Consolidated turnover for 2009/2010

Consolidated turnover for 2009/2010 - 4th quarter growth

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11th October 2010

Source: IGE+XAO Group

Consolidated turnover for 2009/2010 - 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.

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