Pre-Close Trading Update

RNS Number : 2449R

AB Dynamics PLC

10 September 2014

 



10 September 2014

AB Dynamics plc
("ABD" or the "Group")

Pre-Close Trading Update

AB Dynamics plc (AIM:ABDP),  a designer, manufacturer and  supplier of advanced testing systems and measurement products to the global automotive industry, announces a trading update for the year ended 31^st August 2014.

Trading Performance

Following the end of our financial year, the board is pleased to announce that the Group's results for the 12 months ended 31^st August 2014 are expected to be in line with market forecast.

The Group continues to maintain a strong balance sheet with no net debt and cash available to invest.

 As previously disclosed the Company has added an additional 3500 ft² of new manufacturing space to meet demand and remains well positioned with its plans to develop a new manufacturing facility in order to satisfy the Group's growing order book.

Summary and Outlook

The Group continues to maintain a strong pipeline of work with the order book taking us beyond the first half of 2015. Demand remains strong and gives the Board confidence for the future.

Following the Group's maiden interim dividend, the Board expects to recommend a further dividend payment in respect of the full financial year.

Notice of Results

The Company's audited full year results will be announced on or around the 13^th November 2014.

For further information please contact:

AB Dynamics plc Tim Rogers, Managing Director Tony Best, Chairman	01225 860 200
Cairn Financial Advisers LLP (Nomad) Tony Rawlinson Avi Robinson	0207 148 7900
Charles Stanley Securities Limited (Broker) Dugald J. Carlean Karri Vuori	0207 149 6000
Newgate Threadneedle (PR) Josh Royston Heather Armstrong Caroline Evans-Jones	0207 653 9850

Overview of AB Dynamics plc

ABD is a leading designer, manufacturer and provider of advanced testing and measurement products for vehicle suspension, brakes and steering to the global automotive research and development sector. The Group was founded in 1982 and listed on AIM in May 2013. The Group is headquartered in Bradford on Avon employing approximately 60 staff. ABD currently supplies all of the top twenty automotive manufacturers, including Honda, Toyota, Ford and Volkswagen, who routinely use the Group's products to test vehicle safety and dynamics.

 

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