Tillkännagivande • Jan 30
ESI Group SA Ordinary Shares to Be Deleted from OTC Equity ESI Group SA Ordinary Shares (France) will be deleted from OTC Equity effective January 30, 2024, due to Acquisition /Merger /Amalgamation. Tillkännagivande • Nov 05
Keysight Technologies, Inc. (NYSE:KEYS) completed the acquisition of 50.6% stake in ESI Group SA (ENXTPA:ESI) from group of shareholders. Keysight Technologies, Inc. (NYSE:KEYS) made a binding offer to acquire 50.6% stake in ESI Group SA (ENXTPA:ESI) from group of shareholders for approximately €480 million on June 28, 2023. As of September 22, 2023, Keysight Technologies, Inc. (NYSE:KEYS) signed a definitive agreement to acquire 50.6% stake in ESI Group SA (ENXTPA:ESI) from group of shareholders. The offer per share is €155. Keysight will finance the transaction from a combination of cash and cash equivalents on its balance sheet. For the purposes of the Offer, the board of directors of ESI Group established an ad hoc committee, comprising Alex Davern, Cristel de Rouvray, Yves de Balmann and Patrice Soudan. Transaction is subject to the signing of definitive agreements, and regulatory approvals. As of September 22, 2023, the transaction is expected to be completed in the fourth quarter of 2023, subject to obtaining the necessary regulatory approvals. This would be followed by the filing of the tender offer. J.P. Morgan Securities LLC acted as a financial advisor, Paul Hastings LLP acted as a legal advisor to Keysight. McDermott Will & Emery LLP acted as a legal advisor, Rothschild & Co SCA (ENXTPA:ROTH), and Evercore Group L.L.C. acted as financial advisors to ESI Group. King & Spalding International LLP is acting as a legal advisor to Amy-Sheldon Loriot de Rouvray, Cristel Loriot de Rouvray, John Alexandre Loriot de Rouvray, and Amy Louise Loriot de Rouvray.Keysight Technologies, Inc. (NYSE:KEYS) completed the acquisition of 50.6% stake in ESI Group SA (ENXTPA:ESI) from group of shareholders on November 3, 2023. As a part of closing, Keysight Technologies also confirms its intention to proceed with the filing of a mandatory tender offer (« offre publique d’achat ») for all remaining outstanding shares of ESI Group, at a price of 155 euros per share (the offer) in the coming days. J.P. Morgan SE and BNP Paribas are acting as presenting banks on the Offer, with BNP Paribas acting as guaranteeing bank. Tillkännagivande • Jun 29
ESI Group to Be Delisted from Euronext Paris, Upon Completion of Offer Keysight Technologies Inc. (Keysight) and ESI Group SA announced that Keysight has made a binding offer to certain shareholders of ESI Group to acquire a controlling block of ESI Group’s share capital, representing in aggregate 50.6% of the share capital and 55.8% of the theoretical voting rights of ESI Group, at a price per share of €155 in cash, and in return for entering into exclusivity. Under Keysight’s binding offer, the block acquisition, once completed, would be followed by the filing by Keysight of a proposed mandatory tender offer for the remaining shares of ESI Group outstanding at the time and, if the legal conditions are met at the end of the offer, a squeeze-out procedure and the delisting of ESI Group from Euronext Paris. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €101, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 26x in the Software industry in Germany. Total returns to shareholders of 247% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €76.22 per share. Tillkännagivande • May 19
ESI Group Confirms Sale Talks ESI Group SA (ENXTPA:ESI) on May 18, 2023 confirmed it is holding initial discussions with certain third parties regarding a possible acquisition of the company. The talks followed the receipt of indicative non-binding proposals. Further details were not provided. The company’s statement comes after a Bloomberg report saying that ESI has tapped advisers to consider a sale amid takeover interest from suitors including larger rival Dassault Systèmes SE (ENXTPA:DSY), as well as from private equity firms TA Associates Management, L.P. and Francisco Partners Management, L.P. Shares in ESI soared on the news, trading 20.58% higher at EUR 116 as of 15:38 CET in Paris on May 18, 2023. Its market capitalization tops EUR 703.4 million (USD 758.5 million). Reported Earnings • Mar 20
Full year 2022 earnings released: EPS: €2.69 (vs €3.24 loss in FY 2021) Full year 2022 results: EPS: €2.69 (up from €3.24 loss in FY 2021). Revenue: €133.9m (down 2.0% from FY 2021). Net income: €15.4m (up €33.9m from FY 2021). Profit margin: 12% (up from net loss in FY 2021). The move to profitability was driven by lower expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Sep 28
An unknown buyer acquired Scilab Enterprises S.A.S. and Inendi Products. An unknown buyer acquired Scilab Enterprises S.A.S. and Inendi Products in 2021.
