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 :

Durante más de 31 años, el Grupo IGE+XAO ha realizado las actividades de desarrollo, producción, venta y mantenimiento de su gama de softwares de Diseño Asistido por Ordenador (CAD), PLM (Product Lifecycle Management) y simulación dedicados a la Ingeniería Eléctrica. Estos softwares han sido diseñados para ayudar a los fabricantes a diseñar y mantener la parte eléctrica de cualquier instalación. Este tipo de CAD/PLM/Simulación es denominado "CAD/PLM/Simulación Eléctrico". Desde que nos hicimos cargo a mediados de 2014 de Prosyst, IGE+XAO también ofrece una gama completa de software para la simulación funcional de las instalaciones eléctricas. IGE+XAO tiene cerca de 390 empleados distribuidos en 33 sedes en 22 países y más de 88.600 licencias vendidas en todo el mundo. IGE+XAO es una referencia en su sector a nivel mundial.
Para más información, visite nuestra web: http://www.ige-xao.es


CONTACTOS IGE+XAO :
IGE+XAO Ibérica, PAE Neisa Sur – Avd. Andalucía Km. 10,5 - 28021 Madrid - España Teléfono: +34 917 979 071 - Fax: +34 915 053 468
Website: www.ige-xao.es
Grupo IGE+XAO :Contacto Analistas / inversores: Alain di Crescenzo (PDG): + 33 (0) 5 62 74 36 36
Contacto Prensa: Rozenn Destouches: +33 (0) 5 62 74 36 02