Toulouse, IGE+XAO Group announces:
Consolidated accounts for the first half 2015/2016 (in IFRS norms).
(Period from 1 August 2015 to 31 January 2016).
Sharp increase in profitability
Operating margin: +27.4%
Over the first half of the 2015/2016 financial period, consolidated turnover for the IGE+XAO Group is 13,443,657 euros compared to 13,168,401 euros in 2014/2015, exclusively organic growth of 2.1%.
The change in the activity is accompanied by a substantial increase in results with operating profit reaching 3,677,522 euros compared to 3,354,544 euros one year earlier, which is an increase of 9.6%. Likewise, net profit increased 7.8% amounting to 2,853,499 euros.
From a profitability standpoint, IGE+XAO in the first half has had its best performance ever with an operating margin* and net margin** respectively of 27.4% and 21.2%.
This sharp increase can be explained by the combined effects of growth in the activity and other operating income along with good control of operating expenses.
From a financial standpoint, the Group is consolidating its structure with, at 31 January 2016, high profitability, almost no bank debt and a cash flow of over 31 million euros.
Backed with these strong points, IGE+XAO intends to accelerate its market plan, especially internationally, including the opening of new sites in Asia.
* operating income in terms of turnover
** net income in terms of turnover
Note: The half-year financial statements closed out at 31 January 2016 underwent a limited review by the auditors of IGE+XAO and were approved by the Board of Directors on 29 March 2016.