AVEVA Group plc ('AVEVA'; stock code: AVV), one of the world's leading providers of engineering data and design IT systems, today announces its preliminary results for the year ended 31 March 2017.


  2017 2016 % Change
Revenue £215.8m £201.5m 7%
Profit before tax £46.9m £29.4m 60%
Adjusted* profit before tax £55.0m £51.2m 7%
Basic earnings per share 59.52p 32.03p 86%
Adjusted* diluted earnings per share 66.81p 61.91p 8%
Net cash £130.9m £107.9m 21%
Total dividend per share 40.0p 36.0p 11%


*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. Adjusted earnings per share also include the tax effects of these adjustments.


  • Revenue up 7.1% to £215.8 million (2016 – £201.5 million), assisted by currency translation
  • Constant currency revenue down 3.8%. H2 ex. Latin America flat on a constant currency basis
  • Recurring revenue up to 76.9% of total revenue (2016 - 76.4%)
  • Adjusted profit before tax up to 7.4% to £55.0 million (2016 - £51.2 million)
  • Net cash from operating acivities before tax up 58.2% to £57.2 million (2016 - £36.1 million)
  • Net cash up 21.3% to £130.9 million (2016 - £107.9 million) despite increased dividend payments
  • Final dividend of 27.0 pence per share taking the total dividend to 40.0 pence per share (2016 – 36.0 pence), an increase of 11.1%
  • Strong progress in executing growth strategy with significant wins with new customers in growth markets and industry verticals, with North America and Power performing strongly

CEO Comment

Commenting on the outlook, Chief Executive James Kidd said:

“AVEVA’s performance was resilient in the context of challenging conditions in our core Oil & Gas and Marine end markets. This demonstrated the strength of our business model, with high levels of recurring revenue and continued strong cash generation. We made good progress in delivering against our growth strategy, with significant new order wins in the Owner Operator market, growing sales of our More Than 3D products and success in broadening our end market exposure. Although the timing of a return to material demand growth in our core end markets is difficult to predict, I am confident that our strategy will deliver good growth in the medium term and that AVEVA is well positioned to benefit from a recovery in our end markets.”