IGE+XAO software publisher, Shaping the future of the Electrical PLM and CAD.

A successful first half of 2012/2013

Tue, 02 Apr 2013 09:00:00 +0200

Toulouse, 2 April 2013, the IGE+XAO Group announces:
Consolidated Accounts for the first half of 2012/2013 (in IFRS norms).
Period from 1 August 2012 to 31 January 2013 A successful first half Operating margin: 25,2%
Turnover: +4,9%
Operating income: +6,2%

Over the first half of the 2012/2013 financial period, consolidated turnover for the IGE+XAO Group is up 4,9%, amounting to 11,812,132 euros compared to 11,264,268 euros one year earlier.

The Group benefitted from strong momentum in its Major Accounts activity combined with the good resistance of its activity internationally, especially in Northern Europe. In terms of operating expenses and in accordance with its business plan, IGE+XAO increased its workforce in software production and marketing, changing the number of its employees worldwide from 354 full-time equivalents at 31 January 2012 to 378 at 31 January 2013. This controlled change was accompanied by an improvement in the operating margin which crossed the 25% threshold (25.2% compared to 24.9% one year earlier). Operating income as such reached 2,982,039 euros, up 6.2% compared to the first half of 2011/2012. Finally, net income, which amounted to 2,262,372 euros (net margin** of 19.2%), is comparable to that of the first half of 2011/2012, due to tax credit on a foreign subsidiary in 2011/2012. From a financial standpoint, IGE+XAO is solidly structured with, at 31 January 2013, equity of 22 million euros, almost no bank debt and a cash flow of nearly 22 million euros. Backed with its results and its solid fundamentals, the Group, while still preserving its high level of profitability, intends to pursue its development internationally with the opening of a subsidiary in Mexico scheduled before the end of the financial period.

* operating income in terms of turnover.
** net income in terms of turnover.

Note: The half-year financial statements closed out at 31 January 2013 underwent a limited review by the auditors of IGE+XAO and were approved by the Board of Directors on 25 March 2013.

Consolidated turnover for 1st quarter of 2012/2013 (in IFRS norms) - Turnover up 5%

Fri, 14 Dec 2012 09:00:00 +0100

Toulouse, 14 December 2012, the IGE+XAO Group announces: IGE+XAO has turnover for the first quarter of 2012/2013 up 5% standing at 5,356,297 euros compared to 5,102,466 euros one year ago. The activity had good performance in particular in the American and Northern Europe markets. In light of this good dynamic, the Group, now with locations at 26 sites in 17 countries, has decided to consolidate its positioning internationally, by strengthening its presence on the American and Asian continents. From a technical standpoint and with the continued momentum of the 2011/2012 financial period, IGE+XAO is continuing its efforts by focussing, on the one hand, on accelerating the deployment of the Electrical PLM (Product Lifecycle Management) offerings in order to cover demand in the aeronautics, space and transport fields and, on the other hand, on improving the performance of its most widely distributed software: SEE Electrical Expert and SEE Electrical. Finally, in this period of economic tension, the Group remains confident for the future with its solid fundamentals that include a diversified and international clientele, high profitability and 22 million euros in equity.

Consolidated accounts for 2011/2012 (in IFRS norms)*

Wed, 24 Oct 2012 09:00:00 +0200

Toulouse, 24 October 2012, the IGE+XAO Group announces:
A successful 2011/2012

Over the 2011/2012 financial period, consolidated turnover for the IGE+XAO Group amounted to 23,385,942 euros, up 4.8% compared to the previous financial period. Over the same period, current operating income, up 9%, has crossed over the 5 million euro line, amounting to 5,355,127 euros. These good results, in terms of activity as well as in controlling costs, lead to an increase in operational profitability which increased from 22% to 23%. Net income stands at 4,304,874 euros compared to 3,606,505 euros one year ago, up 19.4%, resulting in a net margin** of 18.4% compared to 16.2% over the previous period. Backed with its results and its solid fundamentals, the Group intends to pursue its development plan. As such from a commercial standpoint, after the recent creation of a distribution subsidiary in Turkey, IGE+XAO is planning to increase its presence on the American and Asian continents. From a technical standpoint, the Group intends to strengthen its software and services offering in order to meet demand in particular in the fields of automation, aeronautics and transport. In accordance with its Business Plan, the Group is planning to carry out these operations by retaining a high level of profitability and while still remaining vigilant as to changes in the economic climate. * The consolidated financial statements were approved by the Board of Directors on 18 October 2012 and will be submitted for approval to the Annual Shareholders' Meeting. ** Net margin: net income / turnover

