Consolidated turnover for 2015/2016 first quarter : Strong momentum

Home News › Consolidated turnover for 2015/2016 first quarter : Strong momentum

Toulouse, the IGE+XAO Group announces:

Consolidated turnover for 1st quarter 2015/2016 (in IFRS norms)

(Period from 1st August 2015 to 31 October 2015).

                          

Strong momentum

 

 

Over the first quarter 2015/2016, IGE+XAO has consolidated turnover of 6,203,669 euros compared to 5,996,736 euros in 2014/2015, which is an increase of 3.5%. Commercial activity benefited from strong momentum internationally and good resistance of the market in France.  

 

In parallel, the beginning of this financial period was marked by the creation of a commercial office in Moscow and by the operational launchings of Brazilian and Belgian commercial subsidiaries, both created at the end of the previous financial period. 

 

From a financial standpoint, the 2014/2015 financial statements, published in October, confirm the quality of the IGE+XAO’s economic model with in particular operational profitability and net profitability at 25% and 19%, respectively.

 

In this context, and while still retaining its high level of profitability, the Group is planning to continue its proactive strategy revolving around two main pillars: innovation with an amount for R&D representing 26% of turnover and expansion abroad, with already 32 locations in 21 countries.

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