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Turnover for the financial year of 2002/2003

Having recorded strong growth in 2001/2002, IGE+XAO followed this progress over the 2002/2003 fiscal year with an increase in turnover of 4.5% (+6% at a constant exchange rate). In the international market, the main target of the Group, IGE+XAO has posted growth of 14% (+19% at a constant exchange rate ). In France, where IGE+XAO holds more than 60% of the market, the business is up to the level of last year. Over the fourth quarter, the turnover of the Group increased by 5.5% with a noticeable growth abroad of 16% .

During the fiscal year, growth is in the upper end of The Group's forecasts, which anticipated an increase in turnover of between 2% and 4%, taking into account the economic climate and excluding any additional acquisitions.
Furthermore and in line with the management of the Group, the Board of Directors will propose a dividend distribution at the next Annual General Meeting.

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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