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2013/2014 Annual financial report

 

Over the 2013/2014 financial period, consolidated turnover for the IGE+XAO Group amounted to 26,260,418 euros, up 6.9%. Commercial activity in particular benefited from the strong momentum in its major accounts activity in France as well as abroad and also from the contribution of the two external growth operations conducted over the period. IGE+XAO as such acquired 51% of the shares of software distribution company IGE+XAO Nordic A/S and 80% of Prosyst SAS, specialised in developing software packages and services for designing, simulating, diagnostics and performance of industrial processes, complementary to those offered by IGE+XAO.

Over the same period, the Group's operating income, up 11.6%, amounted to 6,602,722 euros and the operating margin** has crossed the 25% line compared to 24% one year earlier. This favourable change is the result of the growth in activity as well as good control of operating expenses, in particular in a period of company mergers. Net income stands at 5,071,106 euros compared to 4,603,863 euros one year ago, up 10.1%, resulting in a net margin** of 19.3% (compared to 18.7% over the previous period).

Over the new period and backed with its solid fundamentals, the Group is planning to extend its international coverage by opening a representative office in Russia and a subsidiary in Brazil. In parallel, new offerings integrating the Prosyst software range will be launched in the market at the beginning of 2015. This proactive action plan will be carried out by preserving the high level of profitability.

 

*   The consolidated financial statements were approved by the Board of Directors on 22 October 2014 and will be submitted for approval to the Annual Shareholders' Meeting.

**   Operating margin: operating income / turnover

*** Net margin: net income / turnover

 

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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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