Radnor, PA, United States
Radnor, PA, United States

Quintiq is a Supply Chain Planning and Optimization software company, based in the Netherlands. Wikipedia.


Time filter

Source Type

News Article | November 21, 2016
Site: www.marketwired.com

NEW YORK, NY--(Marketwired - Nov 21, 2016) -   Pneuron, a leader in business orchestration software, today announced it will run a complimentary December 1st webcast that will explain how to overcome legacy and costly software and data integration problems that organizations face when merging or engineering large and complex enterprise projects. "Better Insight. Automated Action. Despite Technical Debt" will run Thursday, December 1, 2016. To register please click here. The insightful and informative event will be hosted by Pneuron CTO Tom Fountain, and Jeff Vail, COO of WGroup. "Technology is both the great enabler and the great destroyer. Innovation, transformation, modernization are the keys to staying ahead of competitors," says Fountain. "But how do we overcome legacy technology and technical debt? If speed is essential, how do we address the challenge to 'get fast'?" Tom Fountain is Chief Technology Officer for Pneuron. He was previously CIO at global agribusiness Bunge, Ltd. He's held senior CIO roles at Honeywell and GE as well as product management, intelligence officer, and engineering positions with Dell, the Central Intelligence Agency, HP, and Martin-Marietta. He holds a degree in electrical engineering from Massachusetts Institute of Technology, an MS degree from Duke, and an MBA from Duke's Fuqua School of Business. Jeff Vail is Chief Operating Officer for business consultancy WGroup. Prior to WGroup, he was Chief Commercial Officer of Quintiq, a supply chain and planning software company, acquired by Dassault Systemes. Before that, he was SVP of Global Corporate Marketing at Unify (formerly Siemens Enterprise Communications), VP of Enterprise Marketing at SAP Americas, and General Manager of Infrastructure Solutions at Unisys. Jeff holds a bachelor's degree in business administration from Stetson University. What: Webcast: "Better Insight. Automated Action. Despite Technical Debt" When: Thursday, December 1, 2016, 3:00pm-4:00pm ET Where: http://pages.pneuron.com/better-insight-automated-action-despite-technical-debt.html About WGroup Founded in 2004, WGroup is a technology management consulting firm that provides Strategy, Management and Execution Services to optimize business performance, minimize cost and create value. Our consultants have years of experience both as industry executives and trusted advisors to help clients think through complicated and pressing challenges to drive their business forward. Visit us at www.thinkwgroup.com or give us a call at (610) 854-2700 to learn how we can help you. About Pneuron Founded in 2010, Pneuron's proprietary business orchestration software enables organizations to run distributed 'pneurons' that leverage their existing applications, infrastructure, services and data to create and deliver actionable intelligence -- in half the time and cost. Through Pneuron's innovative, distributed approach, companies are no longer faced with the complex centralization and integration requirements of traditional approaches. Pneuron and its patented groundbreaking technology have garnered numerous awards and recognitions including: MIT Sloan School CIO Enterprise Innovator Award, 2015 Gartner Cool Vendor, CRN's 2015 Emerging Vendors designation and SD Times Company to Watch. For more information, visit us online at: pneuron.com, on Twitter or LinkedIn.


DUBAI, United Arab Emirates--(BUSINESS WIRE)--Quintiq, a Dassault Systèmes brand and global leader in supply chain planning and optimization (SCP&O), has been selected by Dubai Airports to plan and schedule its fixed resources at Dubai International and Dubai World Central. The Quintiq solution will automate the planning process for airport stands, gates, baggage belts and check-in counters to increase overall efficiency, reliability and passenger satisfaction. The solution went live at Dubai International on April 18, with implementation at Dubai World Central to follow soon. Dubai International is the world’s busiest airport for international passengers. It serves 90 airlines flying to more than 240 destinations across six continents; in 2016, it served 83,654,250 passengers. Dubai World Central, slated to be the region’s airport of the future, launched cargo operations in 2010 and passenger flights in 2013. “We aim to deliver a world-class experience to the airlines that use our airports and the passengers that they carry,” said Frank McCrorie, SVP Operations at Dubai Airports. “Quintiq will enable us to maximize utilization of our current fixed resources and prepare for future expansions.” Quintiq enables automated planning of all of Dubai International’s fixed resources. From its 260 airport stands to 143 gates, 561 check-in counters to 28 baggage belts, airport planners will have full visibility of resource allocation. They adapt this allocation to fit specific airline preferences and further streamline passenger flow. Improved passenger flow means that the two airports can now handle increasing traffic without sacrificing passenger experience. A positive experience ensures that passengers and airlines continue to choose the airports for their needs within the region, resulting in increased revenue for the company. Quintiq was the clear choice, according to Abdul Razzak Mikati, Managing Director at Dubai Airports’ implementation partner, DTP. He said: “The cost of investing in new infrastructure can be prohibitively high. The customer needed a future-ready, industry-proven solution to efficiently manage the capacity of its current airport resources. With Quintiq, the need for manual planning has been eliminated, resulting in enhanced flexibility and agility of operations.” Abdul Razzak added that the Quintiq solution is also able to handle calculations for 40 flights per second and take advantage of information from multiple sources to improve its automation process. These capabilities are crucial as Dubai International saw a 7.4% increase in traffic in the first quarter of this year, while passenger traffic went up 29.5% at Dubai World Central in the same period. These upward trends are expected to continue. According to Maarten Hendriks, Business Unit Director of Transportation at Quintiq: “This planning puzzle gives us the opportunity to showcase Quintiq’s capabilities in the aviation sector. With 1,100 flights each day, optimal efficiency is crucial in maintaining high levels of customer satisfaction. Quintiq’s automated planning capabilities will drive the customer’s commitment to guaranteeing a world-class passenger experience.” Rob van Egmond, Quintiq CEO, commented: “Dubai Airports’ trust in us is a testament to Quintiq’s excellent track record in aviation. We will support it in maintaining its industry-leading standards and we are confident that this partnership will be the first of many in this region.” Dubai Airports delivers a world-class experience to its customers by providing safe, secure and environmentally responsible airports. Working in partnership with airlines and stakeholders to drive the growth of Dubai, its vision is to always go further and be the world’s leading airport company. Established as a commercial entity in April 2007, Dubai Airports owns and manages the operation of both of Dubai’s airports – Dubai International (DXB), the world’s number one airport for international passengers and third for international freight, and Dubai World Central (DWC). Established in 2004 in Dubai, DTP is a system integrator with a broad portfolio of solutions and services designed to support the aviation industry across the GCC region. We offer our clients cutting edge technology, including airport operation monitoring and forecasting solutions, cloud-based multi-airport management system, Airlines Hub Management, Special Airport Systems such as Airport Operational Database (AODB), Flight Information Display System (FIDS), Resource Management System (RMS), and Business Intelligence and Predictive Analysis solutions. In addition, DTP has partnered with leading technology companies, such as Quintiq, SAP, IBM, and XOVIS to deliver outstanding services, as well as with major aviation solution providers. Every business has its supply chain planning puzzles. Some of those puzzles are large, some are complex and some seem impossible to solve. Since 1997, Quintiq has been solving each of those puzzles using a single supply chain planning and optimization software. Today, approximately 12,000 users in over 80 countries rely on Quintiq software to plan and optimize workforces, logistics and production. Quintiq is part of Dassault Systèmes (Euronext Paris: #13065, DSY.PA) and has headquarters in the Netherlands and the USA, and offices around the world. For more information, visit quintiq.com or follow Quintiq on Twitter, Facebook, LinkedIn and YouTube.


PARIS--(BUSINESS WIRE)--Die Hager Gruppe wählt Quintiq zur Unterstützung des Sales & Operations Planning Prozesses und zur Verringerung des Lagerbestandes von Roherzeugnissen und Endprodukten.


