CIMdata PLM Industry Summary Online Archive
13 June 2008
Financial News
IGE+XAO Turnover in the 3nd Quarter 2007/2008 (in IFRS norms) - Continued Dynamic Expansion 6%
The IGE+XAO Group announced that: For the first nine months of its fiscal year 2007/2008, IGE+XAO posted a turnover of €15,895,048, an increase of 6.1% compared with 2006/2007. During the third quarter, turnover amounted to €5,429,638, up 5.0% on 2006/2007.
At a commercial level, IGE+XAO has continued to work towards international expansion, signing a partnership with the Indian company Orcan. This Faridabad-based company has an extended distribution network, and can thus offer a wide range of products and services for the industrial automation market. At the same time, the Group has enhanced its service range with the launch of its SaaS offer (Software as a Service) SEE Freedom, offering the customer an all-inclusive contract. The new package includes software, training and maintenance, and is based around SEE Electrical, the IGE+XAO Group's software for SMEs and SMIs.
At a financial level, the Group's published accounts for the six months to 31 January 2008 showed strong growth, with a net profit of 1,787,068 euros, up 68.1% on the previous period and representing a net margin of 17%. At the balance-sheet date, IGE+XAO had 15 million euros of equity (up 13.7%) and more than12.3 million euros of available cash.
These excellent results confirm the Group's objectives which simultaneously aim for the increase of the turnover and a high level of profitability.
About IGE+XAO:
For over 21 years, the IGE+XAO Group has been a software publisher designing, producing, selling and ensuring the maintenance of a range of Computer-Aided Design (CAD) software. These Electrical CAD software applications have been designed to help manufacturers design and maintain the electrical section of any installation. IGE+XAO has built a complete range of Electrical CAD software applications designed for all industry fields. IGE+XAO products may either run on a stand-alone computer or be deployed on a network. The IGE+XAO Group has about 340 employees spread out in 21 locations and 14 countries. With more than 48,500 licenses sold throughout the world, IGE+XAO is a reference in its domain. For more information, visit http://www.ige-xao.com
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