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Consolidated Turnover for the third quarter (in IFRS norms)



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.

About IGE+XAO :
For over 23 years, the IGE+XAO Group has been a software publisher designing, producing, selling and ensuring the maintenance of a range of Computer-Aided Design (CAD) software. These Electrical CAD software applications have been designed to help manufacturers design and maintain the electrical section of any installation. IGE+XAO has built a complete range of Electrical CAD software applications designed for all industry fields.The IGE+XAO Group has more than 350 employees spread out in 22 locations and 16 countries. With more than 59,000 licenses sold throughout the world, IGE+XAO is a reference in its domain. For more information, visit http://www.ige-xao.com

IGE+XAO Contacts :
Analysts/ Investors: Alain Di Crescenzo (Chairman of the Group) : +33(0)5 62 74 36 36
IGE+XAO Group, 25/27 Blvd Victor Hugo - BP 90312- 31773 Colomiers cedex - France
Phone:+33 (0) 5 62 74 36 36 - Fax: +33 (0) 5 62 74 36 37
Web site : www.ige-xao.com
Listed on Euronext Paris- NYSE Euronext - Compartment C - ISIN FR 0000030827

Press Contact :
Christian Colin, +33 (0)5 62 74 36 36



 

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IGE+XAO software publisher,the Computer-Aided Design specialist dedicated to electrical engineering, systems and industrial fluids.