AVEVA Group PLC Trading Update (6537C)

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RNS Number : 6537C

AVEVA Group PLC

19 April 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, today provides the following trading update for the financial year ended 31 March 2017, based on unaudited results.

The Board is pleased to report that the Group's results, assisted by positive currency translation effects, show a return to growth in both revenue and profit. The Board anticipates that the results will be broadly in line with market expectations and that cash generation will be ahead of expectations with the Group closing the year with cash of approximately GBP130 million.

Further details will be provided when AVEVA announces its results for the financial year on 23 May 2017.

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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April 19, 2017 02:00 ET (06:00 GMT)