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2001/2002 half year consolidated accounts

Even in this rather tense economic context, IGE+XAO's results for the 1st semester have surpassed expectations, due to a strong increase in business and a net income of 419 K€, which represents 6% of its sales figure. Indeed, because of unfavorable conditions during the first semester, the Group had estimated that its net profits would be in the order of 4%. This strong performance is proof of the Group's solid position and clearly shows the quality of its economic model.
This 25 % jump in its operating income is due to a strong increase in sales (+19%) and a firm control over operating expenses, which went up by only 16%.
IGE+XAO took advantage of these factors to review its entire organization while all the while maintaining its profitability objectives. The impact of this reorganization on its results after 6 months was a net expenditure of 110 K€. Please note that without this one time only expense, the Group's net results would have increased by 17% when compared to the 2000/2001 fiscal year.
IGE+XAO has successfully increased its net earnings by 6% to 8% of its sales figure. Finally, due to its estimates and because of the importance of the agreement signed with EADS (more than 3,5 million Euros over 4 years), the effects of which are expected for the end of this fiscal year, IGE+XAO will definitely show a 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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