Dassault Systèmes: on the rebound











Photo credit © Dassault Systemes


(Boursier.com) — Dassault Systems rises 2.4% to 42.40 euros at the end of the week in Paris, despite Goldman Sachs which lowered the sights on the file from 60 to 57 euros, while remaining in the purchase. For its part, SG has gone back to buying with an adjusted target of 46 to 48 euros. While the software company specializing in ‘3D’ design unveiled solid 2021 accounts and anticipates another year of growth in 2022, it also warned that its operating margin will contract, while it plans to increase the salaries of its employees due to a “war for talent”. “There is a talent war, so we are going to have some inflation on wages, and we must continue to hire significantly in certain regions”, explained the director of operations Pascal Daloz during a conference call.

The group is targeting a 2022 operating margin of between 32.7% and 33.1%, compared to 34.5% in 2021 and a consensus of 32.9%. Management also expects a 3% to 6% increase in its non-IFRS EPS per share, between 0.98 euro and 1 euro, against 0.95 euro in 2021, for an expected non-IFRS turnover. up organically from 9% to 10% (between 5.3 billion and 5.35 billion euros and 5.36 billion euros by consensus). In the first quarter alone, Dassault Systèmes is betting on organic growth of 9% to 11% and on EPS of between 0.23 and 0.24 euros.


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