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Half term consolidated accounts as of January 31, 2015

 

Over the first half of the 2014/2015 financial period, consolidated turnover for the IGE+XAO Group is 13,168,401 euros compared to 12,570,465 euros in 2013/2014, up 4.8%. This increase in activity would have been 6.2% (5.9% over the 1st quarter and 6.5% over the second quarter) under identical IFRS accounting standards. Indeed, due to the application of IFRS 11, the Group had to deconsolidate two subsidiaries, EHMS and S2E Consulting, without generating any modification in the percentage of holding, or any change within the governance of the Group in these two companies.

            From a profitability standpoint, IGE+XAO is getting close to the exceptional level recorded over the 1st half one year earlier, with an operating margin and net margin respectively of 25.5% and 20.1%, both exceeding those from the financial period ended 31 July 2014 (25.1% and 19.3%). At the end of January 2015, operating income as such reached 3,354,544 euros and net income reached 2,646,410 euros.

This performance can be appreciated all the more so in that it is taking place during a period, on the one hand, of consolidating the actives of Prosyst, and on the other hand, of investments internationally with the integration of IGE+XAO Nordic in Denmark, the launching of a sales office in Moscow and the prefiguring of a location in South America. With regards to R&D, a major portion of the activity was devoted to implementing new 3D and Web infrastructures, to deploying PLM solutions in the railway sector and in preparing new versions of the Group's flagship software (SEE Electrical and its Expert and PLM versions).

            Finally, from a financial standpoint, the Group is solidly structured with, at 31 January 2015, equity of 30 million euros, almost no bank debt and a cash flow of over 28 million euros.

 

* operating income in terms of turnover

** net income in terms of turnover

 

Note: The half-year financial statements closed out at 31 January 2015 underwent a limited review by the auditors of IGE+XAO and were approved by the Board of Directors on 26 March 2015. 

 

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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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