AVEVA Group PLC Trading Update (3792K)
July 07 2017 - 1:00AM
UK Regulatory
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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
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