AVV Aveva Group Plc

TIDMAVV

RNS Number : 3792K

AVEVA Group PLC

07 July 2017

7 July 2017

AVEVA GROUP PLC

Trading Update

AVEVA Group plc ('AVEVA' or 'the Group'), one of the world's leading providers of engineering data and design IT systems, announces the following trading update ahead of today's AGM for the period from 1 April 2017 to date.

Since the announcement of the FY 2017 results on 23 May 2017, the Group has made a solid start to the financial year and there has not been any noticeable change in the trends reported at that time. We expect the phasing of revenue in FY 2018 to be broadly similar to the prior year.

The Group maintains a strong balance sheet and saw good cash generation in the first quarter, resulting in net cash of GBP152 million at 30 June 2017.

Subject to approval by shareholders at the AGM today, the final dividend of 27.0 pence per share will be payable on 4 August 2017, to shareholders on the register on 7 July 2017.

The full year outlook remains in line with the Board's expectations.

Enquiries:

AVEVA Group plc

Matthew Springett, Head of Investor Relations: +44 (0) 1223 556 676

FTI Consulting LLP

Edward Bridges / Dwight Burden: +44 (0) 203 727 1000

This information is provided by RNS

The company news service from the London Stock Exchange

END

TSTEAKXKEEKXEFF

(END) Dow Jones Newswires

July 07, 2017 02:00 ET (06:00 GMT)

Aveva (LSE:AVV)
Historical Stock Chart
From Apr 2024 to May 2024

Aveva (LSE:AVV)
Historical Stock Chart
From May 2023 to May 2024