11th Oct 2005 07:00
AVEVA Group PLC11 October 2005 11 October 2005 AVEVA Group plc Pre-close trading update Following the completion of its half year to 30 September 2005, AVEVA is pleasedto announce the following pre-close trading update. Overall, the Company has had a very satisfactory first half of the year. Trading in AVEVA's main markets of oil & gas, power and marine and its majorgeographies of Asia Pacific, America's and Europe has continued to strengthen. Further investment in people and infrastructure in emerging economies around theworld has helped generate some early customer wins from these territories andcontinues to enhance AVEVA's position as a leader in its markets. The development of the VNET product and services team, although still in itsearly stages, remains on track. In the core business, the delivery of our firstcombined process and marine product "Vantage Marine" has been very well receivedby our customers. The Board expects the full year results to be less weighted to the second halfthan in previous years, and we remain very confident of delivering full yearresults in line with existing market expectations. Richard Longdon, Chief Executive of AVEVA said: "We have strong momentum acrossthe business and are successfully capitalising on our leading positions in highgrowth markets." The Company will be announcing its interim results for the 6 months ended 30September 2005 on Wednesday 9 November 2005. Enquiries: AVEVA Group plc Tel: 01223 556 611Richard LongdonPaul Taylor Hudson Sandler Tel: 020 7796 4133Andrew HayesJames Hill About AVEVA Group plc AVEVA Group plc is one of the world's foremost and fastest-growing lifecycleengineering IT solutions and services providers to the oil and gas, paper andpulp, power, chemical, pharmaceutical and shipbuilding industries. Listed on theLondon Stock Exchange (LSE:AVV), the Group reported, for the year ended March2005, a growth in turnover of 51% over 2004. The Group has grown consistentlysince 1967 on the strength of pioneering engineering technology that protectsthe information assets of its customers from the volatile nature of the ITindustry. The Group's history of innovation spans five decades and has produced most oftoday's major engineering IT technologies. Serving over 1500 clients, AVEVA hasa dominant position in many market sectors both on and offshore. In May 2004,the Group acquired Tribon Solutions AB, the market-leading shipbuilding solutioncompany and now serves 85% of the world's top 20 shipbuilders. The Group's clients include leading plant owner operators, shipbuilders andengineering contractors such as 3M, ALSTOM Power, AMEC, BASF, China HuanqiuContracting & Engineering Corporation, Daewoo Heavy Industries, DaewooShipbuilding & Marine Engineering (DSME), Dalian New Shipbuilding, Du Pont,Electricite de France, Framatome ANP, Halliburton, Hanjin Heavy Industries,Hitachi, Hudong Zhonghua Shipyard, Hyundai Heavy Industries, Kawasaki HeavyIndustries, Kawasaki Shipbuilding Corporation, Kvaerner, Merck, Mitsubishi HeavyIndustries, Mitsui Engineering & Shipbuilding, North-West Electric Power DesignInstitute, Petronas Carigali, Samsung Engineering, Shanghai WaigaoqiaoShipbuilding, Shell, Sinopec Engineering Incorporation, STX Shipbuilding andUhde. Headquartered in Cambridge, England, AVEVA Group plc and its operatingsubsidiaries currently employ more than 500 staff worldwide with offices inEngland, Australia, China, France, Germany, Hong Kong, India, Italy, Japan,Malaysia, Norway, Russia, Saudi Arabia, Singapore, Sweden, South Korea and theUSA. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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