Annual revenue of €190.0m in 2020, down by a moderate 6%
- The 3DEXPERIENCE VAR division performed well at year-end
- 70% recurring revenues in 2020
- Significant improvement in CSR score
Visiativ had a solid 4th quarter 2020 in a still very turbulent environment. Quarterly revenue amounted to €36.2m, down 7% (8% at constant scope and exchange rates), marked particularly by the strong activity recorded by the 3DEXPERIENCE VAR division, which was almost unchanged over the period (-1%).
Visiativ’s total revenue for the full-year 2020 came in at €190.0m, sliding by only 6% (8% in organic terms). Recurring revenue, a factor that will support the Group’s resilience in the coming months, rose by 5% in 2020, accounting for 70% of activity over the financial year. The year elapsed also saw a further surge in international activities (up 2%), which made up 26% of sales in 2020.
With a strong 2020 performance behind it, Visiativ’s focus remains the execution of the CATALYST strategic plan, as it confirms its target of €30m of EBITDA by 2023, to be achieved by ramping up the synergies between the various activities and optimising operational performance.