IGE+XAO software publisher, specialized in Electrical CAD and PLM

Consolidated Turnover for the third quarter (in IFRS norms)

Tue, 15 Jun 2010 08:00:00 +0200

Toulouse, June 15th 2010, the IGE+XAO Group announces:
Consolidated Turnover for the third quarter (in IFRS norms)
Growth in the 3rd quarter

Despite difficult economic conditions in 2009/2010, marked by significant business slowdowns on the electrical equipment and CAD software markets, the 3rd quarter turnover of IGE+XAO increased by +0.8% to €5,525,177. This favourable trend is attributable to the diversification strategy in terms of clientele and territory (22 sites across 16 countries), enabling the Group to benefit from good international dynamics.

Over the financial year, IGE+XAO will be pushing ahead with its route plan aimed at optimising its cost structure while preserving its innovation capacity and market conquest potential. IGE+XAO will be launching major new versions of its leading electrical design software at the beginning of 2011. These new products will supplement the SaaS (Software as a Service) and Building offers dedicated to small and medium-size businesses as well as the Electrical PLM offer aimed at the aeronautic and automotive markets.

Moreover, the company has a solid economic model: on 31 January 2010, its operating profitability was 19.4% and its available cash amounted to over €13 million. In that context and on the strength of those solid fundamentals, the Group remains focused on the pursuit of its route plan targeting the opening of new markets, while preserving the Group's high profitability.

Consolidated Accounts for the first half of 2009/2010 (in IFRS norms)

Wed, 31 Mar 2010 09:00:00 +0200

Toulouse, 31st March 2010.The IGE+XAO Group announces:
First half results under control in a tight economic situation
Against the background of an economic crisis marked by business falling considerably in the electrical equipment and Computer Aided Design (CAD) software markets, IGE+XAO achieved a turnover of 10,369,899 euros in the 2009/2010 first half, representing a drop of 5.1% at constant exchange rates (or -5.4% at actual exchange rates) compared to the same period of the previous year.
In terms of its business activity, IGE+XAO has continued to pursue its mapped out route, which aims to optimize its costs structure whilst retaining an unchanged capacity for innovation and market capture, in order to become a leading player once the recovery starts. In this period the Group, therefore, continued to launch its SaaS (Software As A Service) and Construction offers for SMEs/SMIs. Alongside this activity, IGE+XAO continued to invest in the development of its Electrical PLM (project life cycle management) offer targeted at the Aeronautics market and subsequently at the Automotive market.
In terms of profitability, the Group have posted an operating income of 1,995,158 euros which was 8.1% up on 2008/2009 first half, representing an operating margin* of 19.4%. This growth was achieved by a combination of good operating cost control - reduction of 7.8% - together with the quality of the "Business Model", which IGE+XAO is improving year on year. Net income, primarily impacted by lower interest rates, was 1,444,282 euros, representing a net margin** of 14.2%.
On a financial side, IGE+XAO has a solid basis, having, at 31st January 2010, 17.7 million euros of equity capital, virtually no banking debt, and available cash of over 13.5 million euros.
In this current financial year, supported by its strong base, the IGE+XAO Group intends to continue its mapped out route, whilst remaining cautious with a view to preserving our high profitability level.
* operating income from sales turnover ** net income from sales turnover

Turnover for first quarter of 2009/2010 (in IFRS norms)

Tue, 15 Dec 2009 09:00:00 +0100

Toulouse, December 15th 2009. The IGE+XAO Group announces:

Turnover almost stable in a very tough international context

In a struggling international economic context, with the Computer-Assisted Design market facing substantial drops in business, IGE+XAO posted a turnover of €4,735,624 for the 1st quarter. This figure is slightly down by 1.9% at a constant exchange rate (2.6% at real exchange rate) as compared with the 1st quarter of the previous year, which represented the best quarterly performance in 2008/2009 (+7.1%).

Over the period, the solid fundamentals of IGE+XAO (diversified customer portfolio, strong international presence and high profitability), will enable the Group to apply a dynamic action plan, while optimising costs. The Group will therefore launch two major new versions of its most popular software, SEE Electrical Expert V3R7 and SEE Electrical V5R1, internationally. In parallel, IGE+XAO is continuing to deploy its SaaS (Software as a Service) range for SME/SMI. This new mode of commercialisation, which protects recurring medium-term Group income, particularly meets the requirements of companies in the current context, enabling them to control their investment.

In the context of this crisis, the solid financial structure of the Group is a decisive advantage, (on 31 July 2009: 17 million euros in equity, virtually no bank debt and 14.3 million euros in cash and cash equivalent). This asset will allow IGE+XAO to maintain a substantial level of investment while protecting its ability to take up any opportunity for internal or external growth with a view to playing a leading role from the first signs of recovery.

Finally, in keeping with the policy set forth by the IGE+XAO Group, at the Annual General Meeting the Board of Directors will propose the distribution of a gross dividend of €0.43 per share.

Consolidated accounts for 2008/2009 (in IFRS norms)

Mon, 02 Nov 2009 08:00:00 +0100

Toulouse, November 2nd 2009. The IGE+XAO Group announces: Consolidated accounts for 2008/2009 (IFRS norms) Steady business performance and results

Despite the severe global economic downturn, IGE+XAO still posts a turnover of €21,788,488, increasing by 1% in comparison with last year. Steady business performance in the first half of the year alleviated the effects of the software market slowdown in the 4th quarter, when the turnover receded by 6% (5% at the same exchange rates).