Consolidated turnover for 2011/2012 (in IFRS norms)

Fri, 14 Sep 2012 09:00:00 +0200

Toulouse, 14 September 2012, the IGE+XAO Group announces:

Acceleration in the growth of the activity in the 4th quarter: +7,1%

IGE+XAO is enjoying acceleration in its activities over the 4th quarter of 2011/2012, with turnover amounting to 6,131,260 euros compared to 5,722,431 euros one year ago, which is an increase of 7,1%. The quarterly activity in particular benefitted from the strong dynamism in Northern Europe and in Asia.
Over the period, the Group had growth in turnover of 4.8%, reaching 23,385,942 euros, which is the result of the positive impacts from launching the new versions of the Group's flagship products - SEE Electrical and SEE Electrical Expert – as well as the growth dynamic in certain markets.

Backed with its results and its solid fundamentals, the Group intends to pursue its development internationally by reinforcing its presence on the American and Asian continents. In parallel, the deployment of the Electrical PLM (Product Lifecycle Management) offerings will be accelerated in order to cover demand in the aeronautics, space and transport fields. In accordance with the Group's "Business Plan", these operations will be accompanied by a high level of profitability.

From a financial standpoint, IGE+XAO has a solid structure at 31 January 2012, with in particular operational profitability of more than 25% and a cash surplus allowing it to pursue its objectives, which are aimed at growth in the activity while still maintaining a high level of profitability.

The IGE+XAO Group launches SEE Electrical Expert V4, a new version offering performance, openness and collaborative work.

Tue, 14 Feb 2012 09:00:00 +0100

Toulouse, February, 14th, 2012 The IGE+XAO Group announces the launching of SEE Electrical Expert V4, a new version which relies on three key features: performance, openness and collaborative work. First performance, since the version 4 includes a new electrical data explorer, significant processing time improvements and a new module "Open Data" which optimizes modification cycles. Second, openness with a version 4 which offers: - new communication interfaces with PLM/Mechanical CAD, PDM and other professional software packages (labeling, PLC programming, archiving, etc), - a new module for panel design (named 3D Panel) based on SolidWorks®, - and an international version 100% "Unicode". Hence, SEE Electrical Expert V4 proposes a brand new module dedicated to collaborative work "Collaborative Engineering". "This new version is an important step for our leading package SEE Electrical Expert. It represents an investment of over 50 men years of Research & Development. We developed this version so that it brings more efficiency, more performance and more flexibility to our customers" declared Alain Di Crescenzo, Chairman and CEO of the IGE+XAO Group. For more information about this new version, please visit http://www.see-electrical-expert.com.

Turnover for first quarter of 2011/2012 (in IFRS norms), Turnover up 4.2%.

Thu, 08 Dec 2011 09:00:00 +0100

Toulouse, December 8th 2011, The IGE+XAO Group announces: In the continued momentum of the 2010/2011 financial period, IGE+XAO has turnover for the first quarter of 2011/2012 up 4.2%, standing at 5,102,466 euros compared to 4,895,522 euros one year ago. The beginning of this financial period promises to be a particularly dynamic one, from a technical as well as commercial standpoint. As such, IGE+XAO in November launched the marketing of a major version (V4) of its flagship product SEE Electrical Expert incorporating more particularly a new collaborative work mode and a substantial improvement in processing performance, as well as a new 3D location module. The Group is also planning major changes in its Electrical PLM offer (Product LifeCycle Management) in particular intended for the aeronautics, space and transport markets. In parallel, the Company is finalising the creation of its sales subsidiary in Turkey, scheduled to open in February 2012. This new location supplements the international positioning of IGE+XAO, now with locations at 23 sites in 16 countries. Finally, in this period of economic turbulence, the Group remains confident for the future with its solid fundamentals that include a diversified and international clientele, high profitability and 21.7 million euros in equity.

