IGE+XAO

A good year 2019 - Operational profitability: 29.2%

Toulouse, IGE+XAO Group announces:

Annual consolidated financial statement for the 2019 financial period (in IFRS format)* and pro-forma consolidated financial statements for the calendar year 2018

A good year 2019 - Operational profitability: 29.2%

Consolidated Profit & Loss In EUR	31/12/2019 audited	31/12/2018 pro-forma	Evolution	31/12/2018 audited
	12 months	12 months**		17 months
Revenues	33,933,804	31,886,483	6.4%	44,266,861
Operating income (loss)	9,777,015	9,277,177	5.3%	12,664,988
Consolidated income before tax	9,677,775	9,463,158	2.3%	12,915,967
Income tax	- 2,586,032	-2,631,245	5.3%	-3,659,926
Consolidated income	7,045,597	6,762,098	4.2%	9,203,955
Net result - Group	6,901,764	6,606,543	4.5%	9,044,891

Consolidated turnover In EUR		31/12/2019 audited	31/12/2018 audited	Evolution
		12 months	12 months**
1st quarter	From 1 January to 31 March	8,516,322	7,937,004	7.3%
2nd quarter	From 1 April to 30 June	8,707,173	8,076,291	7.8%
3rd quarter	From 1 July to 30 September	8,132,512	7,484,294	8.7%
4th quarter	From 1 October to 31 December	8,577,797	8,388,894	2.3%
Fiscal year	From 1 January to 31 December	33,933,804	31,886,483	6.4%

Consolidated turnover for the IGE+XAO Group is 33,933,804 euros in 2019 compared to 31,886,483 euros en 2018, up 6.4%. On a like-for-like basis, IGE+XAO having sold Mayridis Voyages at the beginning of 2019, growth in turnover reaches 7.2%.