IGE+XAO Q3 FY08/09 Revenue Up 3.5% to 16.4M Euros
 TOULOUSE,
France, Jun 15, 2009 - The IGE+XAO Group announces: Consolidated Turnover
for the third quarter 2008/2009 (in IFRS norms)Good Performance
|
In
Euros |
2008/2009 |
2007/2008 |
Change
|
|
|
10,964,826 |
10,465,904 |
+4.8% |
|
|
5,483,024 |
5,429,638 |
+1.0%
|
|
|
16,447,850 |
15,895,542 |
+3.5%
|
In the first nine months of 2008/2009, IGE+XAO reports a 3.5% growth in
turnover, with this year’s figure of 16,447,850 Euros as compared to
15,895,542 Euros the previous year. Over the third quarter turnover reached
5,483,024 Euros, a growth of 1% (+1.5% at constant exchange rate). The good
performance of the business is all the more significant as it was achieved
during a period of serious deterioration in the world economic situation,
with a noticeable impact on the software market.
In the context of this economic crisis, IGE+XAO has numerous technical
assets, with the Group's new services – Construction and Electric PLM
(Product Life-cycle Management for Electrical Facilities), and commercial
assets, with its worldwide network of commercial subsidiaries representing
22 sites in 15 countries. In addition, the Company has a solid financial
structure with an available cash flow of more than 13 million Euros, no bank
debt and a net margin of 13.6% at January 31st 2009.
Confident thanks to these solid fundamentals, yet vigilant, the IGE+XAO
Group intends to continue its market strategy while keeping a high level of
profitability.
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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