Press Releases
AVEVA announces record results Year End 31st March 2007
22 May 2007AVEVA Group plc (“AVEVA”; stock code: AVV), one of the world’s leading providers of engineering data and design IT systems, today announces its audited results for the year ended 31 March 2007.
Highlights
- Another record year of revenue, profit and cash growth
- Revenues up 44% to £94.9 million (2006: £65.9 million)
- Recurring revenues up 29% at £52.7 million (2006: £40.9 million)
- Adjusted profit before tax, amortisation, share-based payments and goodwill adjustment up 104% to £28.1 million (2006: £13.8 million)
- Adjusted earnings per share up 96% to 31.71p (2006: 16.15p)
- Profit before tax £24.7 million (2006: £11.2 million)
- Basic earnings per share up 119% to 26.59p (2006: 12.14p)
- Strong cash flow with net cash at the year end of £41.3 million (2006: £23.5 million)
- Increased final dividend of 2.94p (2006: 1.73p) bringing the full year dividend to 4.18p (2006: 2.46p) – an increase of 70%
- Investment in Research and Development increased 27% to £17.6 million (2006: £13.9 million)
Nick Prest, Chairman, commented: "AVEVA’s people and solutions are world class and represent a highly focused and truly global organisation. The marine, oil and gas and power markets in which we operate look set to remain strong, with demand in some areas driving order books to an all time high. With such momentum in the Company and the markets which we serve the Board believes that the outlook remains very positive.”
For full information Download Results (pdf).
Enquiries:
AVEVA Group plc
On 22nd May: Tel +44 (0)20 7796 4133
Thereafter: Tel +44 (0)1223 556 611
Richard Longdon
Paul Taylor
Hudson Sandler Tel +44 (0)20 7796 4133
Andrew Hayes
Sandrine Gallien
James White
An analysts’ briefing will be held at the offices of Hudson Sandler at 29 Cloth Fair, London EC1A 7NN at 9.30am on 22 May 2007.
For further information please contact Alix Haysom on 020 7796 4133.
