Cash Flow and Other Financial Highlights
IFRS net operating cash flow was €96 million for the first quarter ended March 31, 2009.
At March 31, 2009, cash and cash equivalents totaled €902.6 million and long-term debt was €200.3 million.
Annual Shareholders’ Meeting Date and Cash Dividend Recommendation
The Annual Shareholders’ Meeting has been scheduled for June 9, 2009. The Board of Directors has recommended an annual cash dividend equivalent to €0.46 per share, representing about €55 million in the aggregate, for the fiscal year ended December 31, 2008, stable with last year’s dividend per share. The dividend is subject to approval by shareholders at the Annual Shareholders’ Meeting.
Key Business and Corporate Highlights
Guess, Inc. Expands Deployment of Dassault Systemes’ PLM Solutions to Manage Its Global Sourcing Operation. Jointly developed with Zymmetry Group – the leading manufacturing and sourcing solutions provider focusing on the apparel industry – the ENOVIA solution integrates sourcing within the design and development process, allowing companies such as Guess, Inc. to seamlessly manage collaboration with production offices and retailers. The ENOVIA solution supports costing and pre-production processes, and offers visibility and process control for brand and retail global operations.
Trent Ltd. Selects Dassault Systemes PLM for Fast Fashion. Trent Ltd., a Tata Group company and operator of Trent Westside, one of India’s largest and fastest growing retailers, will deploy the ENOVIA Apparel Accelerator™ for Design & Development. The ENOVIA Accelerator, which will take just nine weeks to implement, will integrate with their existing ERP systems to provide Trent Ltd. with greater visibility into the new product development process. This approach will enable the company to reduce sample development time and increase seasonal options by leveraging the market knowledge and design capabilities of key suppliers while also tracking commodity prices to negotiate better costs with them.
Great Wall Motor Selects Dassault Systemes’ PLM Solutions for Eco-Design. Great Wall Motor Company Limited (GWM), the largest commercial pickup and SUV manufacturer in China, has chosen Dassault Systemes’ ENOVIA Materials Compliance Central™ to establish an enterprise-wide compliance platform to promote eco-design. The solution, which is being deployed in partnership with D&A Technology (Shanghai) Co. Ltd., a Dassault Systemes’ partner in China, will significantly improve GWM’s competitiveness in a new era where environmental compliance is a basic requirement and a key strategy in GWM successfully expanding its global presence.
Based on the ENOVIA V6 platform, ENOVIA Materials Compliance Central is a business-process application, designed to empower companies to adopt proactive environmental compliance strategies throughout a product’s lifecycle, from design to disposal.
Procter & Gamble Selects Dassault Systemes as Enterprise Simulation
Partner. Procter & Gamble Company (P&G), the world’s largest
consumer goods company, has selected SIMULIA SLM as their simulation
lifecycle management solution to support P&G’s modeling & simulation
strategy. Based on Dassault Systemes’ V6 platform, the online
collaborative environment for PLM 2.0, SIMULIA SLM enables P&G to
capture, share and automate the execution of approved simulation
methods, improve traceability of simulation data, and accelerate
decision-making while securing valuable intellectual property.