CIMdata PLM Industry Summary Online Archive
16 October 2008
Financial News
AVEVA Trading Update
Following the completion of its half year to 30 September 2008, AVEVA Group plc, ("AVEVA") announced the following trading update.
Overall the Group's interim results for the six months ended 30 September 2008 are expected to show strong growth over the same prior year period.
The Group continues to experience strong demand in each of its principal end user markets of oil and gas, power and marine. Geographically Asia Pacific and Central Eastern & Southern Europe remain particularly strong with good customer wins across all our main markets.
With a less pronounced split of profits expected between the first and second halves of the financial year, the performance to date and current sales prospects give the Board confidence that the Group is on track to achieve results for the current year towards the top end of current analyst forecasts.
Richard Longdon, Chief Executive of AVEVA, said: ‘AVEVA has continued to grow robustly in the first half of the financial year and prospects for the second half remain strong. To date there is no indication that the global financial turbulence has affected demand for our products but we continue to keep a careful watch on developments in our market place.'
The Company will be announcing interim results for the six months ended 30 September 2008 on 11 November 2008.
For further information, please consult the AVEVA website: http://www.aveva.com/
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