AB Dynamics PLC Trading Update and Notice of Interim Results (8019A)
29 März 2017 - 8:00AM
UK Regulatory
TIDMABDP
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
heather.armstrong@investor-focus.co.uk 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTEASDPALDXEFF
(END) Dow Jones Newswires
March 29, 2017 02:00 ET (06:00 GMT)
AB Dynamics (AQSE:ABDP.GB)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
AB Dynamics (AQSE:ABDP.GB)
Historical Stock Chart
Von Jul 2023 bis Jul 2024