Toulouse, the IGE+XAO Group announces:
Consolidated turnover for 3rd quarter 2017/2018 (in IFRS norms)
(Period from 1st August 2017 to 30 April 2018).
Growth in turnover for the 3rd quarter: 5%
Over the 3rd quarter of 2017/2018, consolidated turnover for the Group is 7,888,543 euros, up 5% compared to the previous financial period. Over the first nine months and in light of the high level of activity in the 1st half of the year, turnover is up 7.7%, standing at 23,007,083 euros. This good growth can be explained by the momentum with the French activities and the major accounts, both nationally and internationally.
From a Research and Development standpoint, IGE+XAO focused its efforts on the one hand on the future versions of its flagship products SEE Electrical Expert V5, SEE Electrical V8R2 and SEE Electrical PLM, which are scheduled for release for the end of 2018, and on the other hand on the Group’s 3D and web software.
Finally, backed with the quality of its half-year results, the Group is solidly structured with, at 31 January 2018, equity of 30 million euros, almost no bank debt and a cash flow of over 30 million euros. This solid financial situation will allow IGE+XAO, in accordance with its action plan, to continue the acceleration in its development internationally and maintain strong R&D investment while still preserving a high degree of profitability.