Software group accelerates growth
An
IGE+XAO UK product story
Edited by the Engineeringtalk editorial team
Dec 19, 2006
IGE+XAO opens its new fiscal year with a consolidated turnover up 2.6% compared with 1.6% for a year earlier.
Following fiscal 2005/2006 closing above its profit target (net result up 17.3%) and a turnover for the fourth quarter showing strong growth (up 9.2%), IGE+XAO opens its new fiscal year with a consolidated turnover up 2.6% compared with 1.6% for a year earlier.
In a first quarter traditionally noted for a seasonal downturn (annual August holiday closure) the group has shown itself to be particularly dynamic.
First, IGE+XAO has signed a significant commercial contract with Embraer (world leader in commercial aircraft of up to 110 seats).
Further, the group has launched two joint ventures, EHMS (for the development and marketing of a range of software for computer assisted design for the production of electrical harnesses) and S2E Consulting (advice and assistance dedicated to systems engineering and the processes of electrical design), these created, respectively, with the groups Labinal and Sogeclair.
These operations, which should bear first fruits during 2007, underline clearly the strategy of the Group namely, to provide a complete solution of software and services in the domain of electrics and cabling.
At the financial level, the objective of the IGE+XAO Group is to pursue its business plan which envisages growth in turnover while always preserving high levels of profitability which reached 10.4% for fiscal 2005/2006.
Finally, in accordance with IGE+XAO's policy the Board of Directors will propose at the Shareholders General Meeting a dividend distribution of Eur 0.20 per share.
This compares with Eur 0.18 per share a year earlier.
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Contact IGE+XAO UK
Tel +44 114 273 1155
Other IGE+XAO UK stories
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SEE software saves design time at CSR Puzhen
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TTP LabTech selected SEE Electrical, IGE+XAO's package dedicated to the medium to low range of Electrical CAD software applications. -
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SEE Electrical version V4R1 is available in three basic, standard and advanced levels and its upgradeability allows it to evolve in line with customer requirements.
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