IGE+XAO software publisher, specialized in Electrical CAD and PLM

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.

IGE+XAO UK announces innovative and advanced functionalities for its new version SEE Electrical V5R1.

Wed, 03 Mar 2010 08:00:00 +0100

March 3rd, 2010 – The IGE+XAO Group announces new advanced functionalities for its Electrical V5R1, the Intuitive and Versatile CAD Software for all Electrical Design needs. SEE Electrical is the Group's package dedicated to the medium to low range of Electrical CAD software applications. It has become very popular worldwide, due to its three levels (Basic, Standard and Advanced) and its upgradeability which allows the software to evolve in line with customers requirements.
In the V5R1 version, many new features have been developed:
A more user-friendly software, due to the new user interface:

Navigation from Database list to drawings
New windows selection mode which makes object selection easier
Symbol rotation according to wire
Program controlling now possible from the keyboard
Insert components/terminals which are not in drawing by list

The user benefits from a faster and more reliable design:

Integrated Function Location Manager
Create and display several translations at one time
Redlining functionality
Copy or move single pages by drag and drop in project tree
Show wire sizes and wire colors on wires
Terminal/Cable plans information for potential names can be displayed
Cable plan with shield information for cables

Finally, SEE Electrical V5R1 also offers exciting New Modules:

“Intelligent Drawing Legacy”: The module, available in different levels of functionalities, allows :

Load multiple scanned pictures automatically into different pages
Use a pattern recognition tool: patterns (consisting of geometry and text) imported via DXF/DWG can be recognized and converted to symbols which match the SEE Electrical processes.

“Smart PDF Printer” module: allows navigation in the project due to the cross references, and generates an overview of the project tree and of the components.
“Solidworks Entreprise PDM interface” (EPDM): provided by Solidworks, EPDM offers new functionalities such as check in, check out of projects, management of user rights for projects, life cycle management … This is the first step to enable collaborative design between Mechanical and Electrical CAD systems.
“SolidWorks interface”: data exchange between Electrical and Mechanical CAD is now allowed due to “From/To” lists for wires and cable cores, saving time and reducing errors.

For more information about this new version, please visit:
http://www.ige-xao.co.uk/en/uk/products/see_electrical.php

Chemring Countermeasures: Having a clear and concise set of drawings and layout plans ensures that we can produce what is required with accuracy and repeatability.

Thu, 11 Feb 2010 08:00:00 +0100

Chemring Countermeasures, based at the High Post Site near Salisbury, is a world leader in the design, manufacture and worldwide distribution of a comprehensive range of RF (Radio Frequency) and IR (Infra Red) decoy countermeasures for air & naval applications across the entire electromagnetic spectrum.

“We design and manufacture our own bespoke control cabinets for internal use, and this would be an exceedingly long-winded process if it had to be done by hand”. For George Williams, Senior Electrical Engineer at Chemring Countermeasures, “having a clear and concise set of drawings and layout plans ensures that we can produce what is required with accuracy and repeatability, and maintenance tasks become less onerous”.

Chemring Countermeasures needed an Electrical CAD Software package that delivered quality results, was intuitive to use, and was competitively priced, for these reasons they selected SEE Electrical.
For George Williams, the main benefit of SEE Electrical is that “it is a very user friendly program. The core program can be added to the purchase of optional adds-on packs and is available in different levels. This gives the flexibility to purchase what is required for the task without having to buy a high end program that contains functions that you do not need but you nevertheless have to pay for. The program’s manual is comprehensive and support is available from the manufacturer that is prompt and responsive.”

“I would thoroughly recommend this program to anyone looking for an Electrical CAD package whether they are an experienced user or an absolute beginner. It is easy to use yet powerful, and creates accurate well laid out drawings with a minimum of fuss”, said Mr. Williams.

For more information about SEE Electrical V5R1, please visit

http://www.ige-xao.co.uk/en/uk/products/see_electrical/see_electrical_V5R1.php or contact us at uk@ige-xao.com

Turnover for first quarter of 2009/2010 (in IFRS norms)

Tue, 15 Dec 2009 09:00:00 +0100

Toulouse, December 15th 2009. The IGE+XAO Group announces:

Turnover almost stable in a very tough international context

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 optimising 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 commercialisation, 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.

IGE+XAO's SEE Electrical contributes to sustainable development in China.

