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Consolidated accounts for 2009/2010 (in IFRS norms)

Toulouse, 29th October 2010.The IGE+XAO Group announces:

Consolidated accounts for 2009/2010 (in IFRS norms)

Good performance and significant increase in net income

Against a difficult economic background in 2009/2010, the IGE+XAO Group posted annual consolidated revenues of €21,306,152, marked by a return to growth in the last two quarters (+0.8% and +1.3% respectively) after a 5.4% drop in the first half year. This business recovery is attributable to the Group's diversification strategy in terms of clientele and good international dynamics.

At the same time, IGE+XAO significantly improved its operating profitability, with current operating income and operating income increasing 14.2% and 15.9% respectively. This favorable trend is the fruit of effective control of operating costs and the improvement of the business model. Those two factors notably enabled the Group to maintain its innovation efforts while optimising costs, and conquer new markets. Net income amounts to €2,999,596 versus €2,740,330 a year earlier, for a net margin rate** of 14.1% versus 12.6% the previous year.

Moreover, IGE+XAO has solid fundamentals with a diversified client portfolio, extensive international presence, as well as high profitability and a net cash position of €17 M. In this context, while remaining vigilant over changes in the economic situation, IGE+XAO intends to maintain a significant level of investment in Research and Development while preserving all of its growth capacities. Thus, for fiscal 2010/2011, the Group is planning the launch of major new versions of its leading software (SEE Electrical, SEE Electrical Expert and SEE Electrical Harness PLM) as well as their marketing in new countries.
** Net margin: net income / revenues






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