Toulouse, June 15th 2010, the IGE+XAO Group announces:
Consolidated Turnover for the third quarter (in IFRS norms)
Growth in the 3rd quarter
Despite difficult economic conditions in 2009/2010, marked by significant business slowdowns on the electrical equipment and CAD software markets, the 3rd quarter turnover of IGE+XAO increased by +0.8% to €5,525,177. This favourable trend is attributable to the diversification strategy in terms of clientele and territory (22 sites across 16 countries), enabling the Group to benefit from good international dynamics.
Over the financial year, IGE+XAO will be pushing ahead with its route plan aimed at optimising its cost structure while preserving its innovation capacity and market conquest potential. IGE+XAO will be launching major new versions of its leading electrical design software at the beginning of 2011. These new products will supplement the SaaS (Software as a Service) and Building offers dedicated to small and medium-size businesses as well as the Electrical PLM offer aimed at the aeronautic and automotive markets.
Moreover, the company has a solid economic model: on 31 January 2010, its operating profitability was 19.4% and its available cash amounted to over €13 million. In that context and on the strength of those solid fundamentals, the Group remains focused on the pursuit of its route plan targeting the opening of new markets, while preserving the Group’s high profitability.