19 Apr 2017 07:00
19 April 2017
AVEVA GROUP PLC
Trading Update
AVEVA Group plc ('AVEVA' or 'the Group'), one of the world's leading providers of engineering data and design IT systems, today provides the following trading update for the financial year ended 31 March 2017, based on unaudited results.
The Board is pleased to report that the Group's results, assisted by positive currency translation effects, show a return to growth in both revenue and profit. The Board anticipates that the results will be broadly in line with market expectations and that cash generation will be ahead of expectations with the Group closing the year with cash of approximately £130 million.
Further details will be provided when AVEVA announces its results for the financial year on 23 May 2017.
Enquiries:
AVEVA Group plc
Matthew Springett, Head of Investor Relations: +44 (0) 1223 556 676
FTI Consulting LLP
Edward Bridges / Dwight Burden: +44 (0) 203 727 1000