You are here

Prices & Quotes - UK Markets - Aveva Group (AVV)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
3,809.00p
Change Today:
0.000p
Market Cap:
11,471m
Sector:
Software & Computer Services

Aveva confident on outlook after strong third quarter

By Sean Farrell

Date: Friday 15 Jan 2021

LONDON (ShareCast) - (Sharecast News) - Aveva said it was confident in its outlook for annual results after a "strong" third quarter improved revenue growth to about 1.5% in the first nine months of the year.




Organic constant currency recurring revenue rose 10% over nine months taking it to 68% of group revenue. On the same basis revenue rose 26% in the third quarter, the industrial software group said.

Revenue growth was driven by plenty of scheduled subscription renewals including a big three year contract in the food sector. A large engineering, procurement and construction contract was renewed early and two big marine contracts moved from annual fees to multiyear subscription.

The FTSE 100 company said its order pipeline for the rest of the year was solid though there were fewer big contract renewals than in the third quarter. On 31 December Aveva had $2.7bn (2bn) of cash and no debt after its rights issue for the acquisition of OSI soft.

"The board remains confident in the full-year outlook for Aveva," the company said. "Notwithstanding the disruption seen to the trading environment in 2020, the trend towards the digitalisation of the industrial world is strong and the board remains excited about the significant growth opportunities ahead."

Aveva agreed to buy OSI soft, a US real-time data software maker, in August for $5bn including debt. OSIsoft is performing well and grew billings by 8.5% in the year to the end of December. The deal is due to get US approval in February and to complete soon after.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Aveva Group Market Data

Currency UK Pounds
Price 3,809.00p
Change Today 0.000p
52 Week High 4,102.40p
52 Week Low 2,599.90p
Volume 0
Shares Issued 301.15m
Market Cap 11,471m
Beta 0.00

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. empty market
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Price Trend
market
  1. full market star
  2. full market star
  3. half market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector
Income
market
  1. empty market
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector
Growth
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. half sector star
Price Chg 6m
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. half sector star
  3. empty sector
  4. empty sector
  5. empty sector
P/E
market
  1. full market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. half sector star
  3. empty sector
  4. empty sector
  5. empty sector
PEG
market
  1. empty market
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Dividend Yield
market
  1. half market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. half sector star
  4. empty sector
  5. empty sector
EPS Growth
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
Operating Margin
market
  1. full market star
  2. full market star
  3. full market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector

What The Brokers Say

Strong Buy 9
Buy 0
Neutral 3
Sell 0
Strong Sell 0
Total 12
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Aveva Group Dividends

  Latest Previous
  Interim Final
Ex-Div 07-Jan-21 09-Jul-20
Paid 05-Feb-21 11-Aug-20
Amount 15.50p 29.00p

Trades

No recent trades found

Aveva Group Key Personnel

CFO James Kidd
Chair Philip Aiken
CEO Craig Hayman