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2006/2007 Annual financial report

 

Over the financial year 2006/2007 the Group’s performance was significant with an ordinary operating income of €3,237,271, an increase of 4.2% and a group net income of €2,415,019, up by 17.6%. Net return was 11.8% of the turnover compared with 10.4% in 2005/2006.

At the same time, IGE+XAO is consolidating its financial situation with the absence of a long-term bank debt, cash-at-bank of 11.3 million euros and shareholder’s equities of 13.8 million euros.

This healthy financial structure gives the Group the ability to pursue its strategy for development. So, over the financial year IGE+XAO was especially dynamic in the following axes of development:

  • Expansion of the product portfolio with the creation of the company EHMS in a joint-venture with Labinal (creation and marketing of a software suite for the manufacture of electrical harnesses) and the take over of Compodata (publisher of complex system configurator software).
  • Development of new services with creation of the company S2E CONSULTING (diagnostic, consulting and support services dedicated to systems engineering and to electrical design processes) in a joint-venture with the Sogéclair Group.
  • Improvement of the Group’s international commercial coverage with the opening of a subsidiary in China.

Over the financial year 2006/2007, in view of the Group’s thresholds, the contribution of these new companies to the Income from ordinary activities and to the net consolidated income is not significant.

Finally and in accordance with the policy put in place by IGE+XAO the board of directors will propose to the Annual General Meeting the payment of a dividend of €0.22 per share compared with €0.20 in 2005/2006.

 

 

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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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