12th Jul 2007 07:00
AVEVA Group PLC12 July 2007 12 July 2007 AVEVA Group plc Interim Management Statement Ahead of today's Annual General Meeting AVEVA Group plc, ("AVEVA"), one of theworld's leading providers of engineering data and design IT systems, ispublishing its first Interim Management Statement. AVEVA has made solid progress over the first quarter and to date. The majorindustries in which we operate continue to see high levels of demand and theBoard continues to remain optimistic about the Company's prospects. Geographically we have seen good sales growth in all our major regions. The American market continues to grow in line with our expectations. Thepreviously announced sale of $2.5m AVEVA Net portal (VNET) product to a US OilMajor secured a good start. In addition, we have decided to strengthen ourefforts in this region with the appointment of Rob Glasier as Executive VicePresident of the Americas on 2nd July 2007. Rob has extensive experience insales and marketing, and was recently responsible for AVEVA Americas' Marine andasset information lifecycle management business. Prior to AVEVA, Rob was Headof Business Development for RealityWave Inc. and at Intergraph Corporation formany years, running Intergraph's Process, Power, and Building Solutions (PDS)Division. Demand remains high in Asia across all our major verticals, with the largestcontributors to growth to date being contract wins for Marine and Power. Growth in our other two regions, Central, Eastern and Southern Europe, andWestern Europe, Middle East and Africa continues to be driven by both newcustomer wins across all our major verticals and the expansion of existingcustomer contracts. The expansion of these contracts is being driven by bothlocal and global demands for complex high value projects. Our financial strength and market position has continued to allow us to makesignificant investment in our sales network and product development, as we lookto capitalise on the growth in our existing markets and exploit the newopportunities which we are identifying, in particular for the product life cyclemanagement tools. Overall the Board is very satisfied with the Company's progress to date. For further information, please consult the AVEVA website: www.aveva.com AVEVA Group plc Tel: 01223 556 611Richard LongdonPaul Taylor Hudson Sandler Tel: 020 7796 4133James White This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
AVV.L