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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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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