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2014/2015 Consolidated Accounts

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The IGE+XAO Group announces:

Consolidated accounts for 2014/2015 (in IFRS norms)*

A dynamic year

Operational profitability: 25%

Over the 2014/2015 financial period, consolidated turnover for the Group amounted to €27,337,110 compared to €26,260,418 one year earlier.

Current operating income, up 4.1%, amounts to €6,831,949 resulting in 25% for operational profitability**. Net income stands at €5,289,604, up 4.3% and brings net profitability*** to 19.3%.

In addition to these results, IGE+XAO had a very dense year with:

*  the operational consolidation of IGE+XAO Nordic and Prosyst, acquired respectively in October 2013 and April 2014,

*  the creation of two new commercial subsidiaries in Brazil and Belgium,

*  the distribution of new versions of its flagship software,

*  and the launching of its internet portal dedicated to downloading electrical equipment catalogues.

Over the current financial period, backed with these solid results and its financial capacity, 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.

*   The consolidated financial statements were approved by the Board of Directors on 21 October 2015 and will be submitted for approval to the Annual Shareholders’ Meeting.

**   Operational profitability: operating income / turnover

*** Net profitability: net income / turnover