2001/2002 half year consolidated accounts

Even in this rather tense economic context, IGE+XAO's results for the 1st semester have surpassed expectations, due to a strong increase in business and a net income of 419 K€, which represents 6% of its sales figure. Indeed, because of unfavorable conditions during the first semester, the Group had estimated that its net profits would be in the order of 4%. This strong performance is proof of the Group's solid position and clearly shows the quality of its economic model.
This 25 % jump in its operating income is due to a strong increase in sales (+19%) and a firm control over operating expenses, which went up by only 16%.
IGE+XAO took advantage of these factors to review its entire organization while all the while maintaining its profitability objectives. The impact of this reorganization on its results after 6 months was a net expenditure of 110 K€. Please note that without this one time only expense, the Group's net results would have increased by 17% when compared to the 2000/2001 fiscal year.
IGE+XAO has successfully increased its net earnings by 6% to 8% of its sales figure. Finally, due to its estimates and because of the importance of the agreement signed with EADS (more than 3,5 million Euros over 4 years), the effects of which are expected for the end of this fiscal year, IGE+XAO will definitely show a sustained growth for 2002 and 2003.


Over IGE + XAO:

De Group IGE + XAO ontwikkelt, verdeelt en ondersteunt reeds meer dan 31 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 88600 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