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Turnover for the half year of 2003/2004

Having completed a successful 2002/2003 fiscal year, IGE+XAO continued to make good progress in the second quarter of 2003/2004 with an increase in turnover of 10.3%. In the international market, the main target of the group, IGE+XAO has posted a high growth rate, up 22.5%. In France, where IGE+XAO holds more than 60% of the market, the business has increased by 3.6%. The total turnover for the first half of the financial year has risen by 8.3% (+18% in the international market).


In addition to the increase in turnover, the start of the financial year has been marked by noticeable events, notably the signing of a partnership with Dassault Systems and the launch of the first integrated solution for the CATIA V5, and furthermore the announcement of a project from Boeing worth US$ 5 millions over the next three years.


Over the fiscal year, IGE+XAO has put up its forecast for organic growth which should now be between 6% and 10%, with a net margin in excess of 8% 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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