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Investing.com -- Dassault Systemes SE (EPA:DAST) on Thursday reaffirmed its 2025 guidance but signaled a narrower operating margin range due to currency-related pressures, pushing its shares nearly 7% lower in Paris trading.
The French software group, known for supplying digital solutions to the automotive, aerospace, and industrial sectors, now projects an operating margin between 32.2% and 32.4% for the year. This compares with its earlier estimate of 32.3% to 36.6%, with the adjustment reflecting updated foreign exchange assumptions.
CFO Rouven Bergmann said the full-year targets remain intact, though the company has revised its currency outlook for the second half.
Dassault now assumes an average exchange rate of $1.17 per euro for the third quarter and $1.13 for the full year, factoring in actual rates from the first half and the latest forecasts.
Second-quarter revenue rose to €1.52 billion ($1.79 billion), just shy of the €1.55 billion consensus estimate compiled by LSEG. Software (ETR:SOWGn) sales, which account for the bulk of revenue and include licenses and subscriptions, increased 6% to €1.37 billion.
Sales of the company’s core 3DEXPERIENCE platform grew 20% in the quarter, supported by demand for its suite of modeling and data management tools.