(Reuters) – Dassault Systèmes on Friday announced plans to double its net earnings per share (EPS) by 2028 and the appointment of a new chief executive for 2024.
The group expects non-IFRS EPS of between 2.20 euros and 2.40 euros by 2028, twice as much as in 2022, when it was 1.13 euros.
The French software manufacturer presents its strategy for the next five years on Friday, as part of its investor day, as well as its new horizon of 2040.
Like many software vendors, it is moving from a license-centric model, where customers pay for software upfront, to a subscription model, where payments are made at regular intervals.
Proponents of this model say it allows companies to have a more predictable revenue stream, making it easier to plan and manage costs.
“Dassault Systèmes should thus increase its addressable markets from 100 billion euros today to 1,000 billion euros in 2040”, declared in a press release Pascal Daloz, deputy general manager of the group.
The latter will be appointed chief executive on January 1, 2024, announced the company, which provides software to car and aircraft manufacturers as well as industrial customers.
He will replace Bernard Charlès, who will however retain his position as Chairman of the Board of Directors.
(Report Olivier Sorgho and Augustin Turpin; Victor Goury-Laffont, edited by Kate Entringer)
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