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2002/2003 Annual financial report

In a difficult economic climate, IGE+XAO continued its expansion during the financial 2002/2003 year with an increase in turnover of 4.5% (+6% at a constant exchange rate). This performance is particularly notable in the International market, the main target of the Group, where the business grew by 14% over the period (+19% at a constant exchange rate)

The consolidated operating income increased by 18% thanks to the increase in turnover and to the firm control over costs which have gone up by only 3% when compared to 2001/2002.
These performances enable the Group to improve its profitability indicators and in particular the operating margin and the net margin which are 14.5% and 7.6% respectively.
At the same time, the Group has strengthened its financial position with cash flow of € 4,831K and shareholders' equity of € 7,845K, increasing by 9.5% and 14% respectively. Its financial capability enables the Group to achieve its objectives and exploit internal or external development opportunities.
Furthermore and in line with the management of the Group, the Board of Directors will propose to the Annual General Meeting of shareholders a distribution of dividend amounting to € 280,000 (a tax credit must be added.).

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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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