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Interim Management Statement

27th Jan 2012 07:00

RNS Number : 2701W
AVEVA Group PLC
27 January 2012
 



 

27 January 2012

AVEVA Group plc

 

Interim Management Statement

 

AVEVA Group plc ('AVEVA'; stock code: AVV), one of the world's leading providers of engineering data and design IT systems, today announces the following Interim Management Statement for the period from 1 October 2011 to date ("the period").

 

Since the announcement of the Interim Results in November 2011, overall the Group has continued to perform well and in line with the Board's expectations and we remain confident of a successful outturn for the year.

 

The Group has seen continued demand for Engineering and Design Systems and good levels of interest in the new engineering tools. We have seen a number of large rental contracts renewed in the period at the same or improved terms compared to the prior year reflecting the continuing strength of our end user markets, particularly in Oil & Gas.

 

In the same period we have won Enterprise Solutions contracts with some strategically important new customers which will add to the backlog heading into 2012/13. We continue to focus on the owner operators and remain confident about the opportunity in this market.

 

Geographically we have seen the same trends with EMEA and Latin America continuing to perform strongly. Following the restructuring in China we are seeing increased momentum confirming our positive view about our prospects in this market.

 

 

AVEVA Group plc

Tel: 01223 556 611

Richard Longdon, Chief Executive

 

James Kidd, Chief Financial Officer

 

 

 

 

Hudson Sandler

 

Tel: 020 7796 4133

Andrew Hayes / Wendy Baker 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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