Toulouse, March 31st, 2008. The IGE+XAO Group announces:
IGE+XAO has recorded a net profit of 1,787,068 euros over the first half of 2007/2008, compared with 1,063,178 euros the previous year (+68.1%), equal to an increase of 68.1% and a net margin of 17.0%*. The current operating has reached 1,628,808 euros, compared to 1,492,334 euros in 2006/2007, an increase of +9.2%. The pre-tax group results rose dramatically (+44.4%), after taking into account the positive value gained from the transfer of Anyware Technologies shares (1,134, 693 euros). The positive impact of this gain has been attenuated by an exceptional depreciation of 440,893 euros.
Meanwhile, the Group has strengthened its financial position thanks to 15 million euros of equity, almost zero bank debt and available cash of 12.3 million euros. This financial performance is all the more impressive given that it comes within the context of sustained investment. Thus, over the first half of 2007/2008, IGE+XAO has expanded its presence on the international stage with the creation of two subsidiaries (China and Tunisia) while at the same time continuing its efforts in research and development and particularly with relation to the life cycle of electrical facilities (PLM).
Finally, the IGE+XAO Group has confirmed its market strategy aiming to grow both its turnover and profits over the course of the 2007/2008 financial year. This plan will be accompanied by the creation of jobs both in France and abroad so as to meet market demand.
* Attributable group net results based on turnover.