IGE+XAO software publisher, Shaping the future of the Electrical PLM and CAD.

Turnover for first quarter of 2011/2012 (in IFRS norms), Turnover up 4.2%.

Thu, 08 Dec 2011 09:00:00 +0100

Toulouse, December 8th 2011, The IGE+XAO Group announces: In the continued momentum of the 2010/2011 financial period, IGE+XAO has turnover for the first quarter of 2011/2012 up 4.2%, standing at 5,102,466 euros compared to 4,895,522 euros one year ago. The beginning of this financial period promises to be a particularly dynamic one, from a technical as well as commercial standpoint. As such, IGE+XAO in November launched the marketing of a major version (V4) of its flagship product SEE Electrical Expert incorporating more particularly a new collaborative work mode and a substantial improvement in processing performance, as well as a new 3D location module. The Group is also planning major changes in its Electrical PLM offer (Product LifeCycle Management) in particular intended for the aeronautics, space and transport markets. In parallel, the Company is finalising the creation of its sales subsidiary in Turkey, scheduled to open in February 2012. This new location supplements the international positioning of IGE+XAO, now with locations at 23 sites in 16 countries. Finally, in this period of economic turbulence, the Group remains confident for the future with its solid fundamentals that include a diversified and international clientele, high profitability and 21.7 million euros in equity.

Consolidated accounts for 2010/2011 (in IFRS norms)*

Fri, 28 Oct 2011 09:00:00 +0200

Toulouse, 28^th October 2011, the IGE+XAO Group announces:
Strong increase in profitability

The IGE+XAO Group recorded consolidated revenues of €22,323,743 in the 2010/2011 financial year, representing an increase of 4.8%.

IGE+XAO significantly increased its profitability over the same period, with a 25.4% rise in operating income. Net income amounted to €3,606,505, compared to €2,999,596 in the previous year. That represents a rise of 20.2% and leads to a net margin** of 16.2%, compared to 14.1% in the previous year. This favourable trend was due to growth in activity, particularly internationally, coupled with an improvement in the Group’s business model.

Finally, on the strength of its good results and solid financial fundamentals, IGE+XAO is confirming its operating plan aimed at opening three new sites abroad and maintaining a significant level of investment in research and development, particularly in relation to its electrical PLM and collaborative engineering solutions. The Group plans to carry out these operations while maintaining its high level of profitability and remaining alert to developments in the economic situation.

* The consolidated financial statements were approved by the Board of Directors on 21 October 2011 and will be submitted for the approval of the Annual General Meeting.
** Net margin: net income in relation to revenues.

Consolidated turnover for 2010/2011(in IFRS norms)

Thu, 15 Sep 2011 09:00:00 +0200

Toulouse, 15th September 2011, the IGE+XAO Group announces:
Commendable growth
IGE+XAO experienced an acceleration in its activities over the 4th quarter 2010/2011, with turnover standing at 5,722,431 euros compared to 5,411,076 euros one year ago, which is an increase of 5.8%. Over the financial period, the Group had growth in turnover of 4.8% and reached 22,323,969 euros. IGE+XAO has benefited from the good resistance of the activity and from profitability up sharply for the half-year to accelerate its operating plan in France as well as abroad. As such, from a product standpoint, special attention has been devoted to the commercial launching of the new versions of the SEE Electrical V6 and SEE Electrical Expert V4 software. In parallel, IGE+XAO decided to reinforce its positioning internationally by creating three new locations abroad. As such, the creation of a subsidiary in Turkey is currently under way and the opening of two sites is scheduled respectively in Russia and in South America in 2012. Finally, the Group has a solid financial position. Indeed, at 31 January 2011, IGE+XAO had operating profitability of more than 20% and a flow of available cash of 18.8 million euros, allowing it to correctly pursue its objectives aiming for growth in the activity while still maintaining a high level of profitability.

Consolidated turnover for the third quarter of 2010/2011 (in IFRS norms) A well-oriented 3rd quarter

Wed, 15 Jun 2011 09:00:00 +0200

* Including €11,7 million invoiced from France (€11,2 million in 2009/2010) with the understanding that this amount also includes billing abroad issued from France within the framework of the activities tied to the distribution networks and to the major international key accounts.

Toulouse, 15th June 2011. The IGE+XAO Group announces:

Over the first nine months of the period, IGE+XAO had accumulated revenue of 16,601,539 euros, which is a 4,4% increase compared to the previous year. The 3rd quarter had growth of 4% at €5,748,394; this change can be appreciated even more since the revenue over the same period one year earlier was already up, stimulated by the preliminary signs of a recovery.

In parallel, IGE+XAO is taking advantage of this good resistance of the business and of the profitability that is up sharply to accelerate its operating plan in France as well as abroad. From a product standpoint, special attention has been devoted to the commercial launching of the new versions of SEE Electrical V6 and SEE Electrical Expert V4 products. Internationally, IGE+XAO is anticipating its action plan for 2011/2012, aiming to create three new sites abroad. Thus the Group will create a new subsidiary in Turkey this summer and subsidiaries in Russia and South America in 2012.

Finally, from a financial standpoint, IGE+XAO has solid fundamentals with an operational profitability of more than 20% and available cash of €18.8 million at 31st January 2011. This will enable the Group to achieve its objectives to open up new markets while still retaining good profitability.

Consolidated Accounts for the first half of 2010/2011 (in IFRS norms). Period from 1st August 2010 to 31st January 2011

Thu, 31 Mar 2011 09:00:00 +0200

Toulouse, 31st March 2011, The IGE+XAO Group announces:
Strong growth for the first half 2010/2011 Turnover: +4,7% Operational result: +27,9% Net result: +33,2%
For the first half 2010/2011, IGE+XAO posts a 4,7% increase in turnover, which amounts to €10,853,145 versus €10,369,899 a year earlier. This rise was particularly significant in the second quarter (+5,7%), thus confirming the good business trend observed in the first three months of the fiscal year (+3,4%).

