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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