Aveva increases 2013 final dividend by 13%

DividendMax Ltd.

Aveva increases 2013 final dividend by 13%


• Constant currency organic revenue growth of 10%

• Adjusted PBT margin 33% (2013 - 32%)

• Adjusted basic EPS growth of 19%

• Significant progress with AVEVA E3D™, with a number of global customers licensing the new platform

• Engineering & Design Systems revenue - £211.5m (2013 - £189.5m); Enterprise Solutions revenue - £25.9m (2013 - £30.7m)

• Strong growth in Asia Pacific up 19% (2013 - 14%)

• Recurring revenue steady at 70% with 11% growth in rental licences

• Cash conversion of 102% (2013 - 97%), reflecting focus on cash collection

Final dividend increased by 13% to 22p from 19.5p


Commenting on the outlook, Chief Executive Richard Longdon said:

"The broad international spread of our business, combined with robust underlying market drivers, has once again proved effective in enabling us to deliver strong underlying growth and an improvement in profit margin, despite varied economic conditions across some of the regions in which we operate, and different rates of expansion across our chosen markets. This reflects AVEVA's strong competitive position, and the value that our Engineering and Design and Information Management solutions deliver to our customers. We are confident we can achieve our targets for further growth."

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