The rise in turnover was accompanied by a strong focus on the Group's spearhead products, which will be further boosted by the launch of two major new versions of the SEE Electrical Expert and SEE Electrical software in the second half of the year. In addition to new functions aimed at increasing productivity, SEE Electrical Expert V4 will include a complete environment dedicated to "collaborative engineering" while SEE Electrical V6 will offer a powerful, user-friendly interface.

In terms of profitability, the Group posts operating income of €2,551,693, up 27.9% over the first half 2009/2010, for an operating margin* of 23.5%. This growth is attributable to the upswing in activities as well as the quality of the business model, which IGE+XAO is improving year-on-year. Net income stands at €1,923,887 (up 33.2%), for a net margin** of 17.7%.

IGE+XAO also boasts a solid financial structure. At 31 January 2011, its shareholders' equity amounted to €20.9 million, with an insignificant bank debt and a cash position of €18.8 million.

Ahead of schedule, on the strength of its good results and solid fundamentals, the IGE+XAO Group will start to deploy its 2011/2012 action plan aimed at setting up three new sites abroad - in Russia, Turkey and South America - as well as boosting the development of its Electrical PLM (Product Lifecycle Management) offers. In line with the Group's business plan, those operations will be accompanied by a high profitability level.

* operating income in relation to turnover.
** net income in relation to turnover.
NB : A limited review of the half-year financial statements to 31 January 2011 was carried out by the auditors of IGE+XAO. The half-year financial statements were approved by the Board of Directors on 25 March 2011.

Turnover for first quarter of 2010/2011 (in IFRS norms) Good business trend

Wed, 15 Dec 2010 09:00:00 +0100

Toulouse, December 15th 2010.

After a difficult period in 2009/2010, marked by significant business slowdowns in the fields of electrical equipment and Computer Aided Design (CAD) software, IGE+XAO is posting growth for its first quarter 2010/2011. Its consolidated revenues thus amount to €4,895,522, up 3.4% in comparison with the previous year.

Concerning product launches, the 2010/2011 financial year is promising to be particularly intense, with the marketing of major new versions of the IGE+XAO Group's leading software SEE Electrical Expert and SEE Electrical. These new products will supplement the Group's offers: SaaS (Software as a Service), Building and Electrical PLM (product lifecycle management).
On the commercial level, in 2011 IGE+XAO will be opening new sales offices in North Africa. The Group is also planning to boost its presence in China by setting up offices in Chongqing and Guangzhou (Canton).

On the strength of its solid financial situation, the Group intends to push ahead with its development plan over the financial year, in the aim of growing its business as well as its earnings.

Turnover for first quarter of 2010/2011 (in IFRS norms) Good business trend

Wed, 15 Dec 2010 09:00:00 +0100

Consolidated turnover for 2009/2010 (in IFRS norms)

Wed, 15 Sep 2010 09:00:00 +0200

Toulouse, 15th September 2010. The IGE+XAO Group announces:
Consolidated turnover for 2009/2010 (in IFRS norms)
4th quarter growth

Despite a difficult economic situation in 2009/2010, marked by significant slowdowns in the electrical equipment and Computer Aided Design (CAD) software markets, the turnover of IGE+XAO was back on the rise in the second half of 2009/2010. Thus, in the 3rd and 4th quarters, growth of 0.8% and 1.3% was respectively achieved. At the same time, the consolidated annual turnover amounted to €21,306,152. The business recovery in the second half of the year was attributable to the Group's customer diversification strategy and good international dynamics.
Throughout the financial year, IGE+XAO kept to its road map aimed at optimizing its economic model while maintaining its capacity in terms of innovation and market conquest. At the beginning of 2011, IGE+XAO will launch major new versions of its spearhead electrical CAD software (Computer-Aided Design). These will supplement the SaaS (Software as a Service) and Construction offers as well as the Electrical PLM (product life-cycle management) range aimed at the aeronautic and automotive markets.
In this context and on the strength of its solid fundamentals, the Group carries on its action plan targeting innovation and the opening of new markets while keeping a high profitability level.

Consolidated Turnover for the third quarter (in IFRS norms)

Tue, 15 Jun 2010 08:00:00 +0200

Toulouse, June 15th 2010, the IGE+XAO Group announces:
Consolidated Turnover for the third quarter (in IFRS norms)
Growth in the 3rd quarter

Despite difficult economic conditions in 2009/2010, marked by significant business slowdowns on the electrical equipment and CAD software markets, the 3rd quarter turnover of IGE+XAO increased by +0.8% to €5,525,177. This favourable trend is attributable to the diversification strategy in terms of clientele and territory (22 sites across 16 countries), enabling the Group to benefit from good international dynamics.

Over the financial year, IGE+XAO will be pushing ahead with its route plan aimed at optimising its cost structure while preserving its innovation capacity and market conquest potential. IGE+XAO will be launching major new versions of its leading electrical design software at the beginning of 2011. These new products will supplement the SaaS (Software as a Service) and Building offers dedicated to small and medium-size businesses as well as the Electrical PLM offer aimed at the aeronautic and automotive markets.

Moreover, the company has a solid economic model: on 31 January 2010, its operating profitability was 19.4% and its available cash amounted to over €13 million. In that context and on the strength of those solid fundamentals, the Group remains focused on the pursuit of its route plan targeting the opening of new markets, while preserving the Group's high profitability.

Consolidated Turnover for the third quarter (in IFRS norms)

Tue, 15 Jun 2010 08:00:00 +0200