Fri, 24 Jul 2009 09:00:00 +0200

Toulouse, 24th July, 2009 - Vestas is a leader in wind energy equipment and holds a 23% market share at a global level. Every year each Vestas V90-3,0MW wind turbine can avoid 5000 tons of CO2. The power it generates matches 13,000 barrels of crude oil. Vestas wind turbines generate more than 50 million MWh every year which is enough electricity to supply every household in a country the size of Spain. In order to offer high quality products, Vestas invests heavily to optimize the design of wind turbines with one priority: increase efficiency. Vestas believes that the design stage is equal to, or even more important than the manufacturing stage. Selecting IGE+XAO's SEE Electrical as the electrical design reference software was key to Vestas China. The company was looking for a software package which would allow to design both electrical schematics and wiring diagrams, manage wires, cables and shielding and hence generates automatically all types of lists (product, wire, cable and terminal lists).

Consolidated Accounts for the third quarter 2008/2009 (in IFRS norms) Good performance

Fri, 12 Jun 2009 09:00:00 +0200

Toulouse, June 12th 2009, the IGE+XAO Group announces: 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.

CSR PuZhen, a leading Chinese rolling tock manufacturer, chooses SEE Electrical Harness for the design of electrical wire harnesses.

Tue, 16 Dec 2008 08:00:00 +0100

Nanjing, December 16th, 2008 The IGE+XAO Group announces that CSR PuZhen has selected IGE+XAO's SEE Electrical Harness software package for designing and maintaining electrical wire harnesses.

Turnover for the first quarter of 2008/2009 (in IFRS norms)

Fri, 12 Dec 2008 08:00:00 +0100

Toulouse, 12 December 2008 The IGE+XAO Group announces: 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.

IGE+XAO SIGNS A MAJOR CONTRACT WITH AIRBUS

Wed, 15 Oct 2008 08:00:00 +0200

Toulouse, October 15th 2008. - Three years after the contract was signed with Eurocopter, the IGE+XAO Group announces a very significant contract with Airbus. This new agreement covers the supply of the IGE+XAO Group's PLM offer (Product Life-cycle Management) dedicated to Electrical Engineering. This software suite named SEE Electrical Harness PLM, encompasses most of the electrical engineering process, from the definition of electrical equipment to the automatic generation of electrical harnesses and wiring diagrams. This contract made up of several stages for which deliveries are planned from the 4th quarter 2008 until the end of 2011 could reach nearly 5 million euros. This amount includes the SEE Electrical Harness PLM software licences as well as the development and associated services. IGE+XAO is currently working on the first stage which represents an already received purchase order of 1.3 M Euros excluding VAT. For Alain Di Crescenzo, Chairman and CEO of the IGE+XAO Group: "this new contract emphasizes the relevance and maturity of the Group PLM offer in the aeronautics and space markets. Thus, IGE+XAO appears more and more as a worldwide leader in the fields of Computer-Aided Design and PLM dedicated to Electrical Engineering." With this contract and other ongoing projects, the IGE+XAO Group plans to strengthen its R&D as well as customer support teams.

Turnover for fiscal 2007/2008 - (in IFRS norms)

Fri, 12 Sep 2008 08:00:00 +0200

Toulouse, September 12th 2008, the IGE+XAO Group announces: IGE+XAO has posted a turnover of €21,590,927 for the 2007/2008 financial year, up by 5.2% on 2006/2007. Fourth quarter turnover was €5,695,878 (+ 3.0%). 2007/2008 was an eventful year for all sides of the business. In fact, IGE+XA0 continued its international expansion, the principal results being the launch of operations at its subsidiary in China, the extension of its foreign distribution network to India, Vietnam and Australia, in addition to the creation of a new subsidiary in Tunisia. On the technical and sales fronts, the company expended considerable energy throughout the year, leading to the fourth quarter signing of a major contract. This contract which has already led to a first 1.3 million euro order had no impact on the 2007/2008 turnover figure. Its effects will be seen in the 2008/2009 financial year, with its contributions spreading over two years. On the financial side, the Group sold its 11% interest in Anyware Technologies for 1.1 million euros. IGE+XAO had acquired this interest for a total sum of 392,800 euros. These excellent results, from both the sales and financial sides, allied with the Group's solid base (diversified customer database, high level of profitability and net cash of €12 million), should allow the Group to combine investment with steady growth in the coming years.