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Group maintains financial progress

An IGE+XAO UK product story
Edited by the Engineeringtalk editorial team May 5, 2006

In the first half of 2005-06 the IGE+XAO Group has recorded a net profit of Eur 883,940 compared with Eur 784,396 a year earlier, representing an increase of 13% and a net margin of 9.4%.

In the first half of 2005-06 the IGE+XAO Group has recorded a net profit of Eur 883,940 compared with Eur 784,396 a year earlier, representing an increase of 13% and a net margin of 9.4%.

The current operating profit attains 13.6% at 31st January 2006 compared with 13.5% for fiscal 2004-05 and 15.3% in the first half period of 2004-05, this last benefiting from an exceptional level of business activity.

At the same time, the group is reassured by the strength of its financial position with its capital equity standing at Eur 10,627,605 (+14%), bank debt essentially zero, and a solid treasury of about Eur 8 million.

This financial performance is however the more remarkable as it is written in the context of a very large investment in research and development, notably in relation to product lifecycle management (PLM).

On the business plan, the first half period of 2005-06 has been particularly rewarding with on the one hand, the creation of a subsidiary in Dallas-Fort Worth (USA), the opening of an office in Nanjing (China) and on the other hand, strong business in the design of electrical harness.

During this fiscal year, the IGE+XAO Group objective is to pursue its marketing plan of seeing the growth of both turnover and profitability with a net margin which should be in the order of 9% of turnover, this objective having already been passed in the first half period.

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