the IGE+XAO Group announces:
Consolidated turnover for 3rd quarter of 2014/2015 (in IFRS norms)
(Period from 1st August 2014 to 30 April 2015).
Turnover up 4%
Or 5.1% at a constant standard
Over the first 9 months of the 2014/2015 financial period, IGE+XAO Group has turnover of 20,130,649euros, up 4.0% compared to the previous year.This increase in activity would have been 5.1% before application of IFRS 11 which resulted in the deconsolidation of EHMS and S2E Consulting, without generating any modification in the percentage of holding, or any change within the governance of the Group in these two companies.The third quarter amounted to 6,962,248 euros, up 2.6%, or 3.1% at a constant standard.
Over the same period, continuing with its expansion abroad, the IGE+XAO Group has added a location in South America, with the launching of its Brazilian subsidiary I.G.E.+X.A.O. DO BRASIL, located near Sao Jose dos Campos in the state of Sao Paulo. The mission of this new company is to distribute the Group’s software and is intended to be a PLM Electrique centre of excellence (management of the life cycle of electrical facilities) for the Americas. I.G.E.+X.A.O. DO BRASIL will among other things have to handle the sharp increase in the needs of the aeronautical market with major references who have chosen the Group’s PLM Electrique software.
In parallel, from a financial standpoint, the Group is solidly structured with, at 31 January 2015, equity of 30 million euros, almost no bank debt and a cash flow of over 28 million euros.