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Turnover for the half year of 2003/2004

Having completed a successful 2002/2003 fiscal year, IGE+XAO continued to make good progress in the second quarter of 2003/2004 with an increase in turnover of 10.3%. In the international market, the main target of the group, IGE+XAO has posted a high growth rate, up 22.5%. In France, where IGE+XAO holds more than 60% of the market, the business has increased by 3.6%. The total turnover for the first half of the financial year has risen by 8.3% (+18% in the international market).


In addition to the increase in turnover, the start of the financial year has been marked by noticeable events, notably the signing of a partnership with Dassault Systems and the launch of the first integrated solution for the CATIA V5, and furthermore the announcement of a project from Boeing worth US$ 5 millions over the next three years.


Over the fiscal year, IGE+XAO has put up its forecast for organic growth which should now be between 6% and 10%, with a net margin in excess of 8% 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