News Article | October 22, 2015
Site: www.businesswire.com

Dassault Systèmes (Euronext Paris: #13065, DSY.PA), the 3DEXPERIENCE Company, world leader in 3D design software, 3D Digital Mock Up and Product Lifecycle Management (PLM) solutions, today announced IFRS unaudited financial results for the third quarter and nine months ended September 30, 2015. These results were reviewed by the Company’s Board of Directors on October 21, 2015. “3DEXPERIENCE and our industry solution experiences are triggering new levels of engagements with our clients, partnering together to help them innovate, improve and transform their businesses,” commented Bernard Charlès, Dassault Systèmes President and Chief Executive Officer. “Deployments are making a significant difference for our clients, reducing program development cycle times by more than 50% in some instances, or optimizing product costs or product reliability in a very meaningful manner, for example with DELMIA. In the broad context of digital manufacturing, we are providing strong support to our clients, helping them to leverage top-line opportunities as well as bottom-line improvement. “We are investing in quite a few of our brands, notably ENOVIA, centered on improving our customers’ businesses and, in turn, creating a broader platform for growth for Dassault Systèmes. We believe such opportunities are building a long runway for revenue expansion in the years to come. Importantly, they are delivering an improved dynamic for us today and enable us to confirm our financial objectives.” Cash Flow and Other Financial Highlights Net operating cash flow was €113 million and €530 million for the three and nine months ended September 30, 2015, respectively, compared to €90.1 and €444.7 million for the 2014 comparable periods. Year-to-date 2015 changes in working capital include the payment of €60 million in connection with ongoing tax proceedings. For the first nine months of 2015, the Company uses of cash were principally for cash dividends of €98.5 million, capital expenditures of €30.8 million, share repurchases of €28.0 million and payment for acquisitions of €18.1 million. The Company received cash for stock options exercised of €25.0 million. At September 30, 2015, the Company’s net financial position totaled €1.23 billion, compared to €825.5 million at December 31, 2014, reflecting an increase in cash, cash equivalents and short-term investments to €1.58 billion, compared to €1.18 billion at December 31, 2014, with long-term debt unchanged at €350.0 million. In October 2015, the Company entered into a new five year €650 million credit facility which was fully drawn down. On October 1, 2015 Dassault Systèmes unveiled SOLIDWORKS 2016, the latest release, delivering new and enhanced capabilities that will help its 2.7 million users quickly and easily innovate, design, validate, collaborate and build, from initial concept to final product. For Design, users can work smarter and get the CAD system out of the way with fewer “picks and clicks”, increased modeling flexibility, a more intuitive interface, and easier access to commands; for Collaboration, users can communicate, collaborate, and work concurrently across teams, disciplines, customers, and vendors with mechatronic design, concurrent design, and streamlined electrical/mechanical design; for Validation, innovative design simulation makes analysis more efficient to solve complex problems, visualize and verify functionality, and find potential errors before they occur; and for Manufacturing, users are now able to create more detailed outputs for manufacturing and shorten product development to manufacture while saving time and reducing errors. On September 14, 2015 the Company announced that India’s second largest manufacturer of Trucks and Buses, Ashok Leyland, has adopted two Dassault Systèmes Industry Solution Experiences: “Modular, Glocal and Secure” and “Target Zero Defect”. As part of its customer-centric activities, Ashok Leyland looked to enhance quality control and accelerate the delivery of its trucks and buses. In addition, the company wanted an efficient cost management solution that would address the complexity of its product portfolio as it tailors a diverse range of products to meet shifting market requirements. On July 23, 2015 the Company announced that Elixir Aircraft, a French aviation startup, selected Dassault Systèmes’ 3DEXPERIENCE platform for the industry’s first airplane designed using cloud-based applications. Elixir Aircraft will rely on Dassault Systèmes’ “Engineered to Fly” industry solution experience for the cloud-based design and engineering of its high-performing two-seater airplane, crafted to appeal to the passenger experience with a unique wing structure, comfort and gains in payload, safety and costs. On July 23, 2015 the Company announced that LF Corp, a leading fashion and lifestyle company in Asia, has selected the “My Collection” industry solution experience to streamline the planning, designing and sourcing of its collections. LF Corp is now supporting its international growth initiatives using powerful collaborative and analytical capabilities in a single digital environment. Based on the 3DEXPERIENCE platform, Dassault Systèmes’ “My Collection” industry solution experience provides LF Corp with unified development, sourcing and design capabilities, to simplify workflows and decision-making and minimize risks throughout its collections’ lifecycles. On July 27, 2015, the Company filed its 2015 Half-Year Financial Report with the French Autorité des marchés financiers. On September 4, 2015, an Extraordinary Shareholders’ meeting was held. At the meeting shareholders’ ratified all the resolutions presented. Thibault de Tersant, Senior Executive Vice President, CFO, commented, “Our third quarter financial results were well aligned with our guidance. Thanks to broad-based growth in Europe and the Americas, we were able to absorb the short-term market volatility in Asia as well as high year-ago comparisons in that region. “Based upon our progress year-to-date, we confirm our two key 2015 financial goals - double-digits organic new licenses revenue growth in constant currencies and an organic improvement in our non-IFRS operating margin of 100 basis points. Year-to-date organic new licenses revenue increased 11% exclusive of any currency benefits and on an organic basis we have improved our operating margin by 80 basis points. “Turning to our outlook, thanks to our pipeline of opportunities with clients we see a strong finish to the year with a fourth quarter embedding organic double-digit new licenses revenue growth in constant currencies. We therefore reaffirm our 2015 financial objectives and upgrade them for currency upside from Q3 and the reversal of tax reserves. As a result, we now target a non-IFRS EPS objective of about €2.20, increasing 21% in comparison to last year.” The Company’s fourth quarter and full year 2015 financial objectives are as follows: The Company’s objectives are prepared and communicated only on a non-IFRS basis and are subject to the cautionary statement set forth below. The 2015 non-IFRS objectives set forth above do not take into account the following accounting elements and are estimated based upon the 2015 currency exchange rates above: deferred revenue write-downs estimated at approximately €37 million, share-based compensation expense, estimated at approximately €35 million and amortization of acquired intangibles estimated at approximately €160 million. The above objectives do not include any impact from other operating income and expense, net principally comprised of acquisition, integration and restructuring expenses. Finally, these estimates do not include any new stock option or share grants, or any new acquisitions or restructurings completed after October 22, 2015. Today, Thursday, October 22, 2015, Dassault Systèmes will first host a meeting in London, which will be simultaneously webcasted at 8:30 AM London time/9:30 AM Paris time and will then also host a conference call at 9:00 AM New York time/ 2:00 PM London time/3:00 PM Paris time. The webcasted meeting and conference call will be available via the Internet by accessing http://www.3ds.com/investors/. Please go to the website at least 15 minutes prior to the webcast or conference call to register, download and install any necessary audio software. The webcast and conference call will be archived for 1 year. Additional investor information can be accessed at http://www.3ds.com/investors/ or by calling Dassault Systèmes’ Investor Relations at 33.1.61.62.69.24. Statements herein that are not historical facts but express expectations or objectives for the future, including but not limited to statements regarding the Company’s non-IFRS financial performance objectives, are forward-looking statements. Such forward-looking statements are based on Dassault Systèmes management's current views and assumptions and involve known and unknown risks and uncertainties. Actual results or performances may differ materially from those in such statements due to a range of factors. The Company’s current outlook for 2015 takes into consideration, among other things, an uncertain global economic environment. In light of the continuing uncertainties regarding economic, business, social and geopolitical conditions at the global level, the Company’s revenue, net earnings and cash flows may grow more slowly, whether on an annual or quarterly basis. While the Company makes every effort to take into consideration this uncertain macroeconomic outlook, the Company’s business results, however, may not develop as anticipated. Furthermore, due to factors affecting sales of the Company’s products and services as described above, there may be a substantial time lag between an improvement in global economic and business conditions and an upswing in the Company’s business results. In preparing such forward-looking statements, the Company has in particular assumed an average US dollar to euro exchange rate of US$1.15 per €1.00 for the 2015 fourth quarter and US$1.12 per €1.00 for the full year as well as an average Japanese yen to euro exchange rate of JPY135.0 to €1.00 for the fourth quarter and JPY134.8 to €1.00 for the full year; however, currency values fluctuate, and the Company’s results of operations may be significantly affected by changes in exchange rates. The Company’s actual results or performance may also be materially negatively affected by numerous risks and uncertainties, as described in the “Risk Factors” section of the 2014 Document de Référence, filed with the AMF on March 24, 2015, and also available on the Company’s website www.3ds.com. Readers are cautioned that the supplemental non-IFRS financial information presented in this press release is subject to inherent limitations. It is not based on any comprehensive set of accounting rules or principles and should not be considered as a substitute for IFRS measurements. Also, the Company’s supplemental non-IFRS financial information may not be comparable to similarly titled non-IFRS measures used by other companies. Further specific limitations for individual non-IFRS measures, and the reasons for presenting non-IFRS financial information, are set forth in the Company’s annual report for the year ended December 31, 2014 included in the Company’s 2014 Document de Référence filed with the AMF on March 24, 2015. In the tables accompanying this press release the Company sets forth its supplemental non-IFRS figures for revenue, operating income, operating margin, net income and diluted earnings per share, which exclude the effect of adjusting the carrying value of acquired companies’ deferred revenue, share-based compensation expense and related social charges, the amortization of acquired intangible assets, other operating income and expense, net, certain one-time items included in financial revenue and other, net, and the income tax effect of the non-IFRS adjustments and certain one-time tax effects. The tables also set forth the most comparable IFRS financial measure and reconciliations of this information with non-IFRS information. When the Company believes it would be helpful for understanding trends in its business, the Company provides percentage increases or decreases in its revenue (in both IFRS as well as non-IFRS) to eliminate the effect of changes in currency values, particularly the U.S. dollar and the Japanese yen, relative to the euro. When trend information is expressed herein "in constant currencies", the results of the "prior" period have first been recalculated using the average exchange rates of the comparable period in the current year, and then compared with the results of the comparable period in the current year. Dassault Systèmes, the 3DEXPERIENCE Company, provides business and people with virtual universes to imagine sustainable innovations. Its world-leading solutions transform the way products are designed, produced, and supported. Dassault Systèmes’ collaborative solutions foster social innovation, expanding possibilities for the virtual world to improve the real world. The group brings value to over 190,000 customers of all sizes, in all industries, in more than 140 countries. For more information, visit www.3ds.com. CATIA, SOLIDWORKS, ENOVIA, DELMIA, SIMULIA, GEOVIA, EXALEAD, 3D VIA, 3DSWYM, BIOVIA, NETVIBES, 3DEXCITE are registered trademarks of Dassault Systèmes or its subsidiaries in the US and/or other countries. Non-IFRS key figures exclude the effects of adjusting the carrying value of acquired companies’ deferred revenue, share-based compensation expense and related social charges, amortization of acquired intangible assets, other operating income and expense, net, certain one-time financial revenue items and the income tax effects of these non-IFRS adjustments and certain one-time tax effects. Comparable IFRS financial information and a reconciliation of the IFRS and non-IFRS measures are set forth in the separate tables within this Attachment. IFRS revenue variation as reported and in constant currencies *Variation compared to the same period in the prior year. * The consolidated balance sheet as of December 31, 2014 has been restated to reflect the finalized purchase price allocation for prior year business combinations. Readers are cautioned that the supplemental non-IFRS information presented in this press release is subject to inherent limitations. It is not based on any comprehensive set of accounting rules or principles and should not be considered as a substitute for IFRS measurements. Also, the Company’s supplemental non-IFRS financial information may not be comparable to similarly titled non-IFRS measures used by other companies. Further specific limitations for individual non-IFRS measures, and the reasons for presenting non-IFRS financial information, are set forth in the Company’s Document de référence for the year ended December 31, 2014 filed with the AMF on March 24, 2015. To compensate for these limitations, the supplemental non-IFRS financial information should be read not in isolation, but only in conjunction with the Company’s consolidated financial statements prepared in accordance with IFRS. (1)In the reconciliation schedule above, (i) all adjustments to IFRS revenue data reflect the exclusion of the deferred revenue adjustment of acquired companies; (ii) adjustments to IFRS operating expense data reflect the exclusion of the amortization of acquired intangibles, share-based compensation expense and related social charges, and other operating income and expense, (iii) adjustments to IFRS financial revenue and other, net reflect the exclusion of certain one-time items included in financial revenue and other, net, and (iv) all adjustments to IFRS income data reflect the combined effect of these adjustments, plus with respect to net income and diluted net income per share, the income tax effect of the non-IFRS adjustments and certain one-time tax effects. (2) The non-IFRS percentage increase (decrease) compares non-IFRS measures for the two different periods. In the event there is non-IFRS adjustment to the relevant measure for only one of the periods under comparison, the non-IFRS increase (decrease) compares the non-IFRS measure to the relevant IFRS measure. (3) Based on a weighted average 256.5 million diluted shares for Q3 2015 and 255.5 million diluted shares for Q3 2014. Readers are cautioned that the supplemental non-IFRS information presented in this press release is subject to inherent limitations. It is not based on any comprehensive set of accounting rules or principles and should not be considered as a substitute for IFRS measurements. Also, the Company’s supplemental non-IFRS financial information may not be comparable to similarly titled non-IFRS measures used by other companies. Further specific limitations for individual non-IFRS measures, and the reasons for presenting non-IFRS financial information, are set forth in the Company’s Document de référence for the year ended December 31, 2014 filed with the AMF on March 24, 2015. To compensate for these limitations, the supplemental non-IFRS financial information should be read not in isolation, but only in conjunction with the Company’s consolidated financial statements prepared in accordance with IFRS. (1)In the reconciliation schedule above, (i) all adjustments to IFRS revenue data reflect the exclusion of the deferred revenue adjustment of acquired companies; (ii) adjustments to IFRS operating expense data reflect the exclusion of the amortization of acquired intangibles, share-based compensation expense and related social charges, and other operating income and expense, (iii) adjustments to IFRS financial revenue and other, net reflect the exclusion of certain one-time items included in financial revenue and other, net, and (iv) all adjustments to IFRS income data reflect the combined effect of these adjustments, plus with respect to net income and diluted net income per share, the income tax effect of the non-IFRS adjustments and certain one-time tax effects. (2) The non-IFRS percentage increase (decrease) compares non-IFRS measures for the two different periods. In the event there is non-IFRS adjustment to the relevant measure for only one of the periods under comparison, the non-IFRS increase (decrease) compares the non-IFRS measure to the relevant IFRS measure. (3) Based on a weighted average 256.4 million diluted shares for YTD 2015 and 255.2 million diluted shares for YTD 2014.


