CIMdata PLM Industry Summary Online Archive
12 November 2007
Financial News
AVEVA Group plc Interim Results for Six Months Ended 30 September 2007
AVEVA Group plc announced its unaudited results for the six months ended 30 September 2007.
Highlights
• Strong growth in revenues, profits and cash reflecting the leadership position of our products in buoyant marine, oil and gas and power markets
• Revenue increased by 24% to £56.8 million (2006: £45.9 million)
• Recurring revenues up 17% to £28.6 million (2006: £24.4 million)
• Adjusted profit before tax increased by 32% to £18.6 million (2006: £14.1 million)*
• Profit before tax up 32% to £16.9 million (2006: £12.8 million)
• Adjusted basic earnings per share up 30% to 19.97p (2006: 15.31p)
• Basic earnings per share up 31% to 17.50p (2006: 13.37p)
• Interim dividend increased by 33% to 1.65p (2006: 1.24p) reflecting the Board's continued confidence in the Company's prospects
• Excellent cash flow with net cash at the period end of £54.5 million (2006: £30.4 million)
Commenting on the outlook, Chairman Nick Prest said:
"AVEVA has built an excellent reputation amongst the world's leading engineering companies for innovative products and first class support. Our significant investment in R&D and resulting launch of new products into strongly growing markets position the Company for further expansion. In addition, the maturing of the new AVEVA NET products will provide an additional platform for sales into the Owner / Operator market."
Click to download the full statement.
Click for the PowerPoint presentation .
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