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2001/2002 Annual financial report

In a tense economic context, IGE+XAO has shown its highest net income since its inception with consolidated net income of € 1,137,200 which represents 7.4% of the Group's yearly turnover. This sustained increase is at the higher end of the Group's objectives, which forecasted an increase of the gross margin of between 6% and 8%.


Apart from net income, all the indicators of profitability have seen notable growth, namely the EBITDA, the operating income and the consolidated net income, which increased respectively by 15%, 13% and 16%.


Other than these achievements, the 2001/2002 fiscal year was particularly intense. Thus, during this same period the Group has launched a new high-end software (See Electrical Expert®), signed a contract with EADS amounting to more than 3 million euros over four years and integrated the CADdy++ software product which was a result of company acquisition last year.


In addition and pursuant to the policies of IGE+XAO, the Board of Directors will propose to the Annual General Meeting of shareholders to distribute dividends of an amount of € 271,310 to which a tax credit must be added.


Concerning the current fiscal year, IGE+XAO confirms the good continuation of its Business plan which aims to increase turnover and profitability.

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About IGE+XAO:

For over 30 years, the IGE+XAO Group has been a software publisher designing, producing, selling and supporting a range of Computer Aided Design (CAD), Product Lifecycle Management (PLM) and Simulation software dedicated to Electrical Engineering. These software products have been designed to help manufacturers in the design and maintenance of the electrical part of any type of installation. This type of CAD/PLM/Simulation is called "Electrical CAD/PLM/Simulation". Since mid 2014 with Prosyst take over, IGE+XAO also offers a complete software range for electrical installation functional simulation. IGE+XAO employs 390 people around the world on 32 sites and in 21 countries, and has more than 86,000 licences distributed around the world. IGE+XAO is a reference in its field. For more information: http://www.ige-xao.com

IGE+XAO Contacts:
Analysts/ Investors: Alain Di Crescenzo (Chairman of the Group): +33 (0)5 62 74 36 36
IGE+XAO Group, 16 boulevard Deodat de Severac - CS 90 312 - 31 773 COLOMIERS CEDEX
Phone: +33 (0)5 62 74 36 36 - Fax : +33 (0)5 62 74 36 37
Site Web: www.ige-xao.com
Listed on Euronext Paris- NYSE Euronext - Indice CAC Mid & Small® - ISIN FR 0000030827

Press Contact:
Christian Colin : +33 (0) 5 62 74 36 36

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