Toulouse, 24 October 2012, the IGE+XAO Group announces:
A successful 2011/2012
Over the 2011/2012 financial period, consolidated turnover for the IGE+XAO Group amounted to 23,385,942 euros, up 4.8% compared to the previous financial period.
Over the same period, current operating income, up 9%, has crossed over the 5 million euro line, amounting to 5,355,127 euros. These good results, in terms of activity as well as in controlling costs, lead to an increase in operational profitability which increased from 22% to 23%. Net income stands at 4,304,874 euros compared to 3,606,505 euros one year ago, up 19.4%, resulting in a net margin** of 18.4% compared to 16.2% over the previous period.
Backed with its results and its solid fundamentals, the Group intends to pursue its development plan. As such from a commercial standpoint, after the recent creation of a distribution subsidiary in Turkey, IGE+XAO is planning to increase its presence on the American and Asian continents. From a technical standpoint, the Group intends to strengthen its software and services offering in order to meet demand in particular in the fields of automation, aeronautics and transport. In accordance with its Business Plan, the Group is planning to carry out these operations by retaining a high level of profitability and while still remaining vigilant as to changes in the economic climate.
* The consolidated financial statements were approved by the Board of Directors on 18 October 2012 and will be submitted for approval to the Annual Shareholders' Meeting.
** Net margin: net income / turnover