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Turnover for the third quarter of 2001/2002

Even in this tense economic context, IGE+XAO shows a 16% growth in sales after the first nine months of its fiscal year. This strong increase is in keeping with the Group's objectives. The Group anticipates a 13 to 15% growth for the full 2001/2002 fiscal year.

As for its cost effectiveness, due to the Group's sustained business activities during the third quarter, and because there was practically no rise in costs, the Group's net profits increased, after having already reached 419 000 Euros after 6 months. Furthermore, IGE+XAO has a solid financial structure, has more than 4,5 million Euros at its disposal, very little debt (0,5 million Euros) and close to 1 million Euros in cashflow (evaluated over a nine month period), i.e. a very favorable net debt – financing from cashflow ratio.

Other than these achievements, the Group's third quarter was particularly lucrative due to the launch of its new high end software (See Electrical Expert) on one hand, and the signature of the EADS contract on the other hand, which represents more than 3,5 million Euros over four years.

IGE+XAO will attain its growth and net profit objectives (between 6% and 8% of sales) for the fiscal year. Finally, because of its estimates and the scope of the agreement signed with EADS, the Group will show definite sustained growth for 2002 and 2003.

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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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