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AB Dynamics

AB Dynamics plc Profits Expected to be Significantly Ahead

AB Dynamics plc (LON:ABDP) the designer, manufacturer and supplier of advanced testing systems and measurement products to the global automotive industry, has today provided a trading update in advance of announcing its Interim Results for the six months ended 28 February 2018.

Revenues and operating profits (adjusted to add back share option charges) for the six months to 28 February 2018 are expected to be significantly ahead of the same period last year and in line with management expectations.

The Group has seen a further increase in demand for its track testing products. A strong forward order book has secured a sales pipeline for the remainder of this financial year and into the next financial year. Looking ahead, the Group continues to invest and develop new products and technologies which will secure the Group’s future.

Tony Best, AB Dynamics plc Chairman, commented: “I am delighted to report that we are once again in a position to deliver another year of successful growth and have a good pipeline of orders to take us into the next financial year. Our new HQ has enabled us to improve our production capability and will also facilitate further growth.”

Notice of Results

ABD will be announcing its Interim Results for the six months ended 28 February 2018 on 24 April 2018. The management team will be hosting a briefing for analysts on the day of results at 9:30am at The Gold Room, No1 Cornhill, London EC3V 3ND. Analysts who wish to attend the presentation should register their interest with Heather Armstrong, contactable at heather.armstrong@investor-focus.co.uk or on 0203 934 6634.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.