Aveva grows in 2001

3 May 2002

Aveva, which was formed in September 2001, experienced growth in the nuclear sector in fiscal 2001. The company said the 9.8% sales revenue growth - up to r6.8 billion - in the nuclear sector was primarily due to the consolidation of the nuclear business of Siemens at the start of 2001.

Operating income rose by 76% to r601 million.

The chair of the executive board of Aveva, Anne Lauvergeon, said: "In nuclear operations, 2001 has been a year of structural building with the consolidation of the Siemens nuclear operations, major contracts signed in France and in Japan, and a strong increase in operating profitability. Over the next three years, we will continue these efforts. Our goal is to achieve double-digit growth in operating income on a like-for-like basis. Finally, we shall continue to strengthen our international positions, especially in the USA."

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