AVEVA Group PLC Update following Schneider Electric Q3 results (7239U)
October 26 2017 - 6:44AM
UK Regulatory
TIDMAVV
RNS Number : 7239U
AVEVA Group PLC
26 October 2017
26 October 2017
AVEVA GROUP PLC
Update following Schneider Electric Q3 results
AVEVA Group plc ('AVEVA' or 'the Group'), one of the world's
leading providers of engineering data and design IT systems, notes
the announcement of the Schneider Electric Q3 results.
As part of the Q3 announcement, Schneider Electric reported its
Industrial Software portfolio grew revenues by c.3% organic. This
is consistent with the strengthening trend which was referenced in
the prospectus dated 6 September 2017, relating to the proposed
combination of AVEVA with the Schneider Electric Software Business
("the Combination"). It should be noted that the Industrial
Software portfolio of Schneider Electric to which this metric
relates corresponds broadly, but not precisely, to the assets which
are the subject of the Combination.
As previously announced, AVEVA will release its interim results
for the six months ended 30 September 2017 on Tuesday 14 November
2017. The Company expects to give a further update on the
performance of the Schneider Electric Software Business for the six
months to 30 September 2017 at that point.
Enquiries:
AVEVA Group plc
Matthew Springett, Head of Investor Relations: +44 (0) 1223 556
676
FTI Consulting LLP
Edward Bridges / Dwight Burden: +44 (0) 203 727 1000
This information is provided by RNS
The company news service from the London Stock Exchange
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October 26, 2017 06:44 ET (10:44 GMT)
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