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A well-oriented first half-year

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Toulouse, IGE+XAO Group announces:

Consolidated accounts for the first half 2021 (in IFRS norms).

(Period from 1st January to 30th June 2021).

After a year marked by the Covid-19 health crisis, the Group has returned to growth over the first half-year 2021 and has consolidated turnover of 17.8 million euros compared to 15.8 million euros one year ago, which is an increase of 12.1%. This good dynamic is found, in France as well as abroad, in all of IGE+XAO’s market segments as well as on the various sales methods (licences and subscriptions).     

The acceleration in the activity was accompanied by a change in operating costs which increased 10.7%, showing both the resumption of commercial actions (travel, in-person marketing actions, etc.) and the launching of new recruiting. The operating income and net income for the consolidated whole amount to 5.0 and 3.8 million euros, respectively up 15.2% and 15.1%. Consecutively, the operating margin* stands at 28.0% and net profitability** at 21.0%.

From a financial standpoint, the Group has a solid structure with, at 30 June 2021, almost no bank debt excluding the impact of IFRS 16 and a cash flow of 52.9 million euros.  

Backed with these results and solid fundamentals, and while remaining attentive to the changes in the economic situation, IGE+XAO, a subsidiary of Schneider Electric, intends to pursue its action plan aiming to accelerate its commercial activities and R&D, while still maintaining 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 30 June 2021 underwent a limited review by the auditors of IGE+XAO and were approved by the Board of Directors on 19 July 2021.