10th Jul 2008 07:00
10 July 2008
AVEVA Group plc
Interim Management Statement
for the period from 1 April 2008 to 30 June 2008
Ahead of today's Annual General Meeting AVEVA Group plc ("AVEVA"), one of the world's leading providers of engineering data and design IT systems, announces its Interim Management Statement for the period from 1 April 2008 to 30 June 2008.
The Group has had a good start to the financial year and is pleased with the progress made so far, which is in line with the Board's expectations. Levels of demand remain high across its geographies and in all of the sectors in which it operates. The Asia-Pacific and the Central, Eastern and Southern European regions remain particularly strong with new customer wins across many of our vertical markets. In the Americas and Western Europe, the Middle East and Africa markets we continue to see expanding opportunities in our traditional verticals as our customers expand usage and look to new solutions to increase efficiencies.
AVEVA's world class design solutions, supported by the recent upgrades to both AVEVA Plant and AVEVA Marine, continue to be in high demand particularly in the Oil & Gas, Power & Marine industries. At the same time, and as previously announced, the Group is pushing ahead with its plan to increase its presence in the Product Lifecycle Management (PLM) markets with its AVEVA NET solutions.
AVEVA's continued focus on developing a broad range of software products that help manage the increasing complexity of engineering projects, combined with strong relationships with some of the world's leading companies and exposure to buoyant industries, means that at this early stage in the year, the Board remains optimistic about the Group's growth prospects.
The Group's financial strength and market position allows significant investment in its sales network and product development, as it looks to capitalise on the growth in existing markets and exploit new opportunities which are constantly being identified.
For further information, please consult the AVEVA website: www.aveva.com
Enquiries:
|
AVEVA Group plc |
Tel: 01223 556 611 |
|
Richard Longdon |
|
|
Paul Taylor |
|
|
Hudson Sandler |
Tel: 020 7796 4133 |
|
Andrew Hayes / Sandrine Gallien / James White |
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