News Article | October 22, 2015
Site: www.businesswire.com

Dassault Systèmes (Euronext Paris: #13065, DSY.PA), the 3DEXPERIENCE Company, world leader in 3D design software, 3D Digital Mock Up and Product Lifecycle Management (PLM) solutions, today announced IFRS unaudited financial results for the third quarter and nine months ended September 30, 2015. These results were reviewed by the Company’s Board of Directors on October 21, 2015. “3DEXPERIENCE and our industry solution experiences are triggering new levels of engagements with our clients, partnering together to help them innovate, improve and transform their businesses,” commented Bernard Charlès, Dassault Systèmes President and Chief Executive Officer. “Deployments are making a significant difference for our clients, reducing program development cycle times by more than 50% in some instances, or optimizing product costs or product reliability in a very meaningful manner, for example with DELMIA. In the broad context of digital manufacturing, we are providing strong support to our clients, helping them to leverage top-line opportunities as well as bottom-line improvement. “We are investing in quite a few of our brands, notably ENOVIA, centered on improving our customers’ businesses and, in turn, creating a broader platform for growth for Dassault Systèmes. We believe such opportunities are building a long runway for revenue expansion in the years to come. Importantly, they are delivering an improved dynamic for us today and enable us to confirm our financial objectives.” Cash Flow and Other Financial Highlights Net operating cash flow was €113 million and €530 million for the three and nine months ended September 30, 2015, respectively, compared to €90.1 and €444.7 million for the 2014 comparable periods. Year-to-date 2015 changes in working capital include the payment of €60 million in connection with ongoing tax proceedings. For the first nine months of 2015, the Company uses of cash were principally for cash dividends of €98.5 million, capital expenditures of €30.8 million, share repurchases of €28.0 million and payment for acquisitions of €18.1 million. The Company received cash for stock options exercised of €25.0 million. At September 30, 2015, the Company’s net financial position totaled €1.23 billion, compared to €825.5 million at December 31, 2014, reflecting an increase in cash, cash equivalents and short-term investments to €1.58 billion, compared to €1.18 billion at December 31, 2014, with long-term debt unchanged at €350.0 million. In October 2015, the Company entered into a new five year €650 million credit facility which was fully drawn down. On October 1, 2015 Dassault Systèmes unveiled SOLIDWORKS 2016, the latest release, delivering new and enhanced capabilities that will help its 2.7 million users quickly and easily innovate, design, validate, collaborate and build, from initial concept to final product. For Design, users can work smarter and get the CAD system out of the way with fewer “picks and clicks”, increased modeling flexibility, a more intuitive interface, and easier access to commands; for Collaboration, users can communicate, collaborate, and work concurrently across teams, disciplines, customers, and vendors with mechatronic design, concurrent design, and streamlined electrical/mechanical design; for Validation, innovative design simulation makes analysis more efficient to solve complex problems, visualize and verify functionality, and find potential errors before they occur; and for Manufacturing, users are now able to create more detailed outputs for manufacturing and shorten product development to manufacture while saving time and reducing errors. On September 14, 2015 the Company announced that India’s second largest manufacturer of Trucks and Buses, Ashok Leyland, has adopted two Dassault Systèmes Industry Solution Experiences: “Modular, Glocal and Secure” and “Target Zero Defect”. As part of its customer-centric activities, Ashok Leyland looked to enhance quality control and accelerate the delivery of its trucks and buses. In addition, the company wanted an efficient cost management solution that would address the complexity of its product portfolio as it tailors a diverse range of products to meet shifting market requirements. On July 23, 2015 the Company announced that Elixir Aircraft, a French aviation startup, selected Dassault Systèmes’ 3DEXPERIENCE platform for the industry’s first airplane designed using cloud-based applications. Elixir Aircraft will rely on Dassault Systèmes’ “Engineered to Fly” industry solution experience for the cloud-based design and engineering of its high-performing two-seater airplane, crafted to appeal to the passenger experience with a unique wing structure, comfort and gains in payload, safety and costs. On July 23, 2015 the Company announced that LF Corp, a leading fashion and lifestyle company in Asia, has selected the “My Collection” industry solution experience to streamline the planning, designing and sourcing of its collections. LF Corp is now supporting its international growth initiatives using powerful collaborative and analytical capabilities in a single digital environment. Based on the 3DEXPERIENCE platform, Dassault Systèmes’ “My Collection” industry solution experience provides LF Corp with unified development, sourcing and design capabilities, to simplify workflows and decision-making and minimize risks throughout its collections’ lifecycles. On July 27, 2015, the Company filed its 2015 Half-Year Financial Report with the French Autorité des marchés financiers. On September 4, 2015, an Extraordinary Shareholders’ meeting was held. At the meeting shareholders’ ratified all the resolutions presented. Thibault de Tersant, Senior Executive Vice President, CFO, commented, “Our third quarter financial results were well aligned with our guidance. Thanks to broad-based growth in Europe and the Americas, we were able to absorb the short-term market volatility in Asia as well as high year-ago comparisons in that region. “Based upon our progress year-to-date, we confirm our two key 2015 financial goals - double-digits organic new licenses revenue growth in constant currencies and an organic improvement in our non-IFRS operating margin of 100 basis points. Year-to-date organic new licenses revenue increased 11% exclusive of any currency benefits and on an organic basis we have improved our operating margin by 80 basis points. “Turning to our outlook, thanks to our pipeline of opportunities with clients we see a strong finish to the year with a fourth quarter embedding organic double-digit new licenses revenue growth in constant currencies. We therefore reaffirm our 2015 financial objectives and upgrade them for currency upside from Q3 and the reversal of tax reserves. As a result, we now target a non-IFRS EPS objective of about €2.20, increasing 21% in comparison to last year.” The Company’s fourth quarter and full year 2015 financial objectives are as follows: The Company’s objectives are prepared and communicated only on a non-IFRS basis and are subject to the cautionary statement set forth below. The 2015 non-IFRS objectives set forth above do not take into account the following accounting elements and are estimated based upon the 2015 currency exchange rates above: deferred revenue write-downs estimated at approximately €37 million, share-based compensation expense, estimated at approximately €35 million and amortization of acquired intangibles estimated at approximately €160 million. The above objectives do not include any impact from other operating income and expense, net principally comprised of acquisition, integration and restructuring expenses. Finally, these estimates do not include any new stock option or share grants, or any new acquisitions or restructurings completed after October 22, 2015. Today, Thursday, October 22, 2015, Dassault Systèmes will first host a meeting in London, which will be simultaneously webcasted at 8:30 AM London time/9:30 AM Paris time and will then also host a conference call at 9:00 AM New York time/ 2:00 PM London time/3:00 PM Paris time. The webcasted meeting and conference call will be available via the Internet by accessing http://www.3ds.com/investors/. Please go to the website at least 15 minutes prior to the webcast or conference call to register, download and install any necessary audio software. The webcast and conference call will be archived for 1 year. Additional investor information can be accessed at http://www.3ds.com/investors/ or by calling Dassault Systèmes’ Investor Relations at 33.1.61.62.69.24. Statements herein that are not historical facts but express expectations or objectives for the future, including but not limited to statements regarding the Company’s non-IFRS financial performance objectives, are forward-looking statements. Such forward-looking statements are based on Dassault Systèmes management's current views and assumptions and involve known and unknown risks and uncertainties. Actual results or performances may differ materially from those in such statements due to a range of factors. The Company’s current outlook for 2015 takes into consideration, among other things, an uncertain global economic environment. In light of the continuing uncertainties regarding economic, business, social and geopolitical conditions at the global level, the Company’s revenue, net earnings and cash flows may grow more slowly, whether on an annual or quarterly basis. While the Company makes every effort to take into consideration this uncertain macroeconomic outlook, the Company’s business results, however, may not develop as anticipated. Furthermore, due to factors affecting sales of the Company’s products and services as described above, there may be a substantial time lag between an improvement in global economic and business conditions and an upswing in the Company’s business results. In preparing such forward-looking statements, the Company has in particular assumed an average US dollar to euro exchange rate of US$1.15 per €1.00 for the 2015 fourth quarter and US$1.12 per €1.00 for the full year as well as an average Japanese yen to euro exchange rate of JPY135.0 to €1.00 for the fourth quarter and JPY134.8 to €1.00 for the full year; however, currency values fluctuate, and the Company’s results of operations may be significantly affected by changes in exchange rates. The Company’s actual results or performance may also be materially negatively affected by numerous risks and uncertainties, as described in the “Risk Factors” section of the 2014 Document de Référence, filed with the AMF on March 24, 2015, and also available on the Company’s website www.3ds.com. Readers are cautioned that the supplemental non-IFRS financial information presented in this press release is subject to inherent limitations. It is not based on any comprehensive set of accounting rules or principles and should not be considered as a substitute for IFRS measurements. Also, the Company’s supplemental non-IFRS financial information may not be comparable to similarly titled non-IFRS measures used by other companies. Further specific limitations for individual non-IFRS measures, and the reasons for presenting non-IFRS financial information, are set forth in the Company’s annual report for the year ended December 31, 2014 included in the Company’s 2014 Document de Référence filed with the AMF on March 24, 2015. In the tables accompanying this press release the Company sets forth its supplemental non-IFRS figures for revenue, operating income, operating margin, net income and diluted earnings per share, which exclude the effect of adjusting the carrying value of acquired companies’ deferred revenue, share-based compensation expense and related social charges, the amortization of acquired intangible assets, other operating income and expense, net, certain one-time items included in financial revenue and other, net, and the income tax effect of the non-IFRS adjustments and certain one-time tax effects. The tables also set forth the most comparable IFRS financial measure and reconciliations of this information with non-IFRS information. When the Company believes it would be helpful for understanding trends in its business, the Company provides percentage increases or decreases in its revenue (in both IFRS as well as non-IFRS) to eliminate the effect of changes in currency values, particularly the U.S. dollar and the Japanese yen, relative to the euro. When trend information is expressed herein "in constant currencies", the results of the "prior" period have first been recalculated using the average exchange rates of the comparable period in the current year, and then compared with the results of the comparable period in the current year. Dassault Systèmes, the 3DEXPERIENCE Company, provides business and people with virtual universes to imagine sustainable innovations. Its world-leading solutions transform the way products are designed, produced, and supported. Dassault Systèmes’ collaborative solutions foster social innovation, expanding possibilities for the virtual world to improve the real world. The group brings value to over 190,000 customers of all sizes, in all industries, in more than 140 countries. For more information, visit www.3ds.com. CATIA, SOLIDWORKS, ENOVIA, DELMIA, SIMULIA, GEOVIA, EXALEAD, 3D VIA, 3DSWYM, BIOVIA, NETVIBES, 3DEXCITE are registered trademarks of Dassault Systèmes or its subsidiaries in the US and/or other countries. Non-IFRS key figures exclude the effects of adjusting the carrying value of acquired companies’ deferred revenue, share-based compensation expense and related social charges, amortization of acquired intangible assets, other operating income and expense, net, certain one-time financial revenue items and the income tax effects of these non-IFRS adjustments and certain one-time tax effects. Comparable IFRS financial information and a reconciliation of the IFRS and non-IFRS measures are set forth in the separate tables within this Attachment. IFRS revenue variation as reported and in constant currencies *Variation compared to the same period in the prior year. * The consolidated balance sheet as of December 31, 2014 has been restated to reflect the finalized purchase price allocation for prior year business combinations. Readers are cautioned that the supplemental non-IFRS information presented in this press release is subject to inherent limitations. It is not based on any comprehensive set of accounting rules or principles and should not be considered as a substitute for IFRS measurements. Also, the Company’s supplemental non-IFRS financial information may not be comparable to similarly titled non-IFRS measures used by other companies. Further specific limitations for individual non-IFRS measures, and the reasons for presenting non-IFRS financial information, are set forth in the Company’s Document de référence for the year ended December 31, 2014 filed with the AMF on March 24, 2015. To compensate for these limitations, the supplemental non-IFRS financial information should be read not in isolation, but only in conjunction with the Company’s consolidated financial statements prepared in accordance with IFRS. (1)In the reconciliation schedule above, (i) all adjustments to IFRS revenue data reflect the exclusion of the deferred revenue adjustment of acquired companies; (ii) adjustments to IFRS operating expense data reflect the exclusion of the amortization of acquired intangibles, share-based compensation expense and related social charges, and other operating income and expense, (iii) adjustments to IFRS financial revenue and other, net reflect the exclusion of certain one-time items included in financial revenue and other, net, and (iv) all adjustments to IFRS income data reflect the combined effect of these adjustments, plus with respect to net income and diluted net income per share, the income tax effect of the non-IFRS adjustments and certain one-time tax effects. (2) The non-IFRS percentage increase (decrease) compares non-IFRS measures for the two different periods. In the event there is non-IFRS adjustment to the relevant measure for only one of the periods under comparison, the non-IFRS increase (decrease) compares the non-IFRS measure to the relevant IFRS measure. (3) Based on a weighted average 256.5 million diluted shares for Q3 2015 and 255.5 million diluted shares for Q3 2014. Readers are cautioned that the supplemental non-IFRS information presented in this press release is subject to inherent limitations. It is not based on any comprehensive set of accounting rules or principles and should not be considered as a substitute for IFRS measurements. Also, the Company’s supplemental non-IFRS financial information may not be comparable to similarly titled non-IFRS measures used by other companies. Further specific limitations for individual non-IFRS measures, and the reasons for presenting non-IFRS financial information, are set forth in the Company’s Document de référence for the year ended December 31, 2014 filed with the AMF on March 24, 2015. To compensate for these limitations, the supplemental non-IFRS financial information should be read not in isolation, but only in conjunction with the Company’s consolidated financial statements prepared in accordance with IFRS. (1)In the reconciliation schedule above, (i) all adjustments to IFRS revenue data reflect the exclusion of the deferred revenue adjustment of acquired companies; (ii) adjustments to IFRS operating expense data reflect the exclusion of the amortization of acquired intangibles, share-based compensation expense and related social charges, and other operating income and expense, (iii) adjustments to IFRS financial revenue and other, net reflect the exclusion of certain one-time items included in financial revenue and other, net, and (iv) all adjustments to IFRS income data reflect the combined effect of these adjustments, plus with respect to net income and diluted net income per share, the income tax effect of the non-IFRS adjustments and certain one-time tax effects. (2) The non-IFRS percentage increase (decrease) compares non-IFRS measures for the two different periods. In the event there is non-IFRS adjustment to the relevant measure for only one of the periods under comparison, the non-IFRS increase (decrease) compares the non-IFRS measure to the relevant IFRS measure. (3) Based on a weighted average 256.4 million diluted shares for YTD 2015 and 255.2 million diluted shares for YTD 2014.