Consolidated turnover for 2010/2011(in IFRS norms)

Thu, 15 Sep 2011 09:00:00 +0200

Toulouse, 15th September 2011, the IGE+XAO Group announces:
Commendable growth
IGE+XAO experienced an acceleration in its activities over the 4th quarter 2010/2011, with turnover standing at 5,722,431 euros compared to 5,411,076 euros one year ago, which is an increase of 5.8%. Over the financial period, the Group had growth in turnover of 4.8% and reached 22,323,969 euros. IGE+XAO has benefited from the good resistance of the activity and from profitability up sharply for the half-year to accelerate its operating plan in France as well as abroad. As such, from a product standpoint, special attention has been devoted to the commercial launching of the new versions of the SEE Electrical V6 and SEE Electrical Expert V4 software. In parallel, IGE+XAO decided to reinforce its positioning internationally by creating three new locations abroad. As such, the creation of a subsidiary in Turkey is currently under way and the opening of two sites is scheduled respectively in Russia and in South America in 2012. Finally, the Group has a solid financial position. Indeed, at 31 January 2011, IGE+XAO had operating profitability of more than 20% and a flow of available cash of 18.8 million euros, allowing it to correctly pursue its objectives aiming for growth in the activity while still maintaining a high level of profitability.

IGE+XAO North America announces innovative and advanced functionalities for its new version SEE Electrical V5R1.

Mon, 18 Oct 2010 08:00:00 +0200

October 18th, 2010 – The IGE+XAO Group announces new advanced functionalities for SEE Electrical V5R1, the Intuitive and Versatile CAD Software for all Electrical Design needs. SEE Electrical is the Group's package dedicated to the medium to low range of Electrical CAD software applications. It has become very popular worldwide, due to its three levels (Basic, Standard and Advanced) and its upgradeability which allows the software to evolve in line with customers requirements.

In the V5R1 version, many new features have been developed:

A more user-friendly software, due to the new user interface:

Navigation from Database list to drawings
New windows selection mode which makes object selection easier
Symbol rotation according to wire
Program controlling now possible from the keyboard
Insert components/terminals which are not in drawing by list

The user benefits from a faster and more reliable design:

Integrated Function Location Manager
Create and display several translations at one time
Redlining functionality
Copy or move single pages by drag and drop in project tree
Show wire sizes and wire colors on wires
Terminal/Cable plans information for potential names can be displayed
Cable plan with shield information for cables

Finally, SEE Electrical V5R1 also offers exciting New Modules:

“Intelligent Drawing Legacy”: The module, available in different levels of functionalities, allows :

Load multiple scanned pictures automatically into different pages
Use a pattern recognition tool: patterns (consisting of geometry and text) imported via DXF/DWG can be recognized and converted to symbols which match the SEE Electrical processes.

“Smart PDF Printer” module: allows navigation in the project due to the cross references, and generates an overview of the project tree and of the components.
“Solidworks Entreprise PDM interface” (EPDM): provided by Solidworks, EPDM offers new functionalities such as check in, check out of projects, management of user rights for projects, life cycle management … This is the first step to enable collaborative design between Mechanical and Electrical CAD systems.
“SolidWorks interface”: data exchange between Electrical and Mechanical CAD is now allowed due to “From/To” lists for wires and cable cores, saving time and reducing errors.

For more information about this new version, please visit: http://www.ige-xao.ca/en/ca/index.php

Consolidated turnover for 2009/2010 (in IFRS norms)

Wed, 15 Sep 2010 09:00:00 +0200

Toulouse, 15th September 2010. The IGE+XAO Group announces:
Consolidated turnover for 2009/2010 (in IFRS norms)
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.

New electrical installation design software from IGE+XAO.

Tue, 29 Sep 2009 08:00:00 +0200

Chicago, September 29, 2009 Publishers of CAD software devoted to electricity, IGE+XAO Group is launching its SEE Electrical software on the US market. Intended for small and medium enterprises, SEE Electrical meets all user requirements among those who design and maintain the electrical part of any kind of installation. Intuitive and ergonomic, SEE Electrical software comes in three versions: "Basic," "Standard" and "Advanced." The "Basic" level is suitable to all industries and provides a large number of basic CAD functionalities at a very attractive price of $1,190. The "Standard" level features several functionalities that help create and manage electrical diagrams with optimal productivity. Lastly, the "Advanced" level includes advanced functionalities (PLC input/output management, automatic plan generation, etc.) that facilitate complex project management. Two trade-specific modules, "Cabinet Layout" and "House Installation," complete the software suite. "Cabinet Layout" helps design electrical cabinets, while "House Installation" supports the layout of electrical equipment on floor plans. Having enjoyed commercial success for several years in a large number of countries, SEE Electrical has remained attractive to users due to its fast learning curve and intuitive functionalities. The software works on all existing Windows operating systems. "Thanks to SEE Electrical, mid-sized companies will now be able to produce their electrical projects faster. In order to meet the budgetary constraints of small and medium enterprises, which are particularly critical at this time, IGE+XAO Group has set up all-in-one marketing offers," says Alain Di Crescenzo, CEO of IGE+XAO Group.