2023 annual results: up 7%

Growth in revenue of +7% in 2023, with SaaS subscriptions up by a substantial +69%

  • Growth in revenue of +7% in 2023, with SaaS subscriptions up by a substantial +69%
  • ARR from SaaS subscriptions at 31 December 2023: €40.1m up +46% driven by the gradual transformation of the sales model
  • International: revenue of €100m in 2023, representing 36% of Group activity
  • EBITDA margin of 9.8%: transformation of the Group’s business model in the scope of the implementation of the new SHIFT5 strategic plan
  • Strengthening of activities in the UK: acquisition of SOLID Applications, Value-Added Reseller of Dassault Systèmes’ SOLIDWORKS suite


Bolstered by record sales in Q4, Visiativ reported +7% growth in sales for 2023, marked by the buoyancy of the CONSULTING division (+14%) and the ongoing transformation of the SOFTWARE division’s sales model, with SaaS subscriptions gaining +69% year-on-year, in line with the SHIFT5 strategic plan. ARR (Annual Recurring Revenue) came in at €40.1m at the end of December 2023, up +46% year-on-year.


EBITDA was down slightly (-5%) due to the adaptation of sales force incentives to the new sales models, the All Visiativ program and international marketing investments related to the standardisation of subsidiary brands. The EBITDA margin thus came in at 9.8% in 2023, versus 11.0% one year prior. Net income (Group share) amounted to €10.0m in 2023.


Visiativ announces the acquisition of SOLID Apps, the distributor and integrator of SOLIDWORKS solutions published by Dassault Systèmes. SOLID Apps benefits from an installed base of over 600 customers and generated sales of £3m in 2023, 70% of which are recurring.
In 2024, Visiativ will continue to roll out its SHIFT5 strategic plan, which focuses on international development and the transition of its sales model towards SaaS subscriptions. For 2028, Visiativ is targeting sales of €500m, 50% of which generated internationally, and ARR from SaaS subscriptions of €100m.


At the end of February 2024, Groupe SNEF and the main shareholders of Alliativ (Visiativ’s controlling shareholder) signed a share transfer agreement enabling Groupe SNEF to acquire around 75.72% of Alliativ’s capital. The acquisition is expected to be made by way of a cash sale, on the basis of a value through transparency equal to a price of €37.00 per Visiativ share (coupon attached), and to be followed by the filing of a proposed public tender offer for the remaining Visiativ shares at a unit price of €37.00 per share.


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