11th Apr 2006 07:00
AVEVA Group PLC11 April 2006 11 April 2006 AVEVA Group plc Trading Update Following the completion of its full year to 31 March 2006, AVEVA Group plc ("AVEVA"; stock code: AVV), one of the world's leading providers of engineeringdata and design IT systems, is pleased to announce the following pre closetrading update. We experienced strong trading in the second half of the year with continued goodgrowth across the business. The Company has won a number of contracts fromcompetitors in Central Europe and continues to exploit significant growthopportunities in the Asia Pacific region. Prior to the year-end we signed a material and strategic contract with KawasakiShip Building Corporation to supply our Marine solutions worth approximately £1million in the first year, with recurring annual revenues thereafter. Inaddition we have benefited from signing a number of important new contractsearlier than expected. We continued with the successful development of Vantage Enterprise Net (VNET),although investment and associated revenues were slightly behind expectations.The pipeline of new business continues to strengthen as this relatively newsolution gains greater market acceptance. As a result of the progress outlined above we expect to report profit before taxfor the year to 31 March 2006 significantly ahead of current market consensus. The Company will be announcing its preliminary results on 18 May 2006. Richard Longdon, Chief Executive of AVEVA commented: "AVEVA has continued tobuild on its success in the second half of the year. Our innovative products,strong relationships with some of the world's leading companies and exposure tobooming high growth markets, has resulted in a performance significantly aheadof expectations." Enquiries: Aveva Group plc Tel: 01223 556 611Richard LongdonPaul Taylor Hudson Sandler Tel: 020 7796 4133Sandrine GallienJames Hill This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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