H1 2018 revenues
€64.1 million, up 16% (2% like-for-like)
Group structuring in anticipation of future growth
Visiativ reported first half 2018 consolidated revenues of €64.1m, up 16% (+2% like-for-like).
The period featured very contrasting results within various divisions as follows:
- Very buoyant Software division with organic growth of 15% in the second quarter (growth accelerated compared to the first quarter +12% excluding major non-recurring business);
- The Integration division grew despite a slowdown in high-margin SOLIDWORKS sales in a lacklustre market. Conversely, there was notable growth in the 3DEXPERIENCE business;
- Innovation consulting, spearheaded by ABGI Group which has been consolidated since 1 April, turned in an excellent first quarter under Visiativ with double-digit revenue growth (as per pro forma data).
Meanwhile, in 2018 Visiativ has done significant groundwork to pave the way for future growth – Group restructuring and consolidation of its latest acquisitions. These investments, along with the Group’s usual seasonal fluctuations and lower than expected revenues on SOLIDWORKS segment will dampen first half operating earnings, which as usual (with the exception of H1 2017) will come in as a loss.