Toulouse, 12 December 2013, the IGE+XAO Group announces:
Turnover up 6.1%
Over the first quarter 2013/2014, IGE+XAO has consolidated turnover of 5,680,147 euros compared to 5,356,297 euros in 2012/2013, which is an increase of 6,1%. Activity benefited from good momentum in the Major Accounts activity, in France as well as abroad.
Over the period the R&D and "corporate" activities were particularly dense with in particular the acquisition of 51% of the share capital of the software distribution company IGE+XAO Danmark A/S formerly CADdy Danmark A/S, of which the Group held 49%. IGE+XAO Danmark A/S represents 5,000 installed licences, annual turnover of 1.2 million euros, net cash flow of 1.4 million euros and operational profitability of more than 25%.
Over the previous period and despite a difficult economic climate worldwide, IGE+XAO is planning to launch new versions of its flagship software as well as pursuing its proactive policy of expansion internationally. Loyal to its principles, the Group will conduct these operations while maintaining a high level of profitability.