News Article | December 16, 2014
Site: www.cnet.com

In 2002, a stroke-like event turned Henry Evans into a quadriplegic, depriving him of almost all ability to move. Eleven years later, a remote-controlled aircraft has given the former Silicon Valley finance officer a new kind of mobility. "I distinctly remember lying in bed, wanting to go outside, when it occurred to me that I didn't need my whole body, just my retinas," Evans recalls. He posted a note online asking for help, and he got it -- in the form of a drone. "I flew around my vineyard, tried to land on a basketball hoop, inspected the solar panels on our roof and came in second in a pole-tagging contest. It was the ultimate exercise of free will." Although most people don't face the limitations Evans does, many of us stand to benefit from drones: lightweight, remote-controlled or self-controlled aircraft that offer an inexpensive eye in the sky. Real estate agents can capture aerial photos of homes for sale, oil companies can easily inspect miles of pipelines, and farmers and ranchers can quickly check fields and livestock without doing a visual survey on foot. For filmmakers and extreme-sports videographers, drones can deliver exciting new perspectives. For ordinary folks, drones can let us see what it's like to be a bird. Sports fans already got a glimpse of that, thanks to drones at this year's World Cup. These possibilities and more explain why consumers and businesses are snapping up drones, even though the US Federal Aviation Administration limits their commercial use. "The consumer space is going to explode," predicts Peter George, vice president of sales and marketing for Paris-based Parrot, the top maker of consumer drones. It has shipped more than 750,000 drones since its first quadcopter in 2010, and George says the company won't be surprised if shipments double annually for the next five years. It expects to sell about 200,000 this year. Drones typically follow a preset flight plan or are operated by a person with a remote control. They range from large, missile-equipped military-airplane-like models to hand-sized toy quadcopters, with four propellers that point up. Hobbyists favor models the size of a pizza box that cost a few hundred dollars. Onboard electronics carefully control propeller speed, letting drones ascend, descend and even perform stunts such as flips. The upcoming Parrot Bebop has a built-in camera; others such as DJI's Phantom or 3D Robotics' Iris can be outfitted with small cameras. Bigger drones can tote SLR cameras or 3D laser scanners. Since the days of film cameras, SkyPan International founder Mark Segal has used a homemade drone to photograph high-rise building sites. He shows prospective investors and buyers exactly what the view from the 30th floor will be. "This has been my life's work," says Segal, who just finished taking panoramic photos of a Honolulu parking lot slated to become a multitower Howard Hughes Corp. development. Businesses hunger for "a camera in the sky covering millions of acres and thousands of construction projects," adds Rich Levandov, a venture capitalist at Avalon Ventures. That's why he invested $10 million in SkyCatch, a startup that uses drones to gather data. Some of SkyCatch's biggest clients are in construction and oil and gas, and they're looking for what Levandov calls "site truth." "They want to see what's going on with progress," Levandov says. "Are supplies showing up? What are the crane locations?" The highest-profile drone idea isn't about remote viewing, however. E-commerce giant Amazon wants to deliver products weighing less than 5 pounds -- the bulk of what it sells today -- with drones that can fly as far as 10 miles from its fulfillment centers. "I know this looks like science fiction," CEO Jeff Bezos told CBS' "60 Minutes" last year after announcing his plans. "It's not." Although Amazon's Prime Air is still years away, many would be thrilled with fewer delivery trucks on the road and more-immediate online-shopping gratification. But the challenges are immense. "This service would be about as commonplace as people taking a private helicopter to work," argues Victor Allis, chief executive of Quintiq, a supply-chain specialist. Even drone fans are skeptical. "I can't see that commercialized," says Parrot's George. "That's at least 20 years away." Even if homeowners build delivery chutes marked with digital barcodes so Amazon can find them, the drones still must navigate trees, people, birds, snow -- and other drones. Amazon's distribution centers are on cheap land, far from city centers and wealthy suburbs. Drones could startle drivers, and their propellers could injure children. "Customers do want rapid delivery for certain items, and this will happen -- but probably on a motorbike," predicts Phil Rooke, a pilot and CEO of e-commerce company Spreadshirt. One startup is even more ambitious than Amazon. Matternet wants to build a vast network of delivery drones, focusing initially on urgent, 5-pound loads to roadless rural areas and congested cities. Using interlinked base stations where drones swap batteries and manage their loads, Matternet claims delivery costs will be just 24 cents for a 6-mile range. In August, Google revealed Project Wing, a delivery service whose drones would hover and spool packages down a line to their destinations, instead of landing. Even so, drone commerce faces a big hurdle today: It's illegal in the US. The FAA permits personal drone use, but generally not business uses. It's given permission only to two pipeline-monitoring projects in the Arctic and six moviemaking companies. "If the FAA were to give approval today to [drones] that are 55 pounds and below in agriculture, moviemaking, and pipeline and power line inspection, there would be thousands operating before the sun sets," says Mark A. Dombroff, who leads drone work at law firm McKenna Long & Aldridge and previously advised the FAA at the US Justice Department. Later this year, the federal aviation administration plans to release draft regulations to marry today's airspace with tomorrow's drones. The final regulations are due in September 2015, but most drone watchers don't expect the FAA to deliver on time. "It's very slow, understaffed and has very under-experienced people who change positions too fast," says SkyPan's Segal. The FAA's staff needs "constant re-education." The agency admits that crafting regulations is difficult, and that's without taking into account the inevitable barrage of contentious public comments from skeptics and advocates. "We're trying to write regulations for a rapidly evolving technology and trying to keep today's extremely high safety level in the most complex, busy airspace in the world," says FAA spokesman Les Dorr. Add to that the general feeling that the FAA is ill-equipped to enforce the regulations it does produce. "They don't have a policeman on every corner," says Ladd Sanger, a lawyer with Slack & Davis who has represented dozens of clients involved in air crashes. The FAA is getting more involved. First, the moviemakers' process offers a template for others seeking permission, and the FAA may expand the approach to other industries, Dombroff says. Second, broader regulations are due in 2015. But drones can empower others too, including law enforcement, the military, students -- and privacy-invading peeping toms, some fear. High school student Chris Shephard posted notes on people's doors in Mansfield, Texas, seeking his drone after it fell during a student film project. When resident Karen Meister saw the note, she feared the worst -- "pervs" peering into her backyard -- and said she'd destroy the drone if she found it. It ended amicably, but it won't always. Even imagery captured with innocent intentions can infringe privacy. Privacy? Safety problems? Should we even bother with drones? Yes, says the quadriplegic who uses them to see -- not just outside his house, but across the country. "Every new technology initially carries questions of whether it will be used for good or for evil," Evans says. "Eventually, use of almost every new technology is properly regulated and allowed. This will happen soon with drones. They enrich too many lives."


