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Trading statements

AVEVA on track

07 July 2017 07:24

AVEVA Group's full-year outlook remains in line with the board's forecasts, shareholders at today's annual general meeting will be told.

An update ahead of the meeting said: "Since the announcement of the FY 2017 results on 23 May 2017, the group has made a solid start to the financial year and there has not been any noticeable change in the trends reported at that time.

"We expect the phasing of revenue in FY 2018 to be broadly similar to the prior year.

"The group maintains a strong balance sheet and saw good cash generation in the first quarter, resulting in net cash of £152 million at 30 June 2017."

Story provided by StockMarketWire.com

Related Company: AVV

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