Toulouse, IGE+XAO Group announces:
Consolidated turnover for 3rd quarter 2020 (in IFRS norms).
(Period from 1 January 2020 to 30 September 2020).
Over the 3rd quarter of 2020, consolidated turnover for IGE+XAO is 8,091,147 euros, a level which is comparable to that of the previous financial period (-0.5%). In a context that is still highly marked by the health crisis, this good trend is mainly the result of the momentum in Major Accounts combined with good resistance in SME/SMI activities although the sales model via subscriptions is accelerating. Over the first nine months, turnover reached 23,936,609 euros.
From an R&D and product standpoint, and despite the Covid19 crisis, substantial efforts continue to be deployed on the integration of new technologies, in particular concerning the Cloud and 3D modelling. In parallel, the Group is preparing the launching of major versions of its flagship software, SEE Electrical and SEE Electrical Expert.
While remaining attentive to the changes in the economic and health situation, IGE+XAO, backed with its results and its solid fundamentals, intends to continue its market plan focussing on accelerating international development, strong R&D investment et a high level of profitability.