Toulouse, IGE+XAO Group announces
Consolidated turnover for the third quarter of 2013/2014 (in IFRS norms).
(Period from1 August 2013 to 30 April 2014).
Turnover up 7.6%
Over the first 9 months of the 2013/2014 financial period, IGE+XAO Group has turnover of 19,357,464 euros, up 6.8% compared to the previous year. The third quarter reached 6,786,999 euros, up 7.6%, with the momentum in activities stemming from IGE+XAO's recent acquisitions.
Indeed, since the beginning of the financial period, IGE+XAO has conducted two external growth operations with on the one hand the acquisition, at the end of September 2013, of 51% of the shares of software distribution company IGE+XAO Danmark A/S, which became IGE+XAO Nordic A/S and on the other hand, the acquisition, at the end of March 2014, of 80% of Prosyst SAS, specialised in developing software packages and services for designing, simulating, diagnostics and performance of industrial processes (machines, lines and production workshops).
From a product standpoint, the period was marked by the release of the new version V7R2 of the SEE Electrical software (electrical Computer Aided Design software for the SME-SMI market) and the launching of SEE Web Catalogue, a new service that allows electrical equipment catalogues to be downloaded and used directly in IGE+XAO software.
With its solid fundamentals and while still retaining its high level of profitability, the Group is planning to accelerate in the upcoming months the opening of new international locations, in particular in Eastern Europe and South America.