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2001/2002 Annual financial report

In a tense economic context, IGE+XAO has shown its highest net income since its inception with consolidated net income of € 1,137,200 which represents 7.4% of the Group's yearly turnover. This sustained increase is at the higher end of the Group's objectives, which forecasted an increase of the gross margin of between 6% and 8%.


Apart from net income, all the indicators of profitability have seen notable growth, namely the EBITDA, the operating income and the consolidated net income, which increased respectively by 15%, 13% and 16%.


Other than these achievements, the 2001/2002 fiscal year was particularly intense. Thus, during this same period the Group has launched a new high-end software (See Electrical Expert®), signed a contract with EADS amounting to more than 3 million euros over four years and integrated the CADdy++ software product which was a result of company acquisition last year.


In addition and pursuant to the policies of IGE+XAO, the Board of Directors will propose to the Annual General Meeting of shareholders to distribute dividends of an amount of € 271,310 to which a tax credit must be added.


Concerning the current fiscal year, IGE+XAO confirms the good continuation of its Business plan which aims to increase turnover and profitability.

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El GRUPO IGE+XAO :

Desde hace más de 30 años, el Grupo IGE+XAO concibe, desarrolla, comercializa y asegura el mantenimiento de una gama de productos de Concepción Asistida por Ordenador (CAD), de gestión de ciclo de vida "Product Lifecycle Management" (PLM) y de Simulación dedicada a la electricidad. Nuestros softwares son desarrollados para ayudar en la industria a concebir y mantener la parte eléctrica de todo tipo de instalación.
Este tipo de CAD/ PLM/ Simulación es denominado "CAD/ PLM/ Simulación Eléctrico". IGE+XAO representa 390 personas en el mundo repartidos en 32 oficinas y en 21 países así que 86.000 licencias. IGE+XAO es una referencia en su dominio.
Para toda información complementaria: http://www.ige-xao.com


CONTACTOS IGE+XAO :
Relaciones Analistas/Invertidores:
A. Di Crescenzo (Presidente Director General) +33 (0)5 62 74 36 36

Grupo IGE+XAO :
16 Bd Déodat de Séverac - CS 90312 - 31773 Colomiers Cedex - Francia
Fax: +33 (0)5 62 74 36 37 – www.ige-xao.com
Euronext Paris- NYSE Euronext - Indice CAC Mid & Small® - ISIN FR 0000030827

Relaciones Prensa :
Muriel Fourtet +33 (0)5 62 74 36 36