Toulouse, on 14 June 2016, the IGE+XAO Group announces:
Consolidated turnover for 3rd quarter 2015/2016 (in IFRS norms)
(Period from 1st August 2015 to 30 April 2016).
Turnover for the 3rd quarter up 3.1%
Over the 3rd quarter of 2015/2016, consolidated turnover for the IGE+XAO Group is 7,175,208 euros, up 3.1% compared to the previous financial period. This increase in activity, solely organic, was particularly substantial internationally.
Over the first 9 months of the financial period, the Group as such had growth of 2.4% compared to the previous year.
From a commercial standpoint, the period was dense with in particular strong momentum internationally in licence sales which is reflected in double-digit growth in many countries. In addition, the Group has launched several actions ailed at reinforcing its presence in Asia.
From a technical standpoint, IGE+XAO and Prosyst have finalised the integration of their flagship software products, respectively SEE Electrical Expert and ODIL (automated system design software workshop) and SIMAC (operative part simulator).
Finally, IGE+XAO continued to improve its financial performance. At 31 January 2016, the Group's equity reached 34 million euros, there was practically no bank debt and cash flow was over 31 million euros.