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2002/2003 half-year consolidated accounts

In a difficult economic climate, IGE+XAO continued its expansion during the first half of 2002/2003 with an increase in turnover of 5% and a consolidated net result resting at € 526 K against € 442K for 2001/2002, representing growth of 19%. This performance is particularly notable in the International market, the main target of the Group, where the business grew by 13% in the period.


Apart from the increase in turnover, the sharp increase in gross trading profit (up 15%) is explained by the firm control over costs which have gone up by only 3% when compared to 2001/2002 (costs net of the reimbursement of some of the operating costs).


At the same time, the Group is able to consolidate its financial situation with a cash flow of € 4,434K and a shareholder's equity of € 7,090K, with a respective increase of 18% and 15%, after taking into account the impact of the reclassification of shares on July 31st 2002 (€ 731K). Furthermore IGE+XAO benefits from a low level of indebtedness , which adds up to less than 5% of the shareholder's equity.


During the fiscal, IGE+XAO are reassured that their budget plan is correct and anticipate a net profit of between 7% and 9% of turnover.

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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