Turnover for the third quarter of 2001/2002

Even in this tense economic context, IGE+XAO shows a 16% growth in sales after the first nine months of its fiscal year. This strong increase is in keeping with the Group's objectives. The Group anticipates a 13 to 15% growth for the full 2001/2002 fiscal year.

As for its cost effectiveness, due to the Group's sustained business activities during the third quarter, and because there was practically no rise in costs, the Group's net profits increased, after having already reached 419 000 Euros after 6 months. Furthermore, IGE+XAO has a solid financial structure, has more than 4,5 million Euros at its disposal, very little debt (0,5 million Euros) and close to 1 million Euros in cashflow (evaluated over a nine month period), i.e. a very favorable net debt – financing from cashflow ratio.

Other than these achievements, the Group's third quarter was particularly lucrative due to the launch of its new high end software (See Electrical Expert) on one hand, and the signature of the EADS contract on the other hand, which represents more than 3,5 million Euros over four years.

IGE+XAO will attain its growth and net profit objectives (between 6% and 8% of sales) for the fiscal year. Finally, because of its estimates and the scope of the agreement signed with EADS, the Group will show definite sustained growth for 2002 and 2003.

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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