending trusted partnerships, helping clients overcome challenges and realize their ambitions with game changing innovation.

In manufacturing industries, the shift to sustainable experiences is impacting all subsectors from new mobility to clean energy. We are leading the change, as we’ve done for half a century. The Life Sciences industry is transforming rapidly to accelerate drug development, improve efficiency, and scale precision medicine. With a trusted, scalable platform, only Dassault Systèmes is capable of connecting the dots across research, discovery, manufacturing and commercialization. In the Mainstream Market, empowering businesses of all sizes affords significant opportunities.

In 2022, we unveiled the 3DEXPERIENCE IFWE Loop, representing the company’s unique ability to seamlessly link value creation with value experienced. This strategic paradigm shift creates a multiplier effect, allowing us to expand value proposals as well as the audience. As we connect products and usage, we will connect clients to their own customers, fostering the creation of a significant, digital patrimony – a critical element of competitiveness. Reaching consumers, patients and citizens is the next frontier.

As I look to our next horizon, 2040, we have the right team in place; we have laid a strong foundation to capitalize on our market leadership and the many significant opportunities before us. We achieved our deleveraging target well ahead of schedule; we have a strong balance sheet, enabling us to invest strategically to support sustainable growth.”

A complete chart of the financial results is available here.

About Dassault Systèmes

Dassault Systèmes, the 3DEXPERIENCE company, is a catalyst for human progress. They provide business and people with collaborative virtual environments to imagine sustainable innovations. Dassault Systèmes’ 20,000 employees are bringing value to more than 270,000 customers of all sizes, in all industries, in more than 140 countries.

For more information, visit www.3ds.com.

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