VÉLIZY-VILLACOUBLAY, France, Apr 27, 2023 – Dassault Systèmes announced IFRS unaudited financial results for the first quarter ended March 31, 2023. This quarter’s revenue stood at €1.43B, 10% down compared to €1.58B of fourth quarter of 2022, with a profit of €255.1M.
Bernard Charlès, Dassault Systèmes’ chairman of the Board and chief executive officer commented: “As the Experience Economy and the circular economy are converging, our valued customers see reinventing a sustainable economy as both a challenge and a significant opportunity to differentiate. Our most advanced clients demonstrate the value of experience-based product creation and confirm the importance of expanding product life cycle management to material circularity. They rely on Dassault Systèmes to imagine new solutions, create differentiated offerings and new ways of operating. Today, the innovators who create, produce and run sustainable experiences, think in terms of lifecycle and systems of systems.
We make this a reality through our virtual twin experiences, powered by the 3DEXPERIENCE platform, that offer a unique combination of science (including material sciences, biology, mechanics, electronics and chemistry), modeling, simulation and AI-based data science. Dassault Systèmes empowers customers with a holistic approach to innovation and the ability to seamlessly link value creation with value experienced, design and usage, to cover the full experience lifecycle.
The wide adoption of virtual twin experiences by user communities is the catalyst of new ways of collaborating at scale and capitalizing knowledge and know-how, based on “Experience as a Service”. Today’s and tomorrow’s industry leaders are those who leverage platforms and virtual twins to connect supply and demand, to bring together new experience-centered industrial value networks, and to build a heritage of knowledge and know-how. Investing in virtual twin experiences is the most valuable way to create sustainable paths for the future.”
Pascal Daloz, Dassault Systèmes’ deputy chief executive officer & chief operating officer, commented: “For our customers, their business environment remains volatile. To increase agility and profitability, clients are turning to Dassault Systèmes to enable real-time analysis of raw material and part substitutions, as well as the reshaping of value networks.
In manufacturing industries, sustainability is driving a reimagining of portfolios. There is a race to innovate across all subsectors from new mobility to clean energy. In Life Sciences, smarter approaches to research and development – from the Virtual Twin of the Human to Synthetic Control Arms – are vital to advance and scale complex therapeutics and promote the patient journey towards precision medicine.
These transformations can only be achieved with our deep-science and platform based virtual twin experiences. As we look to the remainder of the year, we are uniquely well positioned to turn challenges into opportunities and execute successfully against the significant business drivers before us.”
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.
