Consolidated accounts first half 2016/2017

Toulouse, IGE+XAO Group announces:

Consolidated accounts for the first half 2016/2017 (in IFRS norms).

(Period from 1st August 2016 to 31st January 2017).

                          

 

Operating margin: 26.6%

 

 

 170131 Conso Euro Comp Site 170329 Tableau ANG

 

Over the first half of the 2016/2017 financial period, consolidated turnover for the IGE+XAO Group is 13,847,032 euros compared to 13,443,657 euros in 2015/2016, up 3%.

 

The growth in the activity along with good control of expenses leads to operating income of 3,677,467 euros, comparable to that for the previous period, while the latter had benefited from a research tax credit adjustment following an accreditation of an R&D site of the Group.

Net income, that stands at 2,781,023 euros, is impacted by the rise of corporate income tax that changed by 12%, trend explained by the 8.8% increase in income before tax, excluding the effect of research credit tax as mentioned above.

From a profitability standpoint, the operating* and net** margins respectively reached 26.6% and 19.9% compared to 26.1% and 19.5% at 31st July 2016.

 

From a financial standpoint, the Group is consolidating its structure with, at 31st January 2017, equity of 32 million euros, almost no bank debt and a cash flow of over 30 million euros, which takes the purchase on 30th November 2016 into account of 63,403 IGE+XAO shares, for an amount of 5,382,915 euros placed as own shares.

 

Backed with these results and its solid fundamentals, the IGE+XAO Group intends to continue its action plan focusing on accelerating international development and maintaining strong investment in R&D, while still preserving a high level of profitability.

 

 

* operating income in terms of turnover

** net income in terms of turnover

Note: The half-year financial statements closed out at 31 January 2017 underwent a limited review by the auditors of IGE+XAO and were approved by the Board of Directors on 28 March 2017. 


 

 

 

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关于IGE+XAO集团:

30 年来,IGE+XAO集团从事一系列CAD(计算机辅助设计)软件的设计、生产、销售和维护。这些电气CAD软件用于帮助生产商设计和维护所有生产过程的电气部分。IGE+XAO已建成了一整套的电气CAD软件程序,可应用于所有工业领域。IGE+XAO集团拥有390多名员工,遍布21个国家的32个分公司。在全世界售出86,000多个许可,成为了行业内的典范。
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