Turnover continues to rise
An
IGE+XAO UK product story
Edited by the Engineeringtalk editorial team
Dec 15, 2005
The IGE+XAO Group has reported a turnover for the first quarter of Eur 4,365,169.
The IGE+XAO Group has reported a turnover for the first quarter of Eur 4,365,169.
The IGE+XAO Group's consolidated turnover increased by 2% during the first quarter of 2005-06.
However, this increase should be evaluated in light of the exceptional performance posted during the same period a year ago; during the first quarter of 2004-05 turnover increased by 20% compared with an average of 10% over the entire financial year.
Therefore, after adjusting for the average growth rate over 2004-05, the first quarter 2005-06 turnover increase would rise to 11%.
On the technical and sales and marketing side, the 2005-06 financial year will be particularly eventful with both the launch of new products and the creation of two new branches, one in Dallas-Fort Worth (USA) and the other in Nanjing (China).
From a financial standpoint, the IGE+XAO Group's goal is to continue its market strategy aimed at growing in both turnover and profitability, with a net margin that should be in the region of around 9% of turnover.
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Contact IGE+XAO UK
Tel +44 114 273 1155
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