Toulouse, 28th October 2011, the IGE+XAO Group announces:
Strong increase in profitability
The IGE+XAO Group recorded consolidated revenues of €22,323,743 in the 2010/2011 financial year, representing an increase of 4,8%.
IGE+XAO significantly increased its profitability over the same period, with a 25,4% rise in operating income. Net income amounted to €3,606,505, compared to €2,999,596 in the previous year. That represents a rise of 20.2% and leads to a net margin** of 16.2%, compared to 14.1% in the previous year. This favourable trend was due to growth in activity, particularly internationally, coupled with an improvement in the Group’s business model.
Finally, on the strength of its good results and solid financial fundamentals, IGE+XAO is confirming its operating plan aimed at opening three new sites abroad and maintaining a significant level of investment in research and development, particularly in relation to its electrical PLM and collaborative engineering solutions. The Group plans to carry out these operations while maintaining its high level of profitability and remaining alert to developments in the economic situation.
* The consolidated financial statements were approved by the Board of Directors on 21 October 2011 and will be submitted for the approval of the Annual General Meeting.
** Net margin: net income in relation to revenues.