Dassault Systèmes (Paris:DSY) (Euronext Paris: #13065, DSY.PA), the 3DEXPERIENCE Company, world leader in 3D design software, 3D Digital Mock Up and Product Lifecycle Management (PLM) solutions, today announced IFRS unaudited financial results for the second quarter and six months ended June 30, 2015. These results were reviewed by the Company’s Board of Directors on July 22, 2015. “Dassault Systèmes’ second quarter and first half financial performance were driven by good customer dynamics for our solutions in a wide range of industries. We also made significant progress in advancing strategic initiatives,” commented Bernard Charlès, Dassault Systèmes President and Chief Executive Officer. “Among these is 3D printing, which represents game-changing possibilities in terms of production business models. Additive manufacturing requires unique software specification-based design capabilities and intimate understanding of new materials, all of them at the core of our Research & Development efforts in the past years, or acquired with BIOVIA. The 3DEXPERIENCE platform makes it possible to industrialize comprehensive additive manufacturing processes. “Addressing Smart Cities, we’re developing ‘Virtual Singapore’, the digital twin experience of the city-state and a world first, based on our 3DEXPERIENCity solutions, in cooperation with the Singapore Prime Minister’s office. Over the course of the last 20 years, Dassault Systèmes has been deploying digital twins for many complex industries, from aerospace to biotech. We’re now applying it to cities, some of the most complex products ever created – in order to improve infrastructure development, risk management or traffic optimization, for example. Large-scale simulations of an entire city showcase what is possible using the 3DEXPERIENCE platform. With ‘Virtual Singapore’ we will have a ‘master model’ to represent, simulate and optimize an urban experience. “And recently for Internet of Experiences, Netvibes, part of our 3DEXPERIENCE platform, with its dashboard intelligence, has introduced a revolutionary innovation of its stand-alone product. Called ‘Dashboard of Things’, it introduces ‘programmable intelligence’, whereby businesses and consumers can very easily program automatic interactions between apps and devices, to provide further value to its 7 million users. This is an example of how Dassault Systèmes gives meaning to the Internet of Things.” Cash Flow and Other Financial Highlights Net operating cash flow was € 151.5 million and €416.8 million for the three and six-months ended June 30, 2015, compared to €172.3 and €354.6 million for the 2014 respective periods. Second quarter 2015 changes in working capital includes the payment of €60 million in connection with ongoing tax proceedings. Excluding this item, operating cash flow would have been increasing 23% compared with the same period of 2014. In the 2015 First Half, the Company uses of cash were principally for cash dividends of €95.6 million, payment for acquisitions of €18.1 million and capital expenditures of €18.0 million. The Company received cash for stock options exercised of €19.5 million. At June 30, 2015, the Company’s net financial position totaled €1.15 billion, compared to €825.5 million at December 31, 2014, reflecting an increase in cash, cash equivalents and short-term investments to €1.50 billion, compared to €1.18 billion at December 31, 2014, with long-term debt unchanged at €350.0 million. On June 16, 2015, Dassault Systèmes announced collaboration with the National Research Foundation (NRF), Prime Minister’s Office, Singapore, to develop Virtual Singapore, a realistic and integrated 3D model. This project builds upon Dassault Systèmes’ 3DEXPERIENCity, powered by the 3DEXPERIENCE platform, to create a dynamic, 3D digital model of Singapore and connect all stakeholders in a secured and controlled environment. Virtual Singapore is a collaborative platform with a rich data environment and visualization techniques that will be used by Singapore’s citizens, businesses, government and research community to develop tools and services that address the emerging and complex challenges Singapore faces. Virtual Singapore was launched in December 2014 as part of Singapore’s Smart Nation drive. On June 18, 2015, Dassault Systèmes and Safran, a leading international high-technology group in aerospace, defense and security, announced that they had entered into a strategic partnership for Additive Manufacturing (known as 3D printing in other industries), with the goal to develop an end-to-end digital continuity for the additive manufacturing of aerospace engine parts. The partnership combines Dassault Systèmes’ 3DEXPERIENCE platform with Safran’s expertise in innovative technologies, for the development of a world-class, end-to-end digital solution for additive manufacturing. The effective use of this manufacturing process in the aviation industry can enhance production times as well as product performance in terms of strength, weight and environmental impact. On June 18, 2015, Dassault Systèmes announced that Hispano-Suiza, a globally-recognized specialist in mechanical power transmission systems for aircraft engines and part of Safran, a leading international high-technology group in aerospace, defense and security, selected the Company’s Co-Design to Target” industry solution experience based on the 3DEXPERIENCE platform to improve the efficiency of its design and engineering programs. ‘Co-Design to Target’ delivers a secure, single source of the truth that facilitates the exchange of data within and between every domain of a company’s aviation design, engineering and manufacturing programs. On June 15, 2015, the Company announced that Airbus Helicopters, the world’s leading manufacturer of civil and military helicopters and a division of Airbus Group, has chosen Dassault Systèmes’ “Build to Operate” industry solution experience for more efficient and profitable manufacturing operations management of its helicopter programs. Airbus Helicopters was seeking a powerful factory planning and shop-floor solution that would reduce its time-to-market and improve operational efficiency. The “Build to Operate” industry solution experience, specifically tailored for the aerospace and defense industry and leveraging the DELMIA Apriso manufacturing portfolio, will enable Airbus Helicopters to monitor, control and validate all aspects of manufacturing operations with digital precision—ranging from replicable processes and production sequences, to the flow of deliverables throughout their supply chain. On May 26, 2015 the Company announced that Myntra, India’s largest online platform for fashion and lifestyle, selected its ‘My Collection for Fashion’ industry solution experience to accelerate its internal and external processes. Dassault Systèmes’ My Collection for Fashion is an ISE which enables teams inside and outside a company to engage more efficiently in social innovation, connected design, seamless collaboration and supply chain coordination. On June 15, 2015, Dassault Systèmes completed the change of the legal status of the Company from that of a French Public Limited Company (Société anonyme) to that of a European Company. The adoption of the status of European Company (Societas Europaea, SE) is reflecting the international dimension of the Company and its growing presence in Europe. On May 28, 2015 at the Annual Shareholders’ Meeting, shareholders approved an annual dividend per share equivalent to €0.43 per share for the fiscal year ended December 31, 2014, representing an increase of approximately 4% compared to the prior year. In addition, shareholders again approved an option to receive payment of the dividend in the form of cash or in new Dassault Systèmes share. The payment of the dividend was completed on June 25, 2015 with the cash payment in the aggregate amount of €95.6 million and the issuance of 185,709 new ordinary shares. Thibault de Tersant, Senior Executive Vice President, CFO, commented, “Our second quarter financial results came in above our expectations, with the upside coming from solid execution of our new direct sales model, strong growth in Asia across the board and improvement in several brands including DELMIA, GEOVIA and EXALEAD. “During the first half we delivered on our objectives for organic double-digits non-IFRS new licenses revenue growth and an increase in our organic non-IFRS operating margin of approximately 100 basis points – both targets excluding any currency benefits. And on top of this we have delivered excellent cash flow growth. “Turning to our 2015 financial objectives, we are increasing our revenue range by about €40 million in total to €2.80 to €2.82 billion and are increasing our 2015 non-IFRS EPS objective to about €2.15, representing growth of about 18%. We are maintaining our target for double-digit organic new licenses revenue growth in constant currencies for the second half, even with a stronger base of comparison.” The Company’s third quarter and full year 2015 financial objectives are as follows: The Company’s objectives are prepared and communicated only on a non-IFRS basis and are subject to the cautionary statement set forth below. The 2015 non-IFRS objectives set forth above do not take into account the following accounting elements and are estimated based upon the 2015 currency exchange rates above: deferred revenue write-downs estimated at approximately €38 million, share-based compensation expense, estimated at approximately €18 million and amortization of acquired intangibles estimated at approximately €155 million. The above objectives do not include any impact from other operating income and expense, net principally comprised of acquisition, integration and restructuring expenses. Finally, these estimates do not include any new stock option or share grants, or any new acquisitions or restructurings completed after July 23, 2015. Today, Thursday, July 23, 2015, Dassault Systèmes will first host a meeting in Paris, which will be simultaneously webcasted at 9:00 AM London time/10:00 AM Paris time and will then also host a conference call at 9:00 AM New York time/ 2:00 PM London time/3:00 PM Paris time. The webcasted meeting and conference call will be available via the Internet by accessing http://www.3ds.com/investors/. Please go to the website at least 15 minutes prior to the webcast or conference call to register, download and install any necessary audio software. The webcast and conference call will be archived for 1 year. Additional investor information can be accessed at http://www.3ds.com/investors/ or by calling Dassault Systèmes’ Investor