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2004/2005 half-year consolidated accounts

During the first half of 2004/2005, IGE+XAO continued its expansion with a € 9,251 K turnover compared to a € 8,315 K turnover in 2003/2004, that is, a growth of 11%.


The period is characterized by the good level of the operating income that increased by 9% compared to 2003/2004, as well as the control over costs enabling the Group to lessen the impact of the reinforcement of its resources. Actually, the average headcount was 332 employees at January 31st, 2005 compared to 266 one year ago, that is a 25% increase. This strong evolution, which mainly affects the R&D and Solutions activities, clearly reflects the strategy of the Group, aiming at speeding up the launch of innovating offers that will bring IGE+XAO a decisive competitive advantage.


On January 31st, 2005, the Group net income amounted to € 665 K, a 7% increase when compared to 2003/2004. This performance is all the more noticeable since, on the one hand, the 2003/2004 first half period had been exceptional with a net income amounted to € 620 K compared to € 462 K one year earlier and, on the other hand, the USD exchange rate strongly impacts the financial loss.


At the same time, the Group is able to consolidate its financial situation with a shareholder's equity of € 9,472 K (+15%), financial debts of € 201 K and a strong cash flow over € 9,400 K.


During the fiscal, IGE+XAO reassure that their budget plan is correct and expect an increase in turnover and profitability over 8%.

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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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