Trading Update and Notice of Interim Results

RNS Number : 8019A

AB Dynamics PLC

29 March 2017

 

29 March 2017

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

Trading Update and Notice of Interim Results

AB Dynamics plc (AIM: ABDP) the designer, manufacturer and supplier of advanced testing systems and measurement products to the global automotive industry, is pleased to provide a trading update in advance of announcing its Interim Results for the six months ended 28 February 2017.

Revenues and operating profits (adjusted to add back share option charges) for the six months to 28 February 2017 are expected to be ahead of the same period last year and in line with management expectations.

The Company has seen an increase in demand for its track testing products and together with its forward order book has secured a sales pipeline for the remainder of this financial year and well into the next. Looking ahead, the Company continues to invest and develop new products and technologies which will  secure the Company's future. The new HQ build is also on track for completion at the end of the summer.

Tim Rogers, CEO, commented: "We have once again delivered excellent performance with a good pipeline of orders to take us into the next financial year. Our new HQ will enable us to reorganise our production and facilitate further growth."

Notice of Results

ABD will be announcing its Interim Results for the six months ended 28 February 2017 on 25 April 2017. The management team will be hosting a briefing for analysts on the day of results at 9:30am at Guildhall House, 85 Gresham Street, London, EC2V 7NQ. Analysts who wish to attend the presentation should register their interest with Heather Armstrong, contactable at [e-mail] or on 0203 053 8671.

For further information please contact:

AB Dynamics plc	01225 860 200
Tim Rogers, Chief Executive Officer Tony Best, Non-executive Chairman
Cairn Financial Advisers LLP (Nomad)	0207 213 0880
Tony Rawlinson Liam Murray
Cantor Fitzgerald Europe (Broker)	020 7894 7000
David Foreman Phil Davies David Banks
IFC Advisory (PR)	0203 053 8671
Tim Metcalfe Heather Armstrong Graham Herring

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 is headquartered in Bradford on Avon employing approximately 90 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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