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2002/2003 Annual financial report

In a difficult economic climate, IGE+XAO continued its expansion during the financial 2002/2003 year with an increase in turnover of 4.5% (+6% at a constant exchange rate). This performance is particularly notable in the International market, the main target of the Group, where the business grew by 14% over the period (+19% at a constant exchange rate)

The consolidated operating income increased by 18% thanks to the increase in turnover and to the firm control over costs which have gone up by only 3% when compared to 2001/2002.
These performances enable the Group to improve its profitability indicators and in particular the operating margin and the net margin which are 14.5% and 7.6% respectively.
At the same time, the Group has strengthened its financial position with cash flow of € 4,831K and shareholders' equity of € 7,845K, increasing by 9.5% and 14% respectively. Its financial capability enables the Group to achieve its objectives and exploit internal or external development opportunities.
Furthermore and in line with the management of the Group, the Board of Directors will propose to the Annual General Meeting of shareholders a distribution of dividend amounting to € 280,000 (a tax credit must be added.).

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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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