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2002/2003 Annual financial report

In a difficult economic climate, IGE+XAO continued its expansion during the financial 2002/2003 year with an increase in turnover of 4.5% (+6% at a constant exchange rate). This performance is particularly notable in the International market, the main target of the Group, where the business grew by 14% over the period (+19% at a constant exchange rate)

The consolidated operating income increased by 18% thanks to the increase in turnover and to the firm control over costs which have gone up by only 3% when compared to 2001/2002.
These performances enable the Group to improve its profitability indicators and in particular the operating margin and the net margin which are 14.5% and 7.6% respectively.
At the same time, the Group has strengthened its financial position with cash flow of € 4,831K and shareholders' equity of € 7,845K, increasing by 9.5% and 14% respectively. Its financial capability enables the Group to achieve its objectives and exploit internal or external development opportunities.
Furthermore and in line with the management of the Group, the Board of Directors will propose to the Annual General Meeting of shareholders a distribution of dividend amounting to € 280,000 (a tax credit must be added.).

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Over IGE + XAO:

De Group IGE + XAO ontwikkelt, verdeelt en ondersteunt reeds meer dan 30 jaar software voor elektrotechnisch ontwerpen, toegespitst op 3 marktsegmenten: Industrieel elektrotechnisch ontwerpen, residentieel elektrotechnisch ontwerpen alsook software voor Harness-design (kabelbomen). IGE + XAO is sinds 1997 beursgenoteerd (Euronext Paris – NYSE Euronext). De Group IGE + XAO heeft meer dan 390 medewerkers wereldwijd, verspreid over 32 vestigingen in 21 landen. Met meer dan 86 000 verkochte licenties is IGE + XAO een referentie in zijn vakgebied. Voor meer informatie bezoek ons op http://www.ige-xao.com, of http://www.ige-xao.nl

Contacteer IGE+XAO Group:
Investment Relations Alain Di Crescenzo (CEO) : +33 (0)5 62 74 36 36
Press: Christian Colin:  +33 (0)5 62 74 36 36
IGE+XAO Group, 16 boulevard Deodat de Severac - CS 90 312 - 31 773 COLOMIERS CEDEX
Telefoon Algemeen:   +33 (0)5 62 74 36 36  - Fax : +33 (0)5 62 74 36 37 – http://www.ige-xao.com