press-release-ige-xao-group
Operating income € 3,107,699 up 20.5% Consolidated accounts for 2005/2006 (IFRS norms) A profitability beyond the objectives Toulouse, 31st. October 2006 – <strong>IGE+XAO</strong> <strong>Group</strong> announces : <strong>PRESS</strong> <strong>RELEASE</strong> <strong>Group</strong> net income € 2,052,946 up 17.3 % In € 2005/2006 2004/2005 Increase Turnover 19,698,405 18,370,965 7.2% Other operating revenues (including operating tax credit) 333,993 211,273 58.1% Total operating revenues 20,032,398 18,582,238 7.8% Operating income 3,107,699 2,577,042 20.5% Net income – Own equity holding in <strong>Group</strong> 2,052,946 1,750,090 17.3% During 2005/2006, <strong>IGE+XAO</strong> entrenched its development with a turnover of € 19,698,405 an increase of 7.2% on the previous fiscal. On its plans for profitability, the Company’s performance is significant with an operating profit rising to € 3,107,699 up 20.5% and with the net income reaching € 2,052,946 an increase of 17.3%. The net margin of 10.4% of turnover thus achieved, underwrites the objective between 8% and 10% announced by the <strong>Group</strong> Board of Directors. At the same time, <strong>IGE+XAO</strong> strengthened its financial position with the absence of long-term financial debt, cash-at-bank of € 10,193,927 (€ 8,970,715 in 2004/2005), and a total shareholder’s equities of € 11,649,114 (€ 10,348,618 in 2004/2005). This very healthy financial position gives the <strong>Group</strong> the ability to achieve its commercial and technical development objectives. In 2005/2006, the <strong>Group</strong> thereby increased its international presence with the acquisition of its Swiss distributor Hibatec GmbH, the creation of a marketing subsidiary in the United States and the opening of a representative office in China. Significant commercial agreements have been signed notably with Schneider Electric in June 2006 and Embraer very recently in October 2006. On the technical plan, <strong>IGE+XAO</strong> has persuaded a large research and development effort in order to market in particular an integrated program to manage the life cycle of an electrical installation (PLM). Finally, and in accordance with <strong>IGE+XAO</strong> policy, the Board of Directors will propose at the Annual General Meeting, a dividend distribution amounting to € 350,800 compared to € 315,720 in 2004/2005.
Source URL: Read More
The public content above was dynamically discovered – by graded relevancy to this site’s keyword domain name. Such discovery was by systematic attempts to filter for “Creative Commons“ re-use licensing and/or by Press Release distributions. “Source URL” states the content’s owner and/or publisher. When possible, this site references the content above to generate its value-add, the dynamic sentimental analysis below, which allows us to research global sentiments across a multitude of topics related to this site’s specific keyword domain name. Additionally, when possible, this site references the content above to provide on-demand (multilingual) translations and/or to power its “Read Article to Me” feature, which reads the content aloud to visitors. Where applicable, this site also auto-generates a “References” section, which appends the content above by listing all mentioned links. Views expressed in the content above are solely those of the author(s). We do not endorse, offer to sell, promote, recommend, or, otherwise, make any statement about the content above. We reference the content above for your “reading” entertainment purposes only. Review “DMCA & Terms”, at the bottom of this site, for terms of your access and use as well as for applicable DMCA take-down request.