Message of the Chairman
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Message of the Chairman
Dear Shareholders,
As we concluded the year 2019 with various outstanding achievements, the ESI’s General Meeting will be held on June 25, 2020, in an exceptional global context affected by the COVID-19 crisis.
Now more than ever, ESI Group stands out as a major player in the digital transformation of industries. Thus, in 2019, our major customers and industrial partners have, once again, renewed their confidence in our virtual engineering offering to contribute to improving their innovation, their productivity and their products and solutions performance, from their conception to their final destination, in a given environment and operational context.
The year 2019 has also been marked by the appointment of Cristel de Rouvray as CEO of ESI Group. The implementation of her business development and resources focus plan, as well as the upgrading of central management tools, marked an important milestone in our transformation journey. This plan has led to an evolution of our offer that is now prioritized by industries and by outcome.
Combined, these drivers strikingly contributed to building the foundations of the company's financial performance in 2019 and played a significant role in consolidating our market position.
As a reminder, the 2019 financial year was exceptionally held over 11 months in accordance with the decision taken at the previous General Meeting, which consists of closing our fiscal year on December 31, henceforth. This change, in adequacy with the pace of our business activities, will facilitate financial management over the medium and long term. In the short term, this change complicates the readability of the 2019 results. Financial aggregates such as sales, EBIT and EBITDA have therefore been reported on a 12-month proforma basis.
Furthermore, the global crisis is affecting several of our priority sectors, particularly the automotive and aerospace industry, which needs to urgently adapt its methods and processes while facing the evolution of its end customers’ expectations. Also, as the global digital transformation is accelerating and becoming inevitable, ESI’s solutions are gradually becoming catalysts of this industrial paradigm, for a gain in performance and productivity.
The Board of Directors thank you for your confidence and your loyalty.
