Dassault Systemes May Slow Acquisition Speed of Past Months: CEO
2014-07-08 09:03:33.884 GMT
By Claudia Rach
July 8 (Bloomberg) -- Dassault won’t continue with almost
one acquisition every month as in the past 16 months, even
though co. always active as aims to fulfill its vision, CEO
Bernard Charles says in interview.
* CEO reiterates co.’s philosophy of no hostile takeovers, not
acquiring to buy market share
* NOTE: Dassault acquisitions include Accelrys, Realtime
Technology, Safe Technology, Apriso, Simpoe, Archivideo,
FE-Design, SFE, SquareClock in addition to several
start-ups in past 2 years, according to co.
* CEO sees further consolidation in IT services, consulting
sector
* Confirms Dassault’s sales growth of double digit this year,
says is confident to reach 2014 targets
* NOTE: Co. targets 2014 non-IFRS rev. of EU2.28b to
EU2.30b (+14% to +15%)
* Sees 2014 non-IFRS EPS of EU3.45 to EU3.50
* Sees 2014 non-IFRS operating margin of 29.5%-30%
* Restates view that world economy isn’t necessarily back
to fast growth this year
* Next catalyst: Co. scheduled to report 2Q results July 24
* NOTE: Stock up 6.3% YTD vs SX8P down 2.1%
* NOTE: 24 analyst ratings 38% buy, 38% hold, 25% sell; avg.
PT EU97
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To contact the reporter on this story:
Claudia Rach in Berlin at +49-30-70010-6219 or
crach1@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net
2014-07-08 09:03:33.884 GMT
By Claudia Rach
July 8 (Bloomberg) -- Dassault won’t continue with almost
one acquisition every month as in the past 16 months, even
though co. always active as aims to fulfill its vision, CEO
Bernard Charles says in interview.
* CEO reiterates co.’s philosophy of no hostile takeovers, not
acquiring to buy market share
* NOTE: Dassault acquisitions include Accelrys, Realtime
Technology, Safe Technology, Apriso, Simpoe, Archivideo,
FE-Design, SFE, SquareClock in addition to several
start-ups in past 2 years, according to co.
* CEO sees further consolidation in IT services, consulting
sector
* Confirms Dassault’s sales growth of double digit this year,
says is confident to reach 2014 targets
* NOTE: Co. targets 2014 non-IFRS rev. of EU2.28b to
EU2.30b (+14% to +15%)
* Sees 2014 non-IFRS EPS of EU3.45 to EU3.50
* Sees 2014 non-IFRS operating margin of 29.5%-30%
* Restates view that world economy isn’t necessarily back
to fast growth this year
* Next catalyst: Co. scheduled to report 2Q results July 24
* NOTE: Stock up 6.3% YTD vs SX8P down 2.1%
* NOTE: 24 analyst ratings 38% buy, 38% hold, 25% sell; avg.
PT EU97
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Claudia Rach in Berlin at +49-30-70010-6219 or
crach1@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net