Aveva Group PLc have announced an interim dividend of 13.0 pence will be payable on 4 February 2022 to shareholders on the register on 7 January 2022. This represents an increase of 4.8% versus the prior year interim dividend (H1 FY21: 12.4 pence).
Other financial highlights include:
On an organic constant currency basis pro forma revenue for the combined Group grew 9.0% and adjusted EBIT grew 33.9%; while adjust diluted EPS grew 13.3% and included the tax benefit from the OSIsoft acquisition.
Pro forma constant currency Annualised Recurring Revenue (ARR) increased 9.2% to £711.4m (H1 FY21: £651.2m). The introduction of Subscription selling at OSIsoft will support growth in ARR going forward.
After the impact of FX translation headwinds, pro forma revenue grew by 0.8% to £516.1m (H1 FY21: £512.2m) and pro forma adjusted EBIT grew 20.5% to £125.2m (H1 FY21: £103.9m), representing a margin of 24.3% (H1 FY21: 20.3%).
Revenue was £480.9m after the impact of the deferred revenue haircut (H1 FY21: £332.6m), representing an increase of 44.6%, most of which was due to the acquisition of OSIsoft.
Loss from operations was £74.3m (H1 FY21: £23.2m) with the loss being primarily due to the amortisation of intangible assets of £115.8m (H1 FY21: £46.2m).
