AVEVA Group plc ('AVEVA'; stock code: AVV), one of the world's leading providers of engineering data and design IT systems, today announces its interim results for the six months ended 30 September 2016.

Financials -

Six months ended 30 September 2016 2015 Change
Revenue £84.3m £82.0m 3%
Adjusted* PBT £9.1m £9.3m (2%)
Profit (loss) before tax  £5.5m (£0.8m) N/A
Basic earnings/(loss) per share 6.47p (3.99p) N/A
Adjusted* diluted earnings per share 9.92p 10.06p (1%)
Net cash £124.4m £105.7m 18%
Interim dividend per share 13.0p 6.0p 117%


* Adjusted profit before tax and adjusted earnings per share are calculated before amortisation of intangible assets (excluding other software), share-based payments, gain/loss on fair value of forward foreign exchange contracts and exceptional items. In addition, adjusted earnings per share also include the tax effects of these adjustments.


  • Revenue up 3% to £84.3m (2015 – £82.0m), assisted by currency translation
  • Adjusted PBT broadly flat at £9.1m (2015 – £9.3m)
  • Net cash from operating activities up 18% to £36.4m (2015 – £30.9m)
  • Net cash up 15% in the period to £124.4m (31 March 2016 – £107.9m)
  • Interim dividend of 13.0 pence per share, up 117%, following the Board’s decision to re-weight the total dividend payment more heavily toward the interim dividend than in prior periods (2015 – 6.0 pence)
  • AVEVA Connect™ offering and AVEVA NET Connect™, our new Information Management as a Service offering, launched at the AVEVA World Summit in October
  • Full year outlook remains in line with the Board’s expectations

Chairman Comment

Chairman, Philip Aiken said:

“The first half financial performance was resilient in the context of current market conditions, with strong cash generation highlighting the strength of our business model. We have made good progress in laying the foundations for growth, progressing our readiness for future SaaS/Cloud demand and winning significant new contracts. There have been some changes to our Board and we were delighted to appoint James as Chief Executive which will ensure continuity in driving the Group's strategy. Looking forward, the full year outlook remains in line with the Board’s expectations.”