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2004/2005 half-year consolidated accounts

During the first half of 2004/2005, IGE+XAO continued its expansion with a € 9,251 K turnover compared to a € 8,315 K turnover in 2003/2004, that is, a growth of 11%.


The period is characterized by the good level of the operating income that increased by 9% compared to 2003/2004, as well as the control over costs enabling the Group to lessen the impact of the reinforcement of its resources. Actually, the average headcount was 332 employees at January 31st, 2005 compared to 266 one year ago, that is a 25% increase. This strong evolution, which mainly affects the R&D and Solutions activities, clearly reflects the strategy of the Group, aiming at speeding up the launch of innovating offers that will bring IGE+XAO a decisive competitive advantage.


On January 31st, 2005, the Group net income amounted to € 665 K, a 7% increase when compared to 2003/2004. This performance is all the more noticeable since, on the one hand, the 2003/2004 first half period had been exceptional with a net income amounted to € 620 K compared to € 462 K one year earlier and, on the other hand, the USD exchange rate strongly impacts the financial loss.


At the same time, the Group is able to consolidate its financial situation with a shareholder's equity of € 9,472 K (+15%), financial debts of € 201 K and a strong cash flow over € 9,400 K.


During the fiscal, IGE+XAO reassure that their budget plan is correct and expect an increase in turnover and profitability over 8%.

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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