Dassault Systemes: Doubling Earnings and Shaping Sustainable Future

Published by MEXEM Technical Analysis

June 9, 2023 11:25 AM

Published -June 9th, 2023 @ 11:00 AM (GMT+2 )

Dassault Systemes Sets Sights on Doubling EPS by 2028

As a leading software solutions provider, Dassault Systemes ( EPA:DSY ) is embarking on a transformative journey with sights set on a significant financial milestone.

The French company announced ambitious plans to double its earnings per share (EPS) by 2028, targeting a non-IFRS EPS of between 2.20 and 2.40 euros, a substantial increase from the 1.13 euros reported in 2022.

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Shifting to a Subscription Model: The Horizon 2040 Strategy

To achieve this, Dassault is shifting towards a subscription-based model, a change expected to provide a more predictable revenue stream and facilitate better planning and cost management.

This move is part of the company's Horizon 2040 strategy, which envisions expanding its addressable markets from the current €100 billion to a staggering €1 trillion by 2040.

Leadership Transition: Pascal Daloz to Become CEO in 2024

At the helm of these changes is Pascal Daloz, set to take over as CEO on January 1, 2024. Current Chairman and CEO Bernard Charlès will continue as Chairman of the Board of Directors, bringing his four decades of experience to bear on the company's future direction.

Charlès emphasized the need for a "true metamorphosis" in the industry, driven by sustainable innovations that harmonize product, nature, and life.

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Envisioning the Future: Virtual Twin Experiences and Sustainability

Daloz echoed these sentiments, envisioning a future where virtual twin experiences will catalyze new ways of collaborating at scale and promoting sustainability.

He underscored Dassault's unique positioning as a scientific company ready to make the 21st-century industry sustainable and expressed excitement about future prospects.

Solid Financial Foundation: Dassault's Business Model and Strategies

CFO Rouven Bergmann backed these strategic plans and confirmed the company's robust business model and balance sheet. He expressed confidence in Dassault's ability to drive sustainable, double-digit revenue growth and meet its long-term non-IFRS EPS objectives.

Bergmann also highlighted the company's high cash conversion rate and disciplined capital allocation strategy as key drivers for future growth and potential acquisitions.

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