Relations at 33.1.61.62.69.24. Statements herein that are not historical facts but express expectations or objectives for the future, including but not limited to statements regarding the Company’s non-IFRS financial performance objectives, are forward-looking statements. Such forward-looking statements are based on Dassault Systèmes management's current views and assumptions and involve known and unknown risks and uncertainties. Actual results or performances may differ materially from those in such statements due to a range of factors. The Company’s current outlook for 2015 takes into consideration, among other things, an uncertain global economic environment. In light of the continuing uncertainties regarding economic, business, social and geopolitical conditions at the global level, the Company’s revenue, net earnings and cash flows may grow more slowly, whether on an annual or quarterly basis. While the Company makes every effort to take into consideration this uncertain macroeconomic outlook, the Company’s business results, however, may not develop as anticipated. Furthermore, due to factors affecting sales of the Company’s products and services as described above, there may be a substantial time lag between an improvement in global economic and business conditions and an upswing in the Company’s business results. In preparing such forward-looking statements, the Company has in particular assumed an average US dollar to euro exchange rate of US$1.15 per €1.00 for the 2015 third quarter and US$1.13 per €1.00 for the full year as well as an average Japanese yen to euro exchange rate of JPY135.0 to €1.00 for the third quarter and JPY134.6 to €1.00 for the full year; however, currency values fluctuate, and the Company’s results of operations may be significantly affected by changes in exchange rates. The Company’s actual results or performance may also be materially negatively affected by numerous risks and uncertainties, as described in the “Risk Factors” section of the 2014 Document de Référence, filed with the AMF on March 24, 2015, and also available on the Company’s website www.3ds.com. Readers are cautioned that the supplemental non-IFRS information presented in this press release is subject to inherent limitations. It is not based on any comprehensive set of accounting rules or principles and should not be considered as a substitute for IFRS measurements. Also, the Company’s supplemental non-IFRS financial information may not be comparable to similarly titled non-IFRS measures used by other companies. Further specific limitations for individual non-IFRS measures, and the reasons for presenting non-IFRS financial information, are set forth in the Company’s annual report for the year ended December 31, 2014 included in the Company’s 2014 Document de Référence filed with the AMF on March 24, 2015. In the tables accompanying this press release the Company sets forth its supplemental non-IFRS figures for revenue, operating income, operating margin, net income and diluted earnings per share, which exclude the effect of adjusting the carrying value of acquired companies’ deferred revenue, share-based compensation expense and related social charges, the amortization of acquired intangible assets, other operating income and expense, net, certain one-time items included in financial revenue and other, net, and the income tax effect of the non-IFRS adjustments and certain one-time tax effects. The tables also set forth the most comparable IFRS financial measure and reconciliations of this information with non-IFRS information. When the Company believes it would be helpful for understanding trends in its business, the Company provides percentage increases or decreases in its revenue (in both IFRS as well as non-IFRS) to eliminate the effect of changes in currency values, particularly the U.S. dollar and the Japanese yen, relative to the euro. When trend information is expressed herein "in constant currencies", the results of the "prior" period have first been recalculated using the average exchange rates of the comparable period in the current year, and then compared with the results of the comparable period in the current year. Dassault Systèmes, the 3DEXPERIENCE Company, provides business and people with virtual universes to imagine sustainable innovations. Its world-leading solutions transform the way products are designed, produced, and supported. Dassault Systèmes’ collaborative solutions foster social innovation, expanding possibilities for the virtual world to improve the real world. The group brings value to over 190,000 customers of all sizes, in all industries, in more than 140 countries. For more information, visit www.3ds.com. CATIA, SOLIDWORKS, ENOVIA, DELMIA, SIMULIA, GEOVIA, EXALEAD, 3D VIA, 3DSWYM, BIOVIA, NETVIBES, 3DEXCITE are registered trademarks of Dassault Systèmes or its subsidiaries in the US and/or other countries. DASSAULT SYSTEMES NON-IFRS KEY FIGURES (unaudited; in millions of Euros, except per share data, headcount and exchange rates) Non-IFRS key figures exclude the effects of adjusting the carrying value of acquired companies’ deferred revenue, share-based compensation expense and related social charges, amortization of acquired intangible assets, other operating income and expense, net, certain one-time financial revenue items and the income tax effects of these non-IFRS adjustments and certain one-time tax effects. Comparable IFRS financial information and a reconciliation of the IFRS and non-IFRS measures are set forth in the separate tables within this Attachment. *In constant currencies ** 2014 EPS adjusted to reflect the two-for-one stock split effected on July 17, 2014 * 2014 adjusted to reflect the two-for-one stock split effected on July 17, 2014 *Variation compared to the same period in the prior year. **In constant currencies * The consolidated balance sheet as of December 31, 2014 has been restated to reflect the finalized purchase price allocation for prior year business combinations. DASSAULT SYSTEMES SUPPLEMENTAL NON-IFRS FINANCIAL INFORMATION IFRS – NON-IFRS RECONCILIATION (unaudited; in millions of Euros, except per share data) Readers are cautioned that the supplemental non-IFRS information presented in this press release is subject to inherent limitations. It is not based on any comprehensive set of accounting rules or principles and should not be considered as a substitute for IFRS measurements. Also, the Company’s supplemental non-IFRS financial information may not be comparable to similarly titled non-IFRS measures used by other companies. Further specific limitations for individual non-IFRS measures, and the reasons for presenting non-IFRS financial information, are set forth in the Company’s Document de référence for the year ended December 31, 2014 filed with the AMF on March 24, 2015. To compensate for these limitations, the supplemental non-IFRS financial information should be read not in isolation, but only in conjunction with the Company’s consolidated financial statements prepared in accordance with IFRS. (1) In the reconciliation schedule above, (i) all adjustments to IFRS revenue data reflect the exclusion of the deferred revenue adjustment of acquired companies; (ii) adjustments to IFRS operating expense data reflect the exclusion of the amortization of acquired intangibles, share-based compensation expense and related social charges, and other operating income and expense, (iii) adjustments to IFRS financial revenue and other, net reflect the exclusion of certain one-time items included in financial revenue and other, net, and (iv) all adjustments to IFRS income data reflect the combined effect of these adjustments, plus with respect to net income and diluted net income per share, the income tax effect of the non-IFRS adjustments and certain one-time tax effects. (2) The non-IFRS percentage increase (decrease) compares non-IFRS measures for the two different periods. In the event there is non-IFRS adjustment to the relevant measure for only one of the periods under comparison, the non-IFRS increase (decrease) compares the non-IFRS measure to the relevant IFRS measure. (3) Based on a weighted average 256.1 million diluted shares for Q2 2015 and 254.9 million diluted shares for Q2 2014 adjusted to reflect the two-for-one stock split effected on July 17, 2014. DASSAULT SYSTEMES SUPPLEMENTAL NON-IFRS FINANCIAL INFORMATION IFRS – NON-IFRS RECONCILIATION (unaudited; in millions of Euros, except per share data) Readers are cautioned that the supplemental non-IFRS information presented in this press release is subject to inherent limitations. It is not based on any comprehensive set of accounting rules or principles and should not be considered as a substitute for IFRS measurements. Also, the Company’s supplemental non-IFRS financial information may not be comparable to similarly titled non-IFRS measures used by other companies. Further specific limitations for individual non-IFRS measures, and the reasons for presenting non-IFRS financial information, are set forth in the Company’s Document de référence for the year ended December 31, 2014 filed with the AMF on March 24, 2015. To compensate for these limitations, the supplemental non-IFRS financial information should be read not in isolation, but only in conjunction with the Company’s consolidated financial statements prepared in accordance with IFRS. (1) In the reconciliation schedule above, (i) all adjustments to IFRS revenue data reflect the exclusion of the deferred revenue adjustment of acquired companies; (ii) adjustments to IFRS operating expense data reflect the exclusion of the amortization of acquired intangibles, share-based compensation expense and related social charges, and other operating income and expense, (iii) adjustments to IFRS financial revenue and other, net reflect the exclusion of certain one-time items included in financial revenue and other, net, and (iv) all adjustments to IFRS income data reflect the combined effect of these adjustments, plus with respect to net income and diluted net income per share, the income tax effect of the non-IFRS adjustments and certain one-time tax effects. (2) The non-IFRS percentage increase (decrease) compares non-IFRS measures for the two different periods. In the event there is non-IFRS adjustment to the relevant measure for only one of the periods under comparison, the non-IFRS increase (decrease) compares the non-IFRS measure to the relevant IFRS measure. (3) Based on a weighted average 255.9 million diluted shares for H1 2015 and 255.0 million diluted shares for H1 2014 adjusted to reflect the two-for-one stock split effected on July 17, 2014.


