CIMdata PLM Industry Summary Online Archive
31 March 2009
Financial News
The IGE+XAO Group Announces:Consolidated Accounts for the first half 2008/2009 (in IFRS norms)
A good first half
In Euros |
January 31st 2009 (6 months) |
January 31st 2008 (6 months) |
Change |
Turnover |
10,964,826 |
10,465,904 |
+4.8% |
Current operating income |
1,845,691 |
1,628,808 |
+13.3% |
Operating income |
1,845,691 |
1 187 915 |
+55.4% |
Financial income Positive value gained from the sale of Anyware holding |
245,408 |
1,197,841 1,134,693 |
N/S -- |
Net income - Group |
1,486,433 |
1,787,068 |
(16.8%) |
In the first half of 2008/2009, IGE+XAO reports a 4.8% growth in turnover, with the figure of 10,964,826 euros as compared to 10,465,904 euros the previous year. The growth is all the more impressive as it was achieved in a tight economic situation and, in addition, the contribution from contracts for the Group's PLM offer (Product Life-cycle Management) dedicated to Electrical Engineering, so far has remained stable from one year to the next.
In addition to business activity, current operating income and operating income have increased significantly, being up by 13.3% and 55.4% respectively. The change in net income does not reflect the Company's performance when taking into account the positive value of €1,134,693 posted last year when the Company sold its 11% holding in Anyware Technologies. Profitability ratios have achieved very impressive levels, showing a 13.6% net margin* and a 16.8% operating margin**.
On the financial side, IGE+XAO has a solid basis, having, at January 31, 2009, 16.5 million euros of equity capital, almost zero bank debt, and available cash of over 13 million euros.
In this current fiscal year, the IGE+XAO Group intends to continue with its strategic plan, whilst however paying a careful attention to the preservation of a high profitability level.
* Group net income / turnover
** Operating income / turnover
For over 22 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. With more than 56,600 licenses sold throughout the world, the IGE+XAO Group has about 355 employees spread out in 22 locations and 15 countries.
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