AVEVA Group provided an update on market conditions from April 1 through June 30 ahead of its shareholder meeting today. The brief note said that the company saw an expected decline in new license sales in the marine sector even though shipyards’ order books for new vessels has remained relatively strong, meaning that maintenance revenue remains strong. The plant (mostly oil and gas) business has been more stable, due in part to demand for the construction of new nuclear reactors. Finally, the restructuring announced earlier this year has been completed, which , according to the company, positions it well to compete in the current economic climate.
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