Dec 12 - IGE+XAO Q1 FY08/09 Revenue Up 7% to 4.9M Euros

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IGE+XAO Q1 FY08/09 Revenue Up 7% to 4.9M Euros

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TOULOUSE, France, Dec 12, 2008 - The IGE+XAO Group announces turnover for first quarter of 2008/2009 (in IFRS norms)

A good first quarter

In Euros

08/09

07/08

Changes

Q1 turnover

(1^st August 2008 to 31^st October 2008)

4,865,322

4,539,436

7.1%

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.

About 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.

Moreover, the IGE+XAO Group has a complete electric PLM solution dedicated to the Product Lifecycle Management of complex electrical equipments. 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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