IGE+XAO: Consolidated accounts for the first half 2020 (in IFRS norms)
21 Juillet 2020 - 5:45PM
IGE+XAO: Consolidated accounts for the first half 2020 (in IFRS
norms)
Toulouse, IGE+XAO Group announces:Consolidated
accounts for the first half 2020 (in IFRS norms).(Period from 1st
January to 30th June
2020).
In euros |
30 June 2020 |
30 June 2019 |
|
(6 months) |
(6 months) |
Evolution |
Revenues |
15,845,462 |
17,223,966 |
-8.0% |
1st quarter (from 1st January to 31st March) |
8,369,565 |
8,516,793 |
-1.7% |
2nd quarter (from 1st April to 30th June) |
7,475,897 |
8,707,173 |
-14.1% |
Other operating revenues |
330,179 |
431,113 |
-23.4% |
Of which
Research Tax Credit |
308,413 |
427,130 |
-27.8% |
Operating
expenses |
(11,849,752) |
(12,395,679) |
-4.4% |
Operating income |
4,325,889 |
5,259,400 |
-17.7% |
Income of the Group
before tax |
4,325,889 |
5,233,528 |
-17.3% |
Current and deferred
tax |
(1,053,870) |
(1,423,682) |
-26.0% |
Part of net income in
the associated companies |
3,280,709 |
3,801,705 |
-13.7% |
Net income -
Group |
3,280,287 |
3,752,819 |
-12.6% |
Over the first half of 2020, the IGE+XAO Group
has consolidated turnover of 15.8 million euros compared to 17.2
million euros one year ago, which is a decrease of 8.0%. During
this period, the Group's activity was affected by the global
Covid-19 pandemic, which started in China at the end of January and
substantially affected western markets starting in March 2020.
Although, in this difficult context, licence and training turnover
dropped, recurring turnover however increased, with in particular
software subscription sales which increased more than 12%.
In parallel, and while still fulfilling all of
its missions with regards to customers and partners via massive
recourse to teleworking and to remote services (remote maintenance
and training), IGE+XAO reduced its operating expenses by 4.4%.
Consecutively, and despite this crisis period that the global
economy is going through, operational profitability* stands at
27.3% and consolidated net income for the Group stands at 3.3
million euros which is net profitability** of 20.7%.
From a financial standpoint, the Group has a
solid structure with, at 30 June 2020, almost no bank debt
excluding the impact of IFRS 16 and a cash flow of 45.5 million
euros.
Backed with these results and solid
fundamentals, and while remaining attentive to the changes in the
economic situation, IGE+XAO, now a subsidiary of Schneider
Electric, intends to pursue its action plan, having as objectives
to accelerate international development, and a high level of
profitability, while still maintaining strong investment in
R&D.
* Operating income in terms of turnover** Net
income in terms of turnoverNote: The half-year financial statements
closed out at 30 June 2020 underwent a limited review by the
auditors of IGE+XAO and were approved by the Board of Directors on
20 July 2020.
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 31 sites and in 20 countries, and has more than 93,840
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_06_Conso_Euro_Comp_Site_200721 def_ANG