News Article | April 23, 2015
Site: www.businesswire.com

Dassault Systèmes (Paris:DSY) (Euronext Paris: #13065, DSY.PA), the 3DEXPERIENCE Company, world leader in 3D design software, 3D Digital Mock Up and Product Lifecycle Management (PLM) solutions, today announced IFRS unaudited financial results for the three months ended March 31, 2015. These results were reviewed by the Company’s Board of Directors on April 22, 2015. “It is becoming clearer that our clients’ priority is to provide successful consumer experiences, thus creating significant challenges to adopt open innovation platforms that extend collaboration, modeling and simulation to a new level. This is exactly what our 3DEXPERIENCE platform and Industry Solution Experiences are delivering,” commented Bernard Charlès, Dassault Systèmes President and Chief Executive Officer. “Life Science is a perfect illustration of it, and why a comprehensive approach can be incredibly valuable. Our brand BIOVIA, integrating our BioIntelligence project and the Accelrys acquisition, leveraging the recent 2015X release of the 3DEXPERIENCE platform, is a true game-changer, powering all types of applications as well as simplifying enterprise integration and transformation. “More broadly, products as well as processes are becoming more complex. Products are becoming smarter with sophisticated embedded systems, underscoring our development of CATIA Systems, which was further strengthened recently with the technology of Modelon GmbH. “Finally, looking at our results and future opportunities, we see a year of strong financial performance in 2015. Thanks to multiple access points we can better serve our customer base, reach an expanded market opportunity and accelerate our organic growth.” Cash Flow and Other Financial Highlights Net operating cash flow was €265 million for the 2015 first quarter, compared to net operating cash flow of €182 million in the year-ago quarter. The growth in net operating cash flow benefited from an increase in working capital in the current quarter. At March 31, 2015, the Company’s net financial position increased to €1.15 billion, compared to €825.5 million at December 31, 2014. Cash, cash equivalents and short-term investments increased to €1.50 billion and long-term debt was €350.0 million, compared to €1.18 billion, and €350.0 million, respectively, at December 31, 2014. The Board of Directors has scheduled the Annual Shareholders’ Meeting for May 28, 2015 and is recommending a dividend per share equivalent to €0.43 per share for the fiscal year ended December 31, 2014, representing an increase of approximately 4% compared to the prior year. In addition, as in recent years, it will also be proposed that each shareholder be granted the option to choose to receive payment of the dividend in cash or new shares. Shareholders may choose payment of the dividend in cash or new shares between June 3, 2015 and June 16, 2015, inclusive. Shares will trade ex-dividend as of June 3, 2015, with the ex-dividend date June 3, 2015. Dividends will be made payable as from June 25, 2015. These recommendations are subject to approval by shareholders at the Annual Shareholders’ Meeting. For further information, see the Company’s 2014 Document de Référence filed with the French Autorité des Marchés Financiers (AMF) on March 24, 2015. The 2014 Document de Référence and an English language translation of this document are available on the Company’s website. In early March, the Company announced the general availability of Release 2015x of the 3DEXPERIENCE platform, offering a simplified and improved user experience with powerful enhancements that significantly increase productivity on premise as well as on public or private cloud. In addition, R2015x introduces groupings of applications called ‘roles’, designed to cover a broader set of activities users need to accomplish in industry-specific domains. In R2015x, there are 219 roles on premise, 115 roles on public and private cloud. Importantly, R2015X continues the Company’s focus on further advancing ease of interface enabling V5 customers to benefit from their existing deployments while also taking advantage of V6 applications, as well as powerful openness and coexistence capabilities for a heterogeneous environment with a user’s suppliers and other software. Dassault Systèmes acquires Modelon GmbH, a new milestone to achieve Ready-to-Experience mechatronics systems. With this transaction, Dassault Systèmes reinforces its portfolio of industry-leading content, applications and services. Modelon GmbH’s proprietary, multi-physics modular and reusable content—based on the Modelica open standard modeling language—brings industries beyond digital mock up to deliver functional mock up, transforming the engineering and experimentation of connected vehicles. From electric power storage to electric power distribution, its portfolio delivers a unified picture of complex product subsystem interaction and performance. This accelerates virtual product development and ensures the relevance and quality of Transportation and Mobility industry projects. El Corte Inglés, a world leader in large department stores, has selected Dassault Systèmes “My Collection for Fashion” industry solution experience to accelerate time-to-market of its private-label fashion collections. Dassault Systèmes’ “My Collection for Fashion” industry solution experience applies collaborative innovation to product development and the consumer experience in order to enhance a brand’s identity. Brand retailers can rely on applications that encompass global sourcing and global collaboration, consumer-led design, virtual prototyping, virtual stores and channels, integrated merchandise assortment planning, product development and social analytics. Thibault de Tersant, Senior Executive Vice President, CFO, commented, “All in all, we delivered a strong first quarter with organic software revenue growth increasing to 9% in constant currencies. These results well illustrate and support our 2015 financial objectives. “Importantly, our first quarter performance underscores the value brought by our multiple growth engines. During the quarter revenue was driven by a diverse set of industries, including Transportation & Mobility, Industrial Equipment and Marine & Offshore in our core industries, well complemented by increased activity in Life Sciences, CPG and Energy, Process & Utilities. We benefited from strong growth for SOLIDWORKS and SIMULIA. And our revenue results also demonstrate that our acquisitions, most notably BIOVIA and QUINTIQ, are delivering on plan. “Looking forward, we are confirming our 2015 full year financial objectives and updating them for currency. In total we see a year of organic, double-digit new licenses revenue growth, improvement in our underlying operating margin of about 100 basis points, leading to a non-IFRS operating margin of about 30% and earnings per share growth of about 15% to 17%.” The Company’s second quarter and full year 2015 financial objectives are as follows: The Company’s objectives are prepared and communicated only on a non-IFRS basis and are subject to the cautionary statement set forth below. The 2015 non-IFRS objectives set forth above do not take into account the following accounting elements and are estimated based upon the 2015 currency exchange rates above: deferred revenue write-downs estimated at approximately €38 million, share-based compensation expense, estimated at approximately €19 million and amortization of acquired intangibles estimated at approximately €160 million. The above objectives do not include any impact from other operating income and expense, net principally comprised of acquisition, integration and restructuring expenses. Finally, these estimates do not include any new stock option or share grants, or any new acquisitions or restructurings completed after April 23, 2015. Today, Thursday, April 23, 2015, Dassault Systèmes will first host a meeting in London, which will be simultaneously webcasted at 8:30 AM London time/9:30 AM Paris time and will then also host a conference call at 9:00 AM New York time/ 2:00 PM London time/3:00 PM Paris time. The webcasted meeting and conference call will be available via the Internet by accessing http://www.3ds.com/investors/. Please go to the website at least 15 minutes prior to the webcast or conference call to register, download and install any necessary audio software. The webcast and conference call will be archived for 1 year. Additional investor information can be accessed at http://www.3ds.com/investors/ or by calling Dassault Systèmes’ Investor Relations at 33.1.61.62.69.24. Statements herein that are not historical facts but express expectations or objectives for the future, including but not limited to statements regarding the Company’s non-IFRS financial performance objectives, are forward-looking statements. Such forward-looking statements are based on Dassault Systèmes management's current views and assumptions and involve known and unknown risks and uncertainties. Actual results or performances may differ materially from those in such statements due to a range of factors. The Company’s current outlook for 2015 takes into consideration, among other things, an uncertain global economic environment. In light of the continuing uncertainties regarding economic, business, social and geopolitical conditions at the global level, the Company’s revenue, net earnings and cash flows may grow more slowly, whether on an annual or quarterly basis. While the Company makes every effort to take into consideration this uncertain macroeconomic outlook, the Company’s business results, however, may not develop as anticipated. Furthermore, due to factors affecting sales of the Company’s products and services as described above, there may be a substantial time lag between an improvement in global economic and business conditions and an upswing in the Company’s business results. In preparing such forward-looking statements, the Company has in particular assumed an average US dollar to euro exchange rate of US$1.15 per €1.00 for the 2015 second quarter and US$1.14 per €1.00 for the full year as well as an average Japanese yen to euro exchange rate of JPY135.0 to €1.00 for the second quarter and JPY134.8 to €1.00 for the full year; however, currency values fluctuate, and the Company’s results of operations may be significantly affected by changes in exchange rates. The Company’s actual results or performance may also be materially negatively affected by numerous risks and uncertainties, as described in the “Risk Factors” section of the 2014 Document de Référence, filed with the AMF on March 24, 2015, and also available on the Company’s website www.3ds.com. Readers are cautioned that the supplemental non-IFRS information presented in this press release is subject to inherent limitations. It is not based on any comprehensive set of accounting rules or principles and should not be considered as a substitute for IFRS measurements. Also, the Company’s supplemental non-IFRS financial information may not be comparable to similarly titled non-IFRS measures used by other companies. Further specific limitations for individual non-IFRS measures, and the reasons for presenting non-IFRS financial information, are set forth in the Company’s annual report for the year ended December 31, 2014 included in the Company’s 2014 Document de Référence filed with the AMF on March 24, 2015. In the tables accompanying this press release the Company sets forth its supplemental non-IFRS figures for revenue, operating income, operating margin, net income and diluted earnings per share, which exclude the effect of adjusting the carrying value of acquired companies’ deferred revenue, share-based compensation expense and related social charges, the amortization of acquired intangible assets, other operating income and expense, net, certain one-time items included in financial revenue and other, net, and the income tax effect of the non-IFRS adjustments and certain one-time tax effects. The tables also set forth the most comparable IFRS financial measure and reconciliations of this information with non-IFRS information. When the Company believes it would be helpful for understanding trends in its business, the Company provides percentage increases or decreases in its revenue (in both IFRS as well as non-IFRS) to eliminate the effect of changes in currency values, particularly the U.S. dollar and the Japanese yen, relative to the euro. When trend information is expressed herein "in constant currencies", the results of the "prior" period have first been recalculated using the average exchange rates of the comparable period in the current year, and then compared with the results of the comparable period in the current year. Dassault Systèmes, the 3DEXPERIENCE Company, provides business and people with virtual universes to imagine sustainable innovations. Its world-leading solutions transform the way products are designed, produced, and supported. Dassault Systèmes’ collaborative solutions foster social innovation, expanding possibilities for the virtual world to improve the real world. The group brings value to over 190,000 customers of all sizes, in all industries, in more than 140 countries. For more information, visit www.3ds.com. CATIA, SOLIDWORKS, ENOVIA, DELMIA, SIMULIA, GEOVIA, EXALEAD, 3D VIA, 3DSWYM, BIOVIA, NETVIBES, 3DEXCITE are registered trademarks of Dassault Systèmes or its subsidiaries in the US and/or other countries. DASSAULT SYSTEMES NON-IFRS KEY FIGURES (unaudited; in millions of Euros, except per share data, headcount and exchange rates) Non-IFRS key figures exclude the effects of adjusting the carrying value of acquired companies’ deferred revenue, share-based compensation expense and related social charges, amortization of acquired intangible assets, other operating income and expense, net, certain one-time financial revenue items and the income tax effects of these non-IFRS adjustments and certain one-time tax effects. Comparable IFRS financial information and a reconciliation of the IFRS and non-IFRS measures are set forth in the separate tables within this Attachment. IFRS revenue variation as reported and in constant currencies DASSAULT SYSTEMES SUPPLEMENTAL NON-IFRS FINANCIAL INFORMATION IFRS – NON-IFRS RECONCILIATION (unaudited; in millions of Euros, except per share data) Readers are cautioned that the supplemental non-IFRS information presented in this press release is subject to inherent limitations. It is not based on any comprehensive set of accounting rules or principles and should not be considered as a substitute for IFRS measurements. Also, the Company’s supplemental non-IFRS financial information may not be comparable to similarly titled non-IFRS measures used by other companies. Further specific limitations for individual non-IFRS measures, and the reasons for presenting non-IFRS financial information, are set forth in the Company’s Document de référence for the year ended December 31, 2014 filed with the AMF on March 24, 2015. To compensate for these limitations, the supplemental non-IFRS financial information should be read not in isolation, but only in conjunction with the Company’s consolidated financial statements prepared in accordance with IFRS.


