Toulouse, IGE+XAO Group announces:
Consolidated turnover for 1st quarter 2021 (in IFRS norms).
(Period from 1 January 2021 to 31 March 2021).
Over the 1st quarter of 2021, consolidated turnover for IGE+XAO is 8,815,708 euros, up 6.5% compared to 2020. After a year marked by the Covid-19 health crisis, perpetual licence sales and training services showed renewed growth while subscription sales continue the acceleration that started in 2020 with an increase of over 18%.
Over the period, the Group launched two new versions of its SEE Electrical Expert software, the Group’s flagship software for designing electrical installations and SEE Electrical 3D Panel+, dedicated to designing and manufacturing in 3D all types of electrical cabinets.
From a financial standpoint, the Group has a solid structure with, at 31 December 2020, an equity of 49 million euros, no bank debt and a cash flow of over 49 million euros. Moreover, the Combined Annual General Meeting of 26 April 2021 decided to allocate the results for the 2020 financial period to the retained earnings account and to not distribute any dividends.