Dassault Systèmes Delays Earnings Target to 2029, Cuts Revenue Growth Outlook

French software firm Dassault Systèmes announced on Friday that it has extended the timeline for achieving its medium-term earnings target by one year, now expecting to reach it in 2029 instead of 2028. The company also lowered its revenue growth forecast amid weakening demand in the automotive sector and ongoing tariff-related uncertainties.

Previously, Dassault Systèmes aimed to double its non-IFRS diluted earnings per share (EPS) to between €2.20 and €2.40 by 2028 under its 2023–2028 strategy. The new timeline shifts this goal to 2029.

At its capital markets day event, the company revised down its medium-term revenue growth target to a compound annual growth rate (CAGR) of 7% to 8% from 2024 to 2029. This is a reduction from the previous forecast of double-digit growth of 10% for the 2023–2028 period.

The company cited a prolonged slowdown in the global automotive industry and market volatility linked to U.S. President Donald Trump’s tariffs as key challenges. Dassault Systèmes had already lowered its 2025 operating margin growth forecast in April and revised its 2024 forecasts twice last year.

These repeated downward adjustments have raised investor concerns about Dassault Systèmes’ ability to meet its medium- and long-term financial goals. Following the announcement, the company’s shares fell 1.7% as of 15:30 GMT.