Dassault Systèmes Reports Double-digit Software Revenue and EPS Growth for 2012

The Company’s initial 2013 financial objectives are as follows:

  • First quarter 2013 non-IFRS total revenue objective of about €470 to €480 million, growing 5% to 7% excluding currency effects, non-IFRS operating margin of about 28– 29% and non-IFRS EPS of about €0.71 to €0.76;
  • 2013 non-IFRS revenue growth objective range of about 5% to 7% in constant currencies (€2.06 to €2.09 billion based upon the 2013 currency exchange rate assumptions below);
  • 2013 non-IFRS operating margin of about 32%, up slightly compared to 2012;
  • 2013 non-IFRS EPS range of about €3.45 to €3.60, representing growth of about 2% to 7%;
  • Objectives are based upon exchange rate assumptions for the 2013 first quarter and full year of US$1.40 per €1.00 and JPY120 per €1.00.

The Company’s objectives are prepared and communicated only on a non-IFRS basis and are subject to the cautionary statement set forth below.

The 2013 non-IFRS objectives set forth above do not take into account the following accounting elements and are estimated based upon the 2013 currency exchange rates above: 2013 deferred revenue write-downs estimated at approximately €4 million, share-based compensation expense estimated at approximately €35 million and amortization of acquired intangibles estimated at approximately €94 million. The above objectives do not include any impact from other operating income and expense, net. Further, these estimates do not include any new stock option or performance share grants, or any new acquisitions or restructurings completed after February 7, 2013.

Today’s Webcast and Conference Call Information

Today, Thursday, February 7, 2013, Dassault Systèmes will first host a meeting in Paris, which will be simultaneously webcasted at 10:00 AM London time/11:00 AM Paris time and will then host a conference call at 9:00 AM New York time/ 2:00 PM London time/3:00 PM Paris time. The webcasted meeting and conference call will be available via the Internet by accessing http://www.3ds.com/company/finance/. Please go to the website at least 15 minutes prior to the webcast or conference call to register, download and install any necessary audio software. The webcast and conference call will be archived for 30 days.

Additional investor information can be accessed at http://www.3ds.com/company/finance/ or by calling Dassault Systèmes’ Investor Relations at 33.1.61.62.69.24.

Key Investor Relations Events

First Quarter Earnings, April 25, 2013 in London

Second Quarter Earnings, July 25, 2013 in Paris

Forward-looking Information

Statements herein that are not historical facts but express expectations or objectives for the future, including but not limited to statements regarding the Company’s non-IFRS financial performance objectives, are forward-looking statements.

Such forward-looking statements are based on Dassault Systèmes management's current views and assumptions and involve known and unknown risks and uncertainties. Actual results or performances may differ materially from those in such statements due to a range of factors. If global economic and business conditions continue to be volatile or deteriorate, the Company’s business results may not develop as currently anticipated and may decline below their earlier levels for an extended period of time. Furthermore, due to factors affecting sales of the Company’s products and services, there may be a substantial time lag between any change in global economic and business conditions and its impact on the Company’s business results.

In preparing such forward-looking statements, the Company has in particular assumed an average US dollar to euro exchange rate of US$1.40 per €1.00 and an average Japanese yen to euro exchange rate of JPY120 to €1.00 for the 2013 first quarter and full year; however, currency values fluctuate, and the Company’s results of operations may be significantly affected by changes in exchange rates. The Company’s actual results or performance may also be materially negatively affected by changes in the current global economic context, difficulties or adverse changes affecting its partners or its relationships with its partners, changes in exchange rates, new product developments, and technological changes; errors or defects in its products; growth in market share by its competitors; and the realization of any risks related to the integration of any newly acquired company, in particular related to the integration of Gemcom Software International and internal reorganizations. Unfavorable changes in any of the above or other factors described in the Company’s regulatory reports, including the 2011 Document de référence, and 2012 Half Year Financial Report, which were filed with the French Autorité des Marchés Financiers (AMF) on March 29, 2012, and July 27, 2012, respectively, could materially affect the Company’s financial position or results of operations.

Estimated results

Readers are cautioned that the results and financial data presented in this press release are “estimated data” according to the 2004-04 Position “Communications on estimated financial data” of the AMF updated on August 1, 2012. The approval of the 2012 financial statements will be submitted to the Board of Directors scheduled at the end of March 2013.

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