CIMdata PLM Industry Summary Online Archive
12 December 2008
Financial News
IGE+XAO Group Turnover for the first quarter of 2008/2009
The IGE+XAO Group announced the following:
Over the 1st quarter 2008/2009, IGE+XAO showed a 7.1% increase in turnover compared with 5.3% and 2.6% respectively in 2007/2008 and 2006/2007. This increase is all the more significant as it was registered in the context of a tense economic situation.
In trading terms the quarter was marked by the announcement of the signing of a major contract relating to the Group’s Electric PLM (Product Lifecycle Management) solutions, which will have consequences for this financial year and the next.
In research and development, IGE+XAO increased its software design and development abilities with, among other things, the operational launch of two subsidiaries situated in Morocco and Tunisia respectively.
In addition, the Group has strong fundamentals with equity capital of 16.6 million Euros, virtually no bank debt and cash of nearly 13 million Euros at 31 July 2008.
Over the financial year IGE+XAO Group plans to continue its market strategy aimed at increasing turnover while retaining a high level of profitability.
Finally, and in accordance with IGE+XAO policy, the Board of Directors reminds that at the Annual General Meeting on 30 January 2009 it will recommend increasing the payment of dividends to 0.26 € gross per share compared with 0.22 € gross the year before.
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