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Consolidated Accounts for the first half 2013/2014 (in IFRS norms). (Period from 1 August 2013 to 31 January 2014).

 

Toulouse, 27 March 2014, IGE+XAO Group announces:
Consolidated Accounts for the first half 2013/2014 (in IFRS norms).
(Period from 1 August 2013 to 31 January 2014).

 

A good first half of 2013/2014
Turnover: +6.4%
Operating income: +15.2%
Operating margin : 27.6%

Accounts s1 2013 2014 EN


Over the first half of the 2013/2014 financial period, consolidated turnover for the IGE+XAO Group is up 6.4%, amounting to 12,570,465 euros compared to 11,812,132 euros one year earlier. Commercial activity benefited from good momentum in the Major Accounts activity, in France as well as abroad. From a technical standpoint, the period was dense with the release of the new version V7R2 of SEE Electrical (electrical Computer Aided Design software for the SME-SMI market) and the launching of SEE Web Catalogue, a new service that allows electrical equipment catalogues to be downloaded and used directly in IGE+XAO software.

The favourable change in turnover was accompanied by good control of operating expenses (+2.6%), resulting in a sharp progression in the Group's profitability. As such, operating income reached 3,473,485 euros, up sharply (+16.5%) compared to the first half of 2012/2013, while net income amounted to 2,568,713 euros, which is growth of 13.5%. Finally, the company's profitability ratios are increasing substantially with an operating margin* that has gained 2.4 points, reaching 27.6% and a net margin** that has crossed the 20% line, now at 20.4%.

From a financial standpoint, IGE+XAO has improved its structure with, at 31 January 2014, equity of 26 million euros, almost no bank debt and a cash flow of nearly 26 million euros.

Backed with its results and its solid fundamentals, the Group, while still preserving its high level of profitability, intends to pursue its development by combining sustainable organic growth with opportunities for external growth.

* operating income in terms of turnover
* net income in terms of turnover

Note: The half-year financial statements closed out at 31 January 2014 underwent a limited review by the auditors of IGE+XAO and were approved by the Board of Directors on 24 March 2014. 



Event

On the occasion of the Hanover Trade Fair from 7 to 11 April 2014, an international fair dedicated to industry, IGE+XAO and all of its subsidiaries will present the Group's new products and services on over 160 m2 (Hall 7 – Stand F12).



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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