PARIS--(BUSINESS WIRE)--Quintiq, a Dassault Systèmes company and global leader in supply chain planning and optimization (SCP&O), announced today that its software has been selected to improve Hager Group’s demand forecasting process globally. Founded in 1955, Hager Group is a leading supplier of solutions and services for electrical installations in residential, commercial and industrial buildings. Ranging from energy distribution through cable management and wiring accessories to building


News Article | October 27, 2016
Site: globenewswire.com

OVERLAND PARK, Kan., Oct. 27, 2016 (GLOBE NEWSWIRE) -- YRC Worldwide Inc. (NASDAQ:YRCW) reported consolidated operating revenue for third quarter 2016 of $1.221 billion and consolidated operating income of $38.8 million, which included a $0.2 million loss on property disposals. As a comparison, the Company reported consolidated operating revenue of $1.245 billion for the third quarter 2015 and consolidated operating income of $47.7 million, which included a $0.9 million loss on property disposals. “Our third quarter 2016 financial results were impacted by the soft industrial backdrop and lower fuel surcharge revenue compared to a year ago,” said James Welch, chief executive office at YRC Worldwide. “Year-over-year tonnage per day was down during the quarter although it was the smallest decline at YRC Freight and the Regional segment in several quarters. We continue to believe pricing discipline in the LTL sector remains steady despite the near-term headwinds,” stated Welch. “We are managing through the current state of the economy by continuing to invest in technology and revenue equipment while focusing on actions that position our Company well for the long-term such as customer service and enhancing safety,” Welch continued. “We recently opened a new terminal in the Atlanta region, adding to our extensive networks. The new YRC Freight facility has strengthened our customer service in the Southeast Region. Following the recent installations of the in-cab safety technology, we are seeing a reduction in the type of accidents at YRC Freight, Holland, Reddaway and New Penn that these investments were designed to prevent. Other significant technology investments that we are making include driver handheld units and Optym load plan and Quintiq route optimization solutions. We plan to continue making disciplined and strategic investments to meet our commitment to be best in class in safety and customer service. “We believe the investments that we are making in the Company combined with our highly-experienced employees, comprehensive North American coverage and tremendous asset base position us well for a stronger freight environment,” concluded Welch. Key Segment Information – third quarter 2016 compared to third quarter 2015 YRC Worldwide Inc. will host a conference call with the investment community today, Thursday, October 27, 2016, beginning at 4:30 p.m. ET, 3:30 p.m. CT. A live audio webcast of the conference call and presentation slides will be available on YRC Worldwide Inc.’s website yrcw.com.  A replay of the webcast will also be available at yrcw.com. EBITDA is a non-GAAP measure that reflects the company’s earnings before interest, taxes, depreciation, and amortization expense. Adjusted EBITDA (defined in our credit facilities as Consolidated EBITDA) is a non-GAAP measure that reflects the company’s earnings before interest, taxes, depreciation, and amortization expense, and further adjusted for letter of credit fees, equity-based compensation expense, net gains or losses on property disposals, restructuring professional fees, nonrecurring consulting fees, expenses associated with certain lump sum payments to our International Brotherhood of Teamster employees and gains or losses from permitted dispositions and discontinued operations, among other items as defined in the company’s credit facilities. EBITDA and Adjusted EBITDA are used for internal management purposes as a financial measure that reflects the company’s core operating performance. In addition, management uses Adjusted EBITDA to measure compliance with financial covenants in the company’s credit facilities and to pay certain executive bonus compensation.  However, these financial measures should not be construed as better measurements than net income, as defined by generally accepted accounting principles (GAAP). EBITDA and Adjusted EBITDA have the following limitations: Because of these limitations, EBITDA and Adjusted EBITDA should not be considered a substitute for performance measures calculated in accordance with GAAP. We compensate for these limitations by relying primarily on our GAAP results and using EBITDA and Adjusted EBITDA as secondary measures.  The company has provided reconciliations of its non-GAAP measures, EBITDA and Adjusted EBITDA, to GAAP net income and operating income (loss) within the supplemental financial information in this release. This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Words such as “will,” “expect,” “intend,” “anticipate,” “believe,” “could,” “should,” “may,” “project,” “forecast,” “propose,” “plan,” “designed,” “enable,” and similar expressions which speak only as of the date the statement was made are intended to identify forward-looking statements. Forward-looking statements are inherently uncertain, are based upon current beliefs, assumptions and expectations of Company management and current market conditions, and are subject to significant business, economic, competitive, regulatory and other risks, uncertainties and contingencies, known and unknown, many of which are beyond our control. Our future financial condition and results could differ materially from those predicted in such forward-looking statements because of a number of factors, including (without limitation) our ability to generate sufficient cash flows and liquidity to fund operations and satisfy our cash needs and future cash commitments, including (without limitation) our obligations related to our indebtedness (including compliance with scheduled increases in financial performance related debt covenants) and lease and pension funding requirements; our ability to amend our term loan credit facility to obtain covenant relief, if necessary, which would be largely outside of our control; the success of our management team in continuing with its strategic plan and operational and productivity improvements, including (without limitation) our continued ability to meet quality delivery performance standards, and our ability to increase volume and yield and the impact of those improvements to meet our future liquidity and profitability; the uncertainty in the overall economy; our ability to finance the maintenance, acquisition and replacement of revenue equipment and other necessary capital expenditures; our dependence on our information technology systems in our network operations and the production of accurate information, as well as the risk of system failure, inadequacy or security breach; changes in equity and debt markets; inclement weather; price of fuel; sudden changes in the cost of fuel or the index upon which we base our fuel surcharge and the effectiveness of our fuel surcharge program in protecting us against fuel price volatility; competition and competitive pressure on pricing; expense volatility, including (without limitation) volatility due to changes in purchased transportation service or pricing for purchased transportation; our ability to comply and the cost of compliance with federal, state, local and foreign laws and regulations, including (without limitation) laws and regulations for the protection of employee safety and health and the environment, as well as state and federal labor laws; terrorist attack; labor relations, including (without limitation) our ability to attract and retain qualified drivers, the continued support of our union employees with respect to our strategic plan, the impact of work rules, work stoppages, strikes or other disruptions, our obligations to multi-employer health, welfare and pension plans, wage requirements and employee satisfaction; the impact of claims and litigation to which we are or may become exposed; and other risks and contingencies, including (without limitation) the risk factors that are included in our reports filed with the SEC, including those described under “Risk Factors” in our annual report on Form 10-K and quarterly reports on Form 10-Q. YRC Worldwide Inc., headquartered in Overland Park, Kan., is the holding company for a portfolio of less-than-truckload (LTL) companies including YRC Freight, YRC Reimer, Holland, Reddaway, and New Penn. Collectively, YRC Worldwide companies have one of the largest, most comprehensive LTL networks in North America with local, regional, national and international capabilities. Through their teams of experienced service professionals, YRC Worldwide companies offer industry-leading expertise in flexible supply chain solutions, ensuring customers can ship industrial, commercial and retail goods with confidence. Please visit our website at www.yrcw.com for more information.

Loading Quintiq collaborators
Loading Quintiq collaborators