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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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Circa IGE+XAO:

Da oltre 30 anni, il Gruppo IGE+XAO è un editore di software che crea, produce, vende e garantisce la manutenzione di una serie di software per il Computer Aided Design (CAD), Product Lifecycle Management (PLM) e Simulazione, dedicata alla elettricità. Questi prodotti software sono stati progettati per aiutare le aziende nella progettazione e manutenzione della parte elettrica di ogni tipo di installazione. Questo tipo di CAD/PLM/Simulazione si chiama "CAD/PLM/Simulazione Elettrica". IGE+XAO impiega 390 persone in tutto il mondo su 32 sedi in 21 paesi, e ha 86.000 licenze. IGE+XAO è un punto di riferimento nel suo settore. Per ulteriori informazioni, http://www.ige-xao.com

PER ULTERIORI INFORMAZIONI:

IGE-XAO SRL
Via Canovine, 46 24126 - BERGAMO
Tel: 035 4596167
Fax: 035 4243793
Contatto: info@ige-xao.it

 

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