IGE+XAO: A year of resilience
16 Février 2021 - 5:45PM
IGE+XAO: A year of resilience
Toulouse, IGE+XAO Group announces:
Annual consolidated financial statement for the
2020 financial period (in IFRS format)*
A year of resilience
Consolidated Profit & LossIn
EUR |
31/12/2020 |
31/12/2019 |
Evolution |
|
12 months |
12 months |
|
Revenues |
32,676,814 |
33,933,804 |
(3.7%) |
Operating income (loss) |
10,624,241 |
9,777,015 |
8.7% |
Consolidated income before tax |
10,624,241 |
9,677,775 |
9.8% |
Income tax |
(2,547,503) |
(2,586,032) |
(1.4%) |
Consolidated income |
8,049,394 |
7,045,597 |
14.2% |
Net result - Group |
7,984,348 |
6,901,764 |
15.7% |
Consolidated turnover In EUR |
31/12/2020 |
31/12/2019 |
Evolution |
|
12 months |
12 months |
|
1st
quarter |
From 1 January to 31 March |
8,369,565 |
8,516,322 |
(1.7%) |
2nd quarter |
From 1
April to 30 June |
7,475,897 |
8,707,173 |
(14.1%) |
3rd quarter |
From 1
July to 30 September |
8,091,147 |
8,132,512 |
(0.5%) |
4th quarter |
From 1 October to 31 December |
8,740,205 |
8,577,797 |
1.9% |
Fiscal year |
From 1 January to 31 December |
32,676,814 |
33,933,804 |
(3.7%) |
In a context marked by the health crisis linked
to Covid-19, consolidated turnover for IGE+XAO in 2020 is
32,676,814 euros, down 3.7% compared to 2019. This particular
period has been beneficial to recurring sales, maintenance
contracts and subscriptions, for which the growth accelerated,
while perpetual licence sales and training suffered from the
economic situation and obligations concerning distancing. However,
the Group quickly adapted its offering to these exceptional
circumstances by offering its customers full service continuity via
the generalisation of remote services (remote maintenance and
training). In parallel, the Group maintained all its R&D
roadmap and products.
In terms of profitability, operating income
crossed the 10 million euro line, favoured in particular by a
significant drop in travel expenses and by the cancellation of
trade shows. The operating margin thus stands at 32.5%** compared
to 28.8% in 2019. Total consolidated net income is 8,049,394 euros
bringing the net margin to 24.4%***.
From a financial standpoint, the Group has, at
31 December 2020, a cash flow of 49.2 million euros and almost no
bank debt (excluding the impact of IFRS 16). This solid financial
structure allows it to accelerate its market plan in terms of its
international development as well as its R&D investments, the
whole combined with a high level of profitability.
* The consolidated
financial statements were approved by the Board of Directors on 15
February 2021 and will be submitted for approval to the Annual
Shareholders’ Meeting.
** Operational profitability:
operating income / turnover
*** Net profitability: net income /
turnover
About the IGE+XAO Group
For over 34 years, the IGE+XAO Group has been a
software publisher designing, producing, selling and supporting a
range of Computer Aided Design (CAD), Product Lifecycle Management
(PLM) and Simulation software dedicated to Electrical Engineering.
These software products have been designed to help companies in the
design and maintenance of the electrical part of any type of
installation. This type of CAD/PLM/Simulation is called "Electrical
CAD/PLM/Simulation". IGE+XAO employs more than 370 people around
the world in 30 sites and in 20 countries, and has more than 96,455
licenses distributed around the world. IGE+XAO is a reference in
its field. For more information: http://www.ige-xao.com. Follow us
on Twitter @igexao_corpo.
IGE+XAO Group contactsIGE+XAO
Group, 16 boulevard Déodat de Séverac – CS 90 312 – 31 773
COLOMIERS CEDEXPhone: +33 (0)5 62 74 36 36 – Fax: +33 (0)5 62 74 36
37 Website: www.ige-xao.comListed on Euronext Paris – Compartment B
– Index CAC All shares® – ISIN FR
0000030827Analysts/Investors: Alain Di Crescenzo (Chairman of the
Group) +33 (0)5 62 74 36 36Press Contact: Rozenn
Nerrand-Destouches: +33 (0) 5 62 74 36 02
- 2020_12_Comptes_conso_Euro_Comp_ANG_DEF