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2002/2003 half-year consolidated accounts

In a difficult economic climate, IGE+XAO continued its expansion during the first half of 2002/2003 with an increase in turnover of 5% and a consolidated net result resting at € 526 K against € 442K for 2001/2002, representing growth of 19%. This performance is particularly notable in the International market, the main target of the Group, where the business grew by 13% in the period.


Apart from the increase in turnover, the sharp increase in gross trading profit (up 15%) is explained by the firm control over costs which have gone up by only 3% when compared to 2001/2002 (costs net of the reimbursement of some of the operating costs).


At the same time, the Group is able to consolidate its financial situation with a cash flow of € 4,434K and a shareholder's equity of € 7,090K, with a respective increase of 18% and 15%, after taking into account the impact of the reclassification of shares on July 31st 2002 (€ 731K). Furthermore IGE+XAO benefits from a low level of indebtedness , which adds up to less than 5% of the shareholder's equity.


During the fiscal, IGE+XAO are reassured that their budget plan is correct and anticipate a net profit of between 7% and 9% of turnover.

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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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