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2004/2005 half-year consolidated accounts

During the first half of 2004/2005, IGE+XAO continued its expansion with a € 9,251 K turnover compared to a € 8,315 K turnover in 2003/2004, that is, a growth of 11%.


The period is characterized by the good level of the operating income that increased by 9% compared to 2003/2004, as well as the control over costs enabling the Group to lessen the impact of the reinforcement of its resources. Actually, the average headcount was 332 employees at January 31st, 2005 compared to 266 one year ago, that is a 25% increase. This strong evolution, which mainly affects the R&D and Solutions activities, clearly reflects the strategy of the Group, aiming at speeding up the launch of innovating offers that will bring IGE+XAO a decisive competitive advantage.


On January 31st, 2005, the Group net income amounted to € 665 K, a 7% increase when compared to 2003/2004. This performance is all the more noticeable since, on the one hand, the 2003/2004 first half period had been exceptional with a net income amounted to € 620 K compared to € 462 K one year earlier and, on the other hand, the USD exchange rate strongly impacts the financial loss.


At the same time, the Group is able to consolidate its financial situation with a shareholder's equity of € 9,472 K (+15%), financial debts of € 201 K and a strong cash flow over € 9,400 K.


During the fiscal, IGE+XAO reassure that their budget plan is correct and expect an increase in turnover and profitability over 8%.

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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