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Turnover for the first quarter of 2001/2002

After having reached record numbers for the 2000-2001 fiscal period, IGE+XAO have given a repeat performance for the 2001-2002 first quarter, with consolidated sales figures close to 21 million French Francs. Indeed, the business activity, which has increased by 20% when compared to the 2000-2001 fiscal period, is far superior to expectations, which were in the order of 13% to 15%. The increase in France was by 2%, where IGE + XAO controls about 70% of the market, and 92% (more than 30% on a comparable basis) internationally, the latter being the Group's main business target.
The rate of increase for the first quarter of 2001-2002 is all the more remarkable because the deal signed in October with the "Directions des Constructions Navales" (close to 7 million Francs over 3 years), had no impact on this fiscal period.
This excellent international performance, associated to an important client base now made up of more than 34 000 seats around the world, fully illustrates that the Group's strategy is to become an international standard, such as the Group is already in France and other European countries.
Furthermore, IGE + XAO reminds you that for the fiscal period ending on July 31st 2001, the Board of Directors, during their General Assembly, will suggest a dividend distribution along with a tax credit, the amount of those dividends being 1 754 000 Francs.

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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