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Consolidated accounts for 2013/2014 (in IFRS norms) : Crossing of the upper threshold of 25% for operational profitability

 

The IGE+XAO Group announces:

Consolidated accounts for 2013/2014 (in IFRS norms)*

Crossing of the upper threshold of 25% for operational profitability**

 

IGE XAO consolidated accounts 2013 2014

 

Over the 2013/2014 financial period, consolidated turnover for the IGE+XAO Group amounted to 26,260,418 euros, up 6.9%. Commercial activity in particular benefited from the strong momentum in its major accounts activity in France as well as abroad and also from the contribution of the two external growth operations conducted over the period. IGE+XAO as such acquired 51% of the shares of software distribution company IGE+XAO Nordic A/S and 80% of Prosyst SAS, specialised in developing software packages and services for designing, simulating, diagnostics and performance of industrial processes, complementary to those offered by IGE+XAO.

Over the same period, the Group's operating income, up 11.6%, amounted to 6,602,722 euros and the operating margin** has crossed the 25% line compared to 24% one year earlier. This favourable change is the result of the growth in activity as well as good control of operating expenses, in particular in a period of company mergers. Net income stands at 5,071,106 euros compared to 4,603,863 euros one year ago, up 10.1%, resulting in a net margin** of 19.3% (compared to 18.7% over the previous period).

Over the new period and backed with its solid fundamentals, the Group is planning to extend its international coverage by opening a representative office in Russia and a subsidiary in Brazil. In parallel, new offerings integrating the Prosyst software range will be launched in the market at the beginning of 2015. This proactive action plan will be carried out by preserving the high level of profitability.

*   The consolidated financial statements were approved by the Board of Directors on 22 October 2014 and will be submitted for approval to the Annual Shareholders' Meeting.

**   Operating margin: operating income / turnover

*** Net margin: net income / turnover

 

 

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О Компании IGE+XAO:

Более 30 лет, Группа компаний IGE+XAO hявляется разработчиком, издателем и обеспечивает техническую поддержку ряда программных продуктов в сфере Компьютерного Проектирования (CAD) и Упраления Циклом Разработки (PLM). Это программное обеспечение было создано для разработки и обслуживания электрической части любого электрооборудования, схем или электросетей. Такой тип программного обеспечения CAD/PLM/Simulation называется "Electrical CAD/PLM/Simulation" (Электрический CAD/PLM/Simulation). IGE+XAO предлагает полный спектр программных приложений на рынке "Electrical CAD/PLM/Simulation" обеспечивающих потребность всех отраслей промышленности. Количество сотрудников 390 человек по всему миру, 32 офисов в 21 странах, активировано 86,000 лицензий. IGE+XAO является лидером в своей области. Дополнительная информация на сайте: http://www.ige-xao.com

IGE+XAO Contacts:
Analysts/ Investors: Alain Di Crescenzo (Chairman of the Group): +33 (0)5 62 74 36 36
IGE+XAO Group, 16 boulevard Deodat de Severac - CS 90 312 - 31 773 COLOMIERS CEDEX
Phone: +33 (0)5 62 74 36 36 - Fax : +33 (0)5 62 74 36 37
Site Web: www.ige-xao.com
Listed on Euronext Paris- NYSE Euronext - Indice CAC Mid & Small® - ISIN FR 0000030827

Press Contact:
Christian Colin : +33 (0) 5 62 74 36 36