During the fiscal year, the IGE+XAO Group improves its operating margin with a current operating income and an operating income up to 1% and 21% respectively. This favorable trend is attributable to the Group's efficient business model as well as its ability to control costs. Financial income amounts to €400,583 in comparison with €1,134,693 a year earlier due to the exceptional capital gain on the sale of the Group's 11% stake in Anyware Technologies. The net income which neither includes the capital gain in comparison with last year amounts to €2,740,330 corresponding to a net margin rate of 12.6%.

Moreover, the solid fundamentals of IGE+XAO a diversified customer portfolio, high profitability and net cash of €14 M will enable the Group to continue its development on its new markets, despite the crisis.

In keeping with the policy set forth by the IGE+XAO Group, at the Annual General Meeting the Board of Directors will propose the distribution of a gross dividend of €0.43 per share.

** Net margin : net result / turnover

IGE+XAO's SEE Electrical contributes to sustainable development in China.

Fri, 24 Jul 2009 09:00:00 +0200

Toulouse, 24th July, 2009 - Vestas is a leader in wind energy equipment and holds a 23% market share at a global level. Every year each Vestas V90-3,0MW wind turbine can avoid 5000 tons of CO2. The power it generates matches 13,000 barrels of crude oil. Vestas wind turbines generate more than 50 million MWh every year which is enough electricity to supply every household in a country the size of Spain. In order to offer high quality products, Vestas invests heavily to optimize the design of wind turbines with one priority: increase efficiency. Vestas believes that the design stage is equal to, or even more important than the manufacturing stage. Selecting IGE+XAO's SEE Electrical as the electrical design reference software was key to Vestas China. The company was looking for a software package which would allow to design both electrical schematics and wiring diagrams, manage wires, cables and shielding and hence generates automatically all types of lists (product, wire, cable and terminal lists).

Consolidated Accounts for the third quarter 2008/2009 (in IFRS norms) Good performance

Fri, 12 Jun 2009 09:00:00 +0200

Toulouse, June 12th 2009, the IGE+XAO Group announces: In the first nine months of 2008/2009, IGE+XAO reports a 3.5% growth in turnover, with this year's figure of 16,447,850 Euros as compared to 15,895,542 Euros the previous year. Over the third quarter turnover reached 5,483,024 Euros, a growth of 1% (+1.5% at constant exchange rate). The good performance of the business is all the more significant as it was achieved during a period of serious deterioration in the world economic situation, with a noticeable impact on the software market.

The IGE+XAO Group launches two new Electrical CAD software packages targeting capital goods, automation and construction markets.

Wed, 29 Apr 2009 10:30:00 +0200

Toulouse, April 29th 2009 The IGE+XAO Group broadens its Computer-Aided Design (CAD) software range dedicated to Electrical Engineering with the launch of two new products. The first package, SEE Electrical, targets cabling for capital goods and automation industries, the second, SEE Electrical Building, targets the Construction market.

Consolidated Accounts for the first half 2008/2009 (in IFRS norms) A good first half

Tue, 31 Mar 2009 09:00:00 +0200

Toulouse, March 31st 2009, the IGE+XAO Group announces: In the first half of 2008/2009, IGE+XAO reports a 4.8% growth in turnover, with the figure of 10,964,826 euros as compared to 10,465,904 euros the previous year. The growth is all the more impressive as it was achieved in a tight economic situation and, in addition, the contribution from contracts for the Group's PLM offer (Product Life-cycle Management) dedicated to Electrical Engineering, so far has remained stable from one year to the next.

Consolidated Accounts for the first half 2008/2009 (in IFRS norms) A good first half

Tue, 31 Mar 2009 09:00:00 +0200

CSR PuZhen, a leading Chinese rolling tock manufacturer, chooses SEE Electrical Harness for the design of electrical wire harnesses.

Tue, 16 Dec 2008 08:00:00 +0100

Nanjing, December 16th, 2008 The IGE+XAO Group announces that CSR PuZhen has selected IGE+XAO's SEE Electrical Harness software package for designing and maintaining electrical wire harnesses.

IGE+XAO software publisher, specialized in Electrical CAD and PLM

Consolidated Turnover for the third quarter (in IFRS norms)

Consolidated Accounts for the first half of 2009/2010 (in IFRS norms)

Turnover for first quarter of 2009/2010 (in IFRS norms)

Consolidated accounts for 2008/2009 (in IFRS norms)

IGE+XAO's SEE Electrical contributes to sustainable development in China.

Consolidated Accounts for the third quarter 2008/2009 (in IFRS norms) Good performance

The IGE+XAO Group launches two new Electrical CAD software packages targeting capital goods, automation and construction markets.

Consolidated Accounts for the first half 2008/2009 (in IFRS norms) A good first half

Consolidated Accounts for the first half 2008/2009 (in IFRS norms) A good first half

CSR PuZhen, a leading Chinese rolling tock manufacturer, chooses SEE Electrical Harness for the design of electrical wire harnesses.

CSR PuZhen, a leading Chinese rolling tock manufacturer, chooses SEE Electrical Harness for the design of electrical wire harnesses.