Dassault Systemes Capital Market Day 

Dassault Systemes* had their Capital day on Friday.  They are forecasting a doubling of their earnings per share (EPS) by 2028. They announced a new CEO Pascal Daloz currently COO. P. Daloz has been the main architect behind the diversification into healthcare, making Dassault Systemes a truly diversified software company.

Dassault laid their plan to reach non-IFRS EPS between 2.20 euros and 2.40 euros by 2028, roughly double the 1.13 euros it posted for the full year of 2022. Most of the growth will be organic, M&A slated to account for less than 20% of growth. Looking at the historical track record of the company, this target looks easily achievable.

This goal will be reached by addressing all industrial sectors with a 3D  offering  focus with a focus on healthcare where 3D penetration is lagging when compared with other industries like auto or aerospace.

The market reaction was muted. This may be due to the esoteric style of the speakers. There is room for improvement in the way Dassault Systemes communicate its long-term vision, but the strategy itself is spot on. 



*Both Deshima Smart Data and Deshima Europe own Dassault Systemes