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Consolidated accounts for 2008/2009 (in IFRS norms)

Toulouse, November 2nd 2009. The IGE+XAO Group announces: Consolidated accounts for 2008/2009 (IFRS norms) Steady business performance and results

Despite the severe global economic downturn, IGE+XAO still posts a turnover of €21,788,488, increasing by 1% in comparison with last year. Steady business performance in the first half of the year alleviated the effects of the software market slowdown in the 4th quarter, when the turnover receded by 6% (5% at the same exchange rates).

During the fiscal year, the IGE+XAO Group improves its operating margin with a current operating income and an operating income up to 1% and 21% respectively. This favorable trend is attributable to the Group's efficient business model as well as its ability to control costs. Financial income amounts to €400,583 in comparison with €1,134,693 a year earlier due to the exceptional capital gain on the sale of the Group's 11% stake in Anyware Technologies. The net income which neither includes the capital gain in comparison with last year amounts to €2,740,330 corresponding to a net margin rate of 12.6%.

Moreover, the solid fundamentals of IGE+XAO – a diversified customer portfolio, high profitability and net cash of €14 M – will enable the Group to continue its development on its new markets, despite the crisis.

In keeping with the policy set forth by the IGE+XAO Group, at the Annual General Meeting the Board of Directors will propose the distribution of a gross dividend of €0.43 per share.

** Net margin : net result / 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