Dassault Systèmes: updates multi-year growth plan
(CercleFinance.com) - At its CMD Dassault Systèmes said that it is updating its multi-year growth plan, now aiming at an average annual EPS growth of approximately 13% for the period 2020-2024, thereby increasing it to six euros by 2024.
The assumptions underlying this five-year target include approximately a 10% increase in non-IFRS sales at constant exchange rates, with its in non-IFRS operating margin rising by approximately 290 basis points.
"We also see significant growth in operating cash flow, with an average annual operating cash flow of about E1.5 billion over this 2020-2024 timeframe," added Pascal Daloz, Dassault Systèmes' Chief Operating Officer& Chief Financial Officer.
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The assumptions underlying this five-year target include approximately a 10% increase in non-IFRS sales at constant exchange rates, with its in non-IFRS operating margin rising by approximately 290 basis points.
"We also see significant growth in operating cash flow, with an average annual operating cash flow of about E1.5 billion over this 2020-2024 timeframe," added Pascal Daloz, Dassault Systèmes' Chief Operating Officer& Chief Financial Officer.
Copyright (c) 2020 CercleFinance.com. All rights reserved.