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2004/2005 consolidated accounts - Sustained growth and strong profitability

Toulouse - October 28th, 2005 – The IGE+XAO Group announces:

IGE+XAO shows increased growth of 10% during fiscal 2004/2005, when compared to the previous fiscal, with a turnover of € 19,010,851.

With regard to the profits forecast, the company's performance shows a remarkable increase of 10% to € 2,629,947 leading to consolidated results of € 1,762,331 , an increase of 16%. The consolidated net income increases by 12.3% to € 1,612,825 . Furthermore, the net margin has improved to reach 8.5% of turnover, thus exceeding the 8% objective announced by Group directors.

At the same time, the Group has strengthened its financial position with a net cash flow of
€ 9,672,416 (€ 7,740,084 in 2003/2004) and shareholders' equity of € 10,422,512 (€ 9,006,354 in 2003/2004). This financial strength enables the Group to achieve its objectives and make full use of both internal and external development opportunities.

Apart from the financial data, fiscal 2004/2005 has been particularly active with the signing of a contract for more than € 1.5 million over a two-year period with the Group Eurocopter. At the same time, IGE+XAO has entered into several major partnerships notably with Weidmüller and with Moeller Electric. The first aims to integrate Weidmüller's wiring materials in IGE+XAO software and to permit business synergies. The second is in the supplying by IXE+XAO of a software programme for the drawing of electrical circuits destined for the clients of Moeller Electric.

In line with the management of the Group, the Board of Directors will propose to the Annual General Meeting of shareholders a dividend distribution of € 315,720 against € 298,180 in 2003/2004.

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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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