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Half term consolidated accounts as of January 31, 2013


Over the first half of the 2012/2013 financial period, consolidated turnover for the IGE+XAO Group is up 4,9%, amounting to 11,812,132 euros compared to 11,264,268 euros one year earlier. The Group benefitted from strong momentum in its Major Accounts activity combined with the good resistance of its activity internationally, especially in Northern Europe.

In terms of operating expenses and in accordance with its business plan, IGE+XAO increased its workforce in software production and marketing, changing the number of its employees worldwide from 354 full-time equivalents at 31 January 2012 to 378 at 31 January 2013. This controlled change was accompanied by an improvement in the operating margin which crossed the 25% threshold (25.2% compared to 24.9% one year earlier). Operating income as such reached 2,982,039 euros, up 6.2% compared to the first half of 2011/2012. Finally, net income, which amounted to 2,262,372 euros (net margin** of 19.2%), is comparable to that of the first half of 2011/2012, due to tax credit on a foreign subsidiary in 2011/2012.

From a financial standpoint, IGE+XAO is solidly structured with, at 31 January 2013, equity of 22 million euros, almost no bank debt and a cash flow of nearly 22 million euros.

Backed with its results and its solid fundamentals, the Group, while still preserving its high level of profitability, intends to pursue its development internationally with the opening of a subsidiary in Mexico scheduled before the end of the financial period.







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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