Consolidated turnover for 4th quarter 2016/2017 : Strong growth in the activity

 Toulouse,  the IGE+XAO Group announces:

 Consolidated turnover for 4th quarter 2016/2017 in IFRS norms

                          

 

 

Strong growth in the activity

 

 

 Tableau Q4 2016 2017 ANG def

 

Over the 4th quarter of 2016/2017, IGE+XAO enjoyed strong growth in its activity, with turnover amounting to 8,080,204 euros compared to 7,499,071 euros one year ago, which is an increase of 7.8%. The acceleration in sales over this period was particularly substantial in Asia, in Europe with the SME/SMI activity and with major international accounts. The Prosyst subsidiary, specialising in diagnostics, optimisation and simulation of industrial processes, also enjoyed strong growth in its activity. Over the entire 2016/2017 financial period, consolidated turnover for the IGE+XAO Group is up 4.7%, amounting to 29,439,262 euros compared to 28,117,938 euros one year earlier.

 

2016/2017 was a dense year from a technical standpoint with increased mobilisation in Research and Development efforts on the Group's most widely distributed software, SEE Electrical Expert and SEE Electrical, for which the new versions will reach the market before the end of the year 2017. Moreover, IGE+XAO launched a major version of its electrical dimensioning software SEE Calculation, including, among other things, an adaptation to the latest standard NFC 15-500.

 

Backed with the strong momentum in the activity and in the quality of its business model, IGE+XAO plans to accelerate its market plan focusing on intensifying commercial development in particularly internationally, strong investment in R&D and a high level of profitability.



 

 

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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 33 sites and in 22 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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