AB Dynamics PLC Pre Close Trading Update (4755S)
03 Oktober 2017 - 8:00AM
UK Regulatory
TIDMABDP
RNS Number : 4755S
AB Dynamics PLC
03 October 2017
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the
publication of this announcement via a Regulatory Information
Service ("RIS"), this inside information is now considered to be in
the public domain.
3 October 2017
AB Dynamics plc
("AB Dynamics" or the "Group")
Pre Close Trading Update
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 the publication of its final results for the
twelve months ended 31 August 2017.
The Group has performed well in 2017 and the Board expects
revenue and profit before tax (excluding share option charges and
latest IFRS 15 