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Consolidated turnover for 2012/2013 (in IFRS norms). A successful year

Home News › Consolidated turnover for 2012/2013 (in IFRS norms). A successful year

Toulouse, 12 September 2013, the IGE+XAO Group announces:

Over the 4th quarter of 2012/2013, IGE+XAO’s turnover is a continuation of the preceding quarters with growth amounting to 5,2%, reaching 6,450,901 euros. As such, over the period, the Group had growth in its activities of 5,1% at 24,568,160 euros. In a difficult economic climate, this good change is the result of a successful launch of the new versions of its most widely distributed products – SEE Electrical and SEE Electrical Expert – combined with the good momentum of sales in the countries in Northern Europe and in Asia.

Over the year, the activity of IGE+XAO was particularly dense with the creation of a sales subsidiary in Turkey, the launching of a new SaaS type sales method (Freedom Next) as well as the development of new software versions, that can be marketed right at the beginning of 2014.

With its solid fundamentals and while still retaining its high level of profitability, the Group intends to pursue its development according to two major objectives: commercial conquest and innovation, with respectively, the creation of a subsidiary in Mexico and the continuation of its efforts in terms of research and development which amount to 25% of the turnover over the period.