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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