Edition:
India

AVEVA Group PLC (AVV.L)

AVV.L on London Stock Exchange

4,364.00GBp
5 Aug 2020
Change (% chg)

142.00 (+3.36%)
Prev Close
4,222.00
Open
4,241.00
Day's High
4,393.00
Day's Low
4,241.00
Volume
131,917
Avg. Vol
227,354
52-wk High
5,350.00
52-wk Low
2,634.00

Latest Key Developments (Source: Significant Developments)

Aveva Says Continued To Deliver Strong Growth In Recurring Revenue During Q1
Wednesday, 29 Jul 2020 

July 29 (Reuters) - AVEVA Group PLC ::AVEVA - CONTINUED TO DELIVER STRONG GROWTH IN RECURRING REVENUE DURING Q1.AVEVA - DESPITE COVID-19 RELATED DISRUPTION, DEMAND FOR AVEVA'S SOFTWARE HAS BEEN ROBUST.AVEVA - ORDER PIPELINE FOR REMAINDER OF FISCAL YEAR SOLID, EXPECTED TO BENEFIT FROM LARGE CONTRACT RENEWALS IN SECOND HALF OF FINANCIAL YEAR.AVEVA - WILL PAY A FULL YEAR DIVIDEND IN RESPECT OF FINANCIAL YEAR ENDED 31 MARCH ON 11 AUGUST 2020.AVEVA - QTRLY OVERALL GROUP ORGANIC CONSTANT CURRENCY REVENUE DECLINED 3.5%.  Full Article

Aveva Group Says Final Dividend Maintained At 29.0 Pence Per Share
Tuesday, 9 Jun 2020 

June 9 (Reuters) - AVEVA Group PLC ::FY ADJUSTED EBIT ROSE 23.3 PERCENT TO 216.8 MILLION STG.FY REVENUE ROSE 8.8 PERCENT TO 833.8 MILLION STG.FINAL DIVIDEND MAINTAINED AT 29.0 PENCE PER SHARE.HAS NOT FURLOUGHED ANY EMPLOYEES OR MADE ANY REDUCTIONS TO HEADCOUNT RELATED TO COVID-19.DO NOT EXPECT TO UTILISE ANY GOVERNMENT-BACKED FINANCING.TAKING ACTIONS WHICH ARE EXPECTED TO RESULT IN A REDUCTION IN COSTS OF APPROXIMATELY £50-60 MILLION.EXPECTS TO MAKE CONTINUED PROGRESS TOWARDS MEDIUM-TERM ADJUSTED EBIT MARGIN TARGET OF 30%.SEEING SOME IMPACT FROM DISRUPTION CAUSED BY DOWNTURN AND EXPECT TO CONTINUE, PARTICULARLY IN H1 OF FINANCIAL YEAR.FY ADJUSTED PROFIT BEFORE TAX 213.8 MILLION STG VERSUS 175.4 MILLION STG.FY PROFIT BEFORE TAX 92.0 MILLION STG VERSUS 46.7 MILLION STG.  Full Article

Aveva Says Had Satisfactory Close To FY, Sees Rev Growth Of About 9%
Thursday, 16 Apr 2020 

April 16 (Reuters) - AVEVA Group PLC ::AVEVA - AVEVA HAD A SATISFACTORY CLOSE TO ITS FINANCIAL YEAR,.AVEVA - REVENUE GROWTH IS EXPECTED TO BE APPROXIMATELY 9% ON A REPORTED BASIS FOR FULL YEAR.AVEVA - REVENUE MAY BE IMPACTED BY DISRUPTION CAUSED BY GLOBAL MACRO-ECONOMIC DOWNTURN, PARTICULARLY IN FIRST 6 MONTHS OF FY FROM 1 APRIL TO 30 SEPT.AVEVA - GROUP HAS A STRONG BALANCE SHEET WITH OVER £110M OF CASH AT 31 MARCH 2020 AND NO DEBT.AVEVA - GROUP HAS AN UNDRAWN £100M REVOLVING CREDIT FACILITY, WHICH IS AVAILABLE UNTIL EARLY CALENDAR YEAR 2023..AVEVA - WILL MAKE A DECISION ON FY20 FINAL DIVIDEND AS PART OF FULL YEAR RESULTS ANNOUNCEMENT, WHICH IS EXPECTED TO BE IN EARLY JUNE 2020..  Full Article

Aveva Says Emmanuel Babeau Will Resign As Vice Chairman Of Board
Monday, 23 Mar 2020 

March 23 (Reuters) - AVEVA Group PLC ::AVEVA GROUP PLC - DIRECTOR RESIGNATION AND NEW APPOINTMENT.AVEVA - EMMANUEL BABEAU WILL RESIGN AS A NON-EXECUTIVE DIRECTOR, VICE CHAIRMAN OF BOARD.AVEVA - PETER HERWECK WILL ASSUME ROLE OF VICE CHAIRMAN EFFECTIVE 30 APRIL 2020.  Full Article

