CIMdata PLM Industry Summary Online Archive
11 October 2005
Financial News
AVEVA Group plc-Pre-Close Trading Update
Following the completion of its half year to 30 September 2005, AVEVA announced the following pre-close trading update.
Overall, the Company has had a very satisfactory first half of the year.
Trading in AVEVA's main markets of oil & gas, power and marine and its major geographies of Asia Pacific, America's and Europe has continued to strengthen.
Further investment in people and infrastructure in emerging economies around the world has helped generate some early customer wins from these territories and continues to enhance AVEVA's position as a leader in its markets.
The development of the VNET product and services team, although still in its early stages, remains on track. In the core business, the delivery of our first combined process and marine product VANTAGE Marine has been very well received by our customers.
The Board expects the full year results to be less weighted to the second half than in previous years, and we remain very confident of delivering full year results in line with existing market expectations.
Richard Longdon, Chief Executive of AVEVA said: "We have strong momentum across the business and are successfully capitalizing on our leading positions in high growth markets."
The Company will be announcing its interim results for the 6 months ended 30 September 2005 on Wednesday, 9 November 2005.
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