An unknown buyer completed the acquisition of Scilab Enterprises S.A.S. and Inendi Products in 2021. Reported Earnings • Sep 13
First half 2022 earnings released: EPS: €4.87 (vs €0 in 1H 2021) First half 2022 results: EPS: €4.87 (up from €0 in 1H 2021). Revenue: €84.3m (up 3.0% from 1H 2021). Net income: €13.9m (up 26% from 1H 2021). Profit margin: 17% (up from 14% in 1H 2021). Revenue is forecast to grow 5.3% p.a. on average during the next 4 years, compared to a 8.4% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings. Tillkännagivande • May 04
ESI Group Sa Announces the Open-Source Release of Its Inspector Software ESI Group SA announces the open-source release of its Inspector software; an opening for the scientific community, industrial collaboration, and innovation. Inspector is a visual and interactive data exploration software that can analyze a large volume of data to extract useful information that can be applied in the following contexts: predictive maintenance, cybersecurity, control, and analysis of machine learning algorithms. By making Inspector software available to as many people as possible, ESI Group continues its commitment to the industrial and academic ecosystems, offering them the possibility of working on a reliable and customizable solution to meet the technical challenges and specific needs of the community. ENSAM will lead the development and expansion of Inspector, as part of the continuum of sponsorship and co-creation activities already in progress between ESI Group and ENSAM. This collaboration has been reinforced with their mutual involvement in the DesCartes program led by the CNRS in Singapore, the CREATE-ID international research chair, and through the ESI - ENSAM virtual engineering laboratory. This open-source approach has many advantages. First, it allows the community to use the software in an optimal and fast way, thus, enabling the scientific community to benefit from new functionalities adapted to the requirements of each user, as well as from security improvements. Secondly, through its approach, ESI Group wishes to offer an opportunity to benefit from a software whose reliability has been proven over the years by its customers in various industries, including Automotive and Aeronautics. Reported Earnings • Apr 14
Full year 2021 earnings released: €3.24 loss per share (vs €0.25 profit in FY 2020) Full year 2021 results: €3.24 loss per share (down from €0.25 profit in FY 2020). Revenue: €136.6m (up 3.0% from FY 2020). Net loss: €18.5m (down €19.9m from profit in FY 2020). Over the next year, revenue is forecast to grow 6.6%, compared to a 15% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Tillkännagivande • Apr 07
ESI Group Appoints Florence Barré as Chief of Staff and Member of the Leadership Team ESI Group appoints Florence Barré as Chief of Staff to Cristel de Rouvray, the Group's Chief Executive Officer, effective March 29th, 2022. Florence joins ESI’s leadership team and will report directly to Cristel de Rouvray. In this role, Florence will coordinate cross-functional initiatives, support strategic analysis, lead communication and change, and special projects alongside Cristel de Rouvray. Florence Barré, 34 years old, joined ESI Group in February 2018 as Corporate & Financial Communication Manager before being promoted last year, Change and Communications Director for the Group in which she played an important role in supporting the elaboration of ESI’s 3-year strategic plan, notably. Tillkännagivande • Mar 03
ESI Group Provides Revenue Guidance for the Year 2022, 2023 and 2024 ESI Group provided revenue guidance for the year 2022, 2023 and 2024. For the year 2022, the company expects revenue (excluding special projects) to be between 4% to 6% at constant exchange rate.For the year 2023, the company expects revenue (excluding special projects) to be between 6% to 8% at constant exchange rate.For the year 2024, the company expects revenue (excluding special projects) to be between 7% to 9% at constant exchange rate. Tillkännagivande • May 06
An unknown buyer acquired 10.7% stake in ESI Group SA (ENXTPA:ESI) from INTEGRA for €2 million. An unknown buyer acquired 10.7% stake in ESI Group SA (ENXTPA:ESI) from INTEGRA for € 2 million on May 4, 2021.