Aveva Says Coronavirus Outbreak Is Having Some Impact On Sales In China
Thursday, 20 Feb 2020 

Feb 20 (Reuters) - AVEVA Group PLC ::TRADING UPDATE.ACHIEVED HIGH SINGLE-DIGIT ORGANIC CONSTANT CURRENCY REVENUE GROWTH IN FIRST TEN MONTHS OF FINANCIAL YEAR.AT A GROUP LEVEL AVEVA HAD A GOOD START TO Q4.ORDER PIPELINE FOR REMAINING WEEKS OF FINANCIAL YEAR IS SOLID.ONGOING DISRUPTION IN CHINA, CAUSED BY CORONAVIRUS, DUE TO TRAVEL RESTRICTIONS & OFFICE CLOSURES, IS HAVING SOME IMPACT ON SALES THERE.  Full Article

Aveva Group Half-Year Profit Rises
Tuesday, 12 Nov 2019 

Nov 12 (Reuters) - AVEVA Group PLC ::HALF-YEAR REPORT.HY REVENUE GREW 16.5% TO £391.9M (H1 FY19: £336.5M).HY ADJUSTED EBIT UP 66.5% TO £90.6M (H1 FY19: £54.4M). CONSTANT CURRENCY ADJUSTED EBIT GREW BY 46.5%.INTERIM DIVIDEND UP 10.7% TO 15.5 PENCE PER SHARE (H1 FY19: 14.0 PENCE).OUTLOOK REMAINS POSITIVE.SEE STRONG DEMAND FOR DIGITALISATION AND INDUSTRIAL SOFTWARE WITHIN INDUSTRIES WE SERVE.AIMS TO GROW MEDIUM-TERM REVENUE ON A CONSTANT CURRENCY BASIS AT LEAST IN LINE WITH BLENDED GROWTH RATE OF INDUSTRIAL SOFTWARE MARKET.GROUP AIMS TO INCREASE ADJUSTED EBIT MARGINS TO 30% IN MEDIUM TERM.  Full Article

Aveva Reports Low Double-Digit HY Revenue Growth On A Proforma Constant Currency Basis
Thursday, 24 Oct 2019 

Oct 24 (Reuters) - AVEVA Group PLC ::AVEVA GROUP PLC - TRADING UPDATE.AVEVA GROUP PLC - GROUP ACHIEVED LOW DOUBLE-DIGIT REVENUE GROWTH ON A PROFORMA CONSTANT CURRENCY BASIS IN FIRST HALF..AVEVA GROUP - IN FIRST HALF, FURTHER BENEFITED FROM EARLY RENEWAL OF LARGE EPC CONTRACT AND MODERATE INCREASE IN REVENUE FROM MULTI-YEAR CONTRACTS.  Full Article

Aveva Group Signs Agreement With Husky Energy
Wednesday, 19 Jun 2019 

June 19 (Reuters) - AVEVA Group PLC ::SIGNED AGREEMENT WITH HUSKY ENERGY TO DELIVER END-TO-END SUPPLY CHAIN MANAGEMENT SOLUTION FOR HUSKY'S DOWNSTREAM BUSINESS.  Full Article

AVEVA Group Announces New Global Agreement With Covestro
Monday, 20 May 2019 

May 20 (Reuters) - AVEVA Group PLC ::AVEVA ANNOUNCES NEW GLOBAL AGREEMENT WITH COVESTRO TO TRANSFORM PROCESS ENGINEERING AND SIMULATION.  Full Article

Aveva Says FY Outlook Remains In Line With Board Expectations
Wednesday, 19 Sep 2018 

Sept 19 (Reuters) - AVEVA Group PLC ::CONTINUED TO DELIVER CONSTANT CURRENCY REVENUE GROWTH IN FY TO DATE AND FULL YEAR OUTLOOK REMAINS IN LINE WITH BOARD'S EXPECTATIONS.AIMS TO GROW MEDIUM TERM REVENUE ON CONSTANT CURRENCY BASIS, WHICH WE CURRENTLY ESTIMATE TO BE GROWING AT A MID-SINGLE DIGIT RATE.GROUP AIMS TO INCREASE MEDIUM-TERM ADJUSTED EBIT MARGIN TO 30%.GROUP AIMS TO INCREASE ITS RECURRING REVENUE AS A PERCENTAGE OF TOTAL REVENUE OVER MEDIUM-TERM.  Full Article

Photo

Breakingviews - Corona Capital: Goldman, Vroom, Deutsche Bank

NEW YORK/LONDON/HONG KONG (Reuters Breakingviews) - Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.