Dassault Systemes Aims to Double Earnings by 2029

By Adria Calatayud

Dassault Systemes said it aims to double earnings excluding exceptional items by 2029 as it looks to deploy its generative artificial intelligence offering.

The French software maker said Friday that its updated midterm financial ambition calls for doubling its non-IFRS diluted earnings per share by 2029. For 2024, the company's non-IFRS diluted earnings per share stood at 1.28 euros ($1.46).

The company said its target reflects a gradual acceleration in top-line growth, the scale-up of 3D UNIV+RSES--an offering that embeds multiple generative AI technologies--, and its capital allocation, including targeted mergers and acquisitions.

Dassault Systemes, like other European software companies, presents its figures as two sets of numbers. One set is based on the International Financial Reporting Standards--an international accounting method that seeks to provide a global reporting standard--though analysts and investors tend to follow non-IFRS numbers. Non-IFRS figures exclude share-based compensation, restructuring expenses and acquisition-related charges.

Write to Adria Calatayud at [e-mail]

Corrections & Amplifications

This article was corrected at 0808 GMT to reflect Dassault Systemes' non-IFRS diluted earnings per share for 2024 stood at 1.28 euros ($1.46). The original version misstated the figures as 0.90 euros ($1.03) in the second paragraph.

(END) Dow Jones Newswires

06-06-25 0130ET