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Turnover for the half year of 2004/2005

Consolidated turnover up 11%

IGE+XAO posts strong growth during the first half of 2004/2005 with a turnover of € 9,251,327 up 11% compared with last year. Thus, in the first six months, the Group achieves above its best anticipated growth rate.

Fiscal 2004/2005 has been particularly active with the signature of an agreement with the group Eurocopter for more than € 1,5 M over a period of 2 years, the purchase of all the shares of Danish CAE Development and the signature of a strategic partnership with the Spanish company Softelec Gestión y Servicios Informáticos.

On the research and development level, IGE+XAO forecasts greatly increased activity with the launch of new products in its three target markets of harness design, production and building.

On a financial level, the objective of IGE+XAO Group is to follow its business plan which envisages growth in both turnover and profitability, with a net margin forecast to be over 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