IGE+XAO Q1 FY 2009/10 Revenue Slightly Down to 4.7M Euros
 CHICAGO,
IL, Dec 15, 2009 - In a struggling international economic context, with the Computer-Assisted
Design market facing substantial drops in business, IGE+XAO posted a turnover of
€4,735,624 for the 1st quarter. This figure is slightly down by 1.9% at a
constant exchange rate (2.6% at real exchange rate) as compared with the 1st
quarter of the previous year, which represented the best quarterly performance
in 2008/2009 (+7.1%).Over the period, the solid fundamentals of IGE+XAO
(diversified customer portfolio, strong international presence and high
profitability), will enable the Group to apply a dynamic action plan, while
optimizing costs. The Group will therefore launch two major new versions of
its most popular software, SEE Electrical Expert V3R7 and SEE Electrical
V5R1, internationally. In parallel, IGE+XAO is continuing to deploy its SaaS
(Software as a Service) range for SME/SMI. This new mode of
commercialization, which protects recurring medium-term Group income,
particularly meets the requirements of companies in the current context,
enabling them to control their investment.
In the context of this crisis, the solid financial structure of the Group
is a decisive advantage, (on 31 July 2009: 17 million euros in equity,
virtually no bank debt and 14.3 million euros in cash and cash equivalent).
This asset will allow IGE+XAO to maintain a substantial level of investment
while protecting its ability to take up any opportunity for internal or
external growth with a view to playing a leading role from the first signs
of recovery.
Finally, in keeping with the policy set forth by the IGE+XAO Group, at
the Annual General Meeting the Board of Directors will propose the
distribution of a gross dividend of €0.43 per share.
About IGE+XAO Group
For over 23 years, IGE+XAO Group has been designing, producing, marketing
and maintaining a full range of Computer-Aided Design (CAD) software suites.
This CAD software was developed to help industrialists design and maintain
the electrical part of any kind of installation. This kind of CAD is known
as “Electrical CAD”. IGE+XAO has put together a range of software suites
intended for all industrial sectors. IGE+XAO employs close to 350 people
worldwide, across 22 sites and 16 countries. With over 59,000 licenses
throughout the world, IGE+XAO is a key player in its field.
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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