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2001/2002 half year consolidated accounts

Even in this rather tense economic context, IGE+XAO's results for the 1st semester have surpassed expectations, due to a strong increase in business and a net income of 419 K€, which represents 6% of its sales figure. Indeed, because of unfavorable conditions during the first semester, the Group had estimated that its net profits would be in the order of 4%. This strong performance is proof of the Group's solid position and clearly shows the quality of its economic model.
This 25 % jump in its operating income is due to a strong increase in sales (+19%) and a firm control over operating expenses, which went up by only 16%.
IGE+XAO took advantage of these factors to review its entire organization while all the while maintaining its profitability objectives. The impact of this reorganization on its results after 6 months was a net expenditure of 110 K€. Please note that without this one time only expense, the Group's net results would have increased by 17% when compared to the 2000/2001 fiscal year.
IGE+XAO has successfully increased its net earnings by 6% to 8% of its sales figure. Finally, due to its estimates and because of the importance of the agreement signed with EADS (more than 3,5 million Euros over 4 years), the effects of which are expected for the end of this fiscal year, IGE+XAO will definitely show a sustained growth for 2002 and 2003.

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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