18th Jan 2008 07:00
AVEVA Group PLC18 January 2008 18 January 2008 AVEVA Group plc Interim Management Statement AVEVA Group plc, ("AVEVA") one of the world's leading providers of engineeringdata and design IT systems, announces the following Interim ManagementStatement, which has been released ahead of schedule. AVEVA has continued to make excellent progress since 30 September, with aparticularly strong end to the third quarter. The major industries in which weoperate continue to see high levels of demand. The Board now believes thatresults for the year ending 31 March 2008 will be significantly ahead of itsexpectations. We have seen strong trading across all regions and each of our major markets ofOil and Gas, Marine and Power performed well. The continued growth in thesemarkets, driven by end user demand as well as high energy prices, looks set toremain and provides a strong platform for our continued success. We have been particularly pleased with our performance in the Asian region wherewe saw high levels of demand for all of our products. The establishment of thepower centre of excellence in China as well as the release of new products hashelped us to benefit from the current heightened levels of activity in theregion. We have also been pleased with our performance in the Central Easternand Southern European (CES) region and the establishment of our Russian officelast year is now helping us to benefit from numerous Oil and Gas and Poweropportunities within this sub-region. The regions of The Americas and Western EMEA are also seeing some excellentgrowth due to the expansion of existing customers and new customer wins acrossall our main markets. This strong trading has further strengthened our financial position and hasallowed us to continue to invest in expanding our software offering, in additionto developing our sales and infrastructure to support the company's futuregrowth. Richard Longdon, Chief Executive of AVEVA commented: "AVEVA has continued toprovide first class products and services to many of the industries' majorproviders of large capital projects. With demand for these large capitalprojects both increasing in number and complexity, we believe that AVEVA isideally positioned to capitalise on the growth both in existing and new marketopportunities." For further information, please consult the AVEVA website: www.aveva.com Enquiries: AVEVA Group plc Tel: 01223 556 611Richard LongdonPaul Taylor Hudson Sandler Tel: 020 7796 4133Sandrine GallienJames White This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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