Winkelwagen
is leeg
livemarks Facebook Twitter Youtube Linkedin

Turnover for first quarter of 2009/2010 (in IFRS norms)

Toulouse, December 15th 2009. The IGE+XAO Group announces:



Turnover almost stable in a very tough international context



In a struggling international economic context, with the Computer-Assisted Design market facing substantial drops in business, IGE+XAO posted a turnover of €4,735,624 for the 1st quarter. This figure is slightly down by 1.9% at a constant exchange rate (2.6% at real exchange rate) as compared with the 1st quarter of the previous year, which represented the best quarterly performance in 2008/2009 (+7.1%).



Over the period, the solid fundamentals of IGE+XAO (diversified customer portfolio, strong international presence and high profitability), will enable the Group to apply a dynamic action plan, while optimising costs. The Group will therefore launch two major new versions of its most popular software, SEE Electrical Expert V3R7 and SEE Electrical V5R1, internationally. In parallel, IGE+XAO is continuing to deploy its SaaS (Software as a Service) range for SME/SMI. This new mode of commercialisation, which protects recurring medium-term Group income, particularly meets the requirements of companies in the current context, enabling them to control their investment.



In the context of this crisis, the solid financial structure of the Group is a decisive advantage, (on 31 July 2009: 17 million euros in equity, virtually no bank debt and 14.3 million euros in cash and cash equivalent). This asset will allow IGE+XAO to maintain a substantial level of investment while protecting its ability to take up any opportunity for internal or external growth with a view to playing a leading role from the first signs of recovery.



Finally, 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.






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