An unknown buyer completed the acquisition of 10.7% stake in ESI Group SA (ENXTPA:ESI) from INTEGRA on May 4, 2021. Tillkännagivande • Apr 30
ESI Group SA Provides Earnings Guidance for the First Half of 2021 ESI Group SA provided earnings guidance for the first half of 2021. For the period the Group expects revenue to be in the range of €80.5 million to €82.5 million. Reported Earnings • Apr 17
Full year 2020 earnings released: EPS €0.25 (vs €4.43 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €132.6m (up 19% from FY 2019). Net income: €1.41m (up €24.3m from FY 2019). Profit margin: 1.1% (up from net loss in FY 2019). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Tillkännagivande • Mar 17
ESI Group SA Provides Revenue Guidance for the Quarter Ending March 31, 2021 ESI Group SA provided revenue guidance for the quarter ending March 31, 2021. For the quarter, the company expected revenue to be in the range of €52m to €55m. Tillkännagivande • Feb 18
ESI Group Appoints Mike Salari to Corporate Chief Operating Officer - Revenue Generation ESI Group announced the appointment of Mike Salari as Corporate Chief Operating Officer (C-COO) Revenue Generation. Mike will continue to report to the Group CEO, Cristel de Rouvray. Revenue Generation is a newly formed family of functions with focus on customer-centric business execution to ensure accountability and commitment on the Group’s performance. Mike will be leading this activity generating a sustainable growth plan with current and future clients across globe. Mike Salari joined ESI Group in 2008 when ESI acquired Mindware, an engineering services company he founded and operated from Detroit, USA and Pune, India. After contributing to its successful integration at ESI, including the creation of a now thriving business unit in India, Mike went on to hold a variety of roles, spanning integration of new business, business development, general management and coordinating global processes. Mike Salari started his career in virtual engineering in the early 1990s. Since then, he has been working closely with OEMs and their suppliers in various industries to develop and implement simulation based innovative solutions to improve product design and development. He was one of the partners and VP of Operations at ICEM CFD Engineering, when the company was acquired by ANSYS in 2000. Is New 90 Day High Low • Feb 16
New 90-day high: €48.70 The company is up 18% from its price of €41.30 on 18 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €52.44 per share. Tillkännagivande • Feb 09
ESI Group Announces Management Changes ESI Group announced as part of the evolution of its governance, effective February 8th, 2021, the appointment of Alex Davern as Director and Chairman of the Board of Directors, changes to the organization of the Board and the planned retirement of Vincent Chaillou, Corporate COO. Chairman of the Board: As of February 8th, 2021, Alex Davern is appointed Director and chairman of the ESI Group board of directors. Alex Davern was appointed independent observer by ESI Board of Directors in October 2020, and was previously CEO of National Instruments Inc. Alex Davern served National Instruments for 26 years in successive leadership positions including as Chief Operating Officer and Chief Executive Officer. Anticipating the end of his mandate at the June 2021 shareholders meeting, Charles-Helen des Isnards has stepped down from ESI's Board of Directors effective February 8th, 2021 and is nominated Board Observer. The Board announces the retirement of Vincent Chaillou, effective on December 31st, 2021. On February 8th, 2021, ESI Group's Board of Directors, recorded the planned end of Vincent Chaillou mandate as Corporate COO (DGD) as of June 22nd, 2021, date of the planned Shareholders meeting. From June 23rd, 2021, Vincent Chaillou will remain Strategic Director and Regional Manager for EMEA & Far East and member of the Group Executive Committee till December 31st, 2021. Tillkännagivande • Jan 15
ESI Group to Collaborate on R&D French Project for Sustainable Automotive Aluminum Solutions ESI Group announced that it is to develop lightweight, recyclable and cost-efficient aluminum solutions for the automotive market along with Constellium, Groupe Renault, Institut de Soudure (Welding Institute) and the University of Lorraine within the ISA3 project. Project ISA3 focuses on the design and development of aluminum automotive doors that would be 15% lighter than current average aluminum solutions, more efficient to produce, and recyclable at all stages of its life cycle. This €7 million project is to further lightweight vehicles by accelerating automakers’ transition from steel to aluminum. Scheduled to run through 2023, it will focus on alloys and solutions that enable closed loop recycling. Is New 90 Day High Low • Dec 16
New 90-day high: €42.40 The company is up 12% from its price of €37.70 on 17 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €22.63 per share. Tillkännagivande • Dec 04
ESI Group Contributes to Nissan’s Breakthrough in Carbon Fiber Parts Production for Safer and Lighter Vehicles ESI Group supports Nissan Motor Co in its production process that speeds up the development of car parts made from carbon fiber reinforced plastics (CFRP). Light yet extremely strong, this material will be used to make safer and more fuel-efficient cars. Safety, comfort and autonomy are key outcomes for consumers. To face this situation, automakers continuously innovate in different fields such as lightweight to help them achieve their expected results. For this purpose, the use of new materials can be key. Commonly used in other industries such as Aerospace and with promising capabilities, Carbon Fiber Reinforced Plastics (CFRP) were too time-consuming and too expensive to industrialize for the Automotive sector.“We have always considered CFRP as a material for future generations of cars. But when it comes to reality, CFRP can be used only for limited models and appears to be more challenging for mass market production. Indeed, costs are high, and complex designs are required to shape CFRP. The challenge was to industrialize its production process in order to reduce costs and development time.” explains Hideyuki Sakamoto, EVP of Nissan Motor Co. ESI Group has been supporting Nissan’s CFRP challenge since 2015 in the evolution of its industrial product design and manufacturing methodologies for various vehicle models. The partnership was strengthened in 2018 with the CFRP mass production project. To overcome the difficulty in shaping CFRP parts, Nissan’s engineers, helped by ESI’s solution, found a new approach: the process of Compression Resin Transfer Molding (C-RTM). The existing method involves forming carbon fiber into the right shape and setting it in a die with a slight gap between the upper die and the carbon fibers. Resin is then injected into the fiber and left to harden. Nissan’s engineers developed techniques to accurately simulate the permeability of the resin in carbon fiber, while visualizing resin flow behavior in a die using an in-die temperature sensor and a transparent die. The result of the successful simulation was a high-quality component with shorter development time. Using Virtual Prototype of the product, Nissan succeeded: a high-quality component with a development time reduced by 50% and reduced by 80% of single molding. Is New 90 Day High Low • Nov 11
New 90-day high: €40.00 The company is up 7.0% from its price of €37.50 on 13 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €34.58 per share.