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Consolidated accounts for 2007/2008 (IRFS norms) - An exceptional year

Toulouse, October 31st 2008 – The IGE+XAO Group announces that:

IGE+XAO has recorded a net profit of 3,298,018 euros compared to 2,415,019 euros during the previous year (+36.6%) and a net margin of 15.3%*. The current operating income has reached 3,398,428 euros, compared to 3,237,271 euros in 2006/2007 (+5%). The operating income has reached 3,899,336 euros, after taking into account exceptional and non recurrent elements for a net amount of 500,908 euros, which includes, in particular, the impact of the positive value gained from the transfer of Anyware Technologies shares.

The Group has strengthened its financial position thanks to 16.6 million euros of equity, almost no bank debt and available cash of more than 13 million euros. These financial performances are all the more impressive, given that they come within the context of sustained investments. Thus, over the period, IGE+XAO has expanded its presence on the international stage with the launch of operations at its Chinese subsidiary, the extension of its foreign distribution network to India, Vietnam and Australia, as well as the creation of a new subsidiary in Tunisia.
At the same time, over the year, the Group has continued its efforts in research and development and particularly with relation to the life cycle of electrical facilities (PLM). These developments have been accompanied by the creation of additional recruitments, both in France and abroad, and led to the signature of a major contract with the Airbus on the fourth quarter. This contract, which amounts to 5 million euros over two years, had no impact on the accounts closed as of July 31st 2008.

Finally, and in accordance with the policy put in place by IGE+XAO, the Board of Directors will propose to the Annual General Meeting the payment of a dividend of €0.26 euro per share compared with €0.22 in 2006/2007.

* Group net result based on 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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