IGE+XAO 1st Half 08/09 Revenue Up 4.8% to 10.9M Euros
 TOULOUSE,
France, Mar 31, 2009 - 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
ABOUT THE IGE+XAO GROUP
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. The IGE+XAO Group has about 355
employees spread out in 22 locations and 15 countries. With more than 56,600
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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See Also
IGE+XAO website
Electrical Design and Schematics - list by TenLinks.com
Additional News
Dec 15 - IGE+XAO Q1 FY 2009/10 Revenue Slightly Down to 4.7M Euros
Sep 30 - IGE+XAO Ships SEE Electrical Installation Design Suite
Jun 15 - IGE+XAO Q3 FY08/09 Revenue Up 3.5% to 16.4M Euros
Mar 31 - IGE+XAO 1st Half 08/09 Revenue Up 4.8% to 10.9M Euros
Dec 12 - IGE+XAO Q1 FY08/09 Revenue Up 7% to 4.9M Euros
Oct 15 - IGE+XAO, Airbus Sign SEE Electrical Harness PLM Contract
Sep 12 - IGE+XAO FY07-08 Revenue Up 5.2% to 22M Euros
Source: Material used in press releases is often supplied by external
sources and used as is.
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