Toulouse, the IGE+XAO Group announces:
Consolidated turnover for 2014/2015 (in IFRS norms)
(Period from 1st August 2014 to 31 July 2015).
A dynamic fourth quarter: turnover up 5%
|Turnover for 1st quarter(from 1 August to 31 October)||5,996,736||5,680,147||+ 5.6%|
|Turnover for 2nd quarter(from 1 November to 31 January)||7,171,665||6,890,318||+ 4.1%|
|Turnover for 3rd quarter(from 1 February to 30 April)||6,962,248||6,786,999||+ 2.6%|
|Turnover for 4th quarter(from 1 May to 31 July)||7,246,440||6,902,954||+ 5.0%|
|Turnover 2014/2015(from 1 August to 31 July)||27,377,089||26,260,418||+ 4.3%|
Over the 2014/2015 financial period, the Group has turnover up 4.3%, amounting to 27,377,089 euros compared to 26,260,418 euros one year earlier. This increase in activity would have been5.2% without applying 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.The activity in the fourth quarter contributed fully to this growth with turnover amounting to 7,246,440 euros which is an increase of 5% and 5.4% at a constant standard.
In parallel, the Group continued its expansion abroad over the period elapsed. As such, IGE+XAO created two distribution subsidiaries, one in Brazil in April 2015, located near Sao Jose dos Campos and the other in Belgium, in Brussels, in June 2015.From a technical and commercial standpoint, the year 2014/2015 was also very dynamic with the integration of simulation and diagnostic offers from Prosyst, the distribution of major versions of the Group’s flagship software and the launching of SEE Web Catalogue, an internet portal giving access to the electrical equipment catalogues, which contain more than 700,000 equipment references and is translated into 11 languages.
Backed with its solid fundamentals, the Group intends to continue its action plan combining dynamic innovation and international development, while still preserving a high level of profitability.