Consolidated turnover for 1st quarter 2016/2017 - Turnover up 3%

Consolidated turnover for 1st quarter 2016/2017 - Turnover up 3%

Over the first quarter 2016/2017, IGE+XAO has consolidated turnover of 6,387,301 euros compared to 6,203,669 euros in 2015/2016, which is an increase of 3%. Activity was particularly dynamic in Europe and with major international accounts. Backed with the beginning of the financial period and the performance of the last financial period, which generated operational profitability and net profitability respectively of 25.6% and 19.1%, the IGE+XAO Group confirms its desire to strengthen its operations around its main strategic objectives for development:

innovation which is in particular present in the Group's dynamic policy in terms of R&D (25% of consolidated turnover);

the opening of new markets with ,from an international standpoint, the creation of new subsidiaries and with the diversification of its offering through the launching of new product and service lines;

and the strengthening of partnerships in the continuity of the actions developed until now, with in particular the development of a network of business getters and the setting up of technical or commercial agreements with software publishers, manufacturers of electrical

equipment or providers of additional services.

This proactive strategy is fully integrated into the Group's economic model that aims for growth and high profitability