AVEVA Group PLC FY 2022 H1 Trading Update (3341Q)
27 October 2021 - 5:00PM
UK Regulatory
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RNS Number : 3341Q
AVEVA Group PLC
27 October 2021
AVEVA GROUP PLC
FY 2022 H1 Trading Update
AVEVA Group plc ('AVEVA' or 'the Group') announces the following
trading update for the period from 1 April 2021 to 30 September
2021.
AVEVA's revenue grew by approximately 9% in the first half of
the financial year on a pro forma organic constant currency
basis(1) , before FX translation headwinds arising due to the
relative strength of Sterling. This increase drove significant
margin leverage and growth in adjusted EBIT.
All of the Group's fee types grew, with a particularly strong
contribution from the recently acquired OSIsoft business.
Maintenance and Services revenue increased at a low single digit
rate, while Subscription and Perpetual licence revenue grew at a
mid- to high-teens rate.
AVEVA will report its results for the six months ended 30
September 2021 on 10 November 2021.
(1) Pro forma organic constant currency revenue growth includes
both AVEVA and OSIsoft in the prior year comparator and is adjusted
for foreign exchange translation movements, disposals and the
impact of the deferred revenue haircut under IFRS 3 (Business
Combinations).
Enquiries:
AVEVA Group plc
Matthew Springett, Head of Investor Relations: +44 (0) 7789 818
684
FTI Consulting LLP
Edward Bridges / Dwight Burden: +44 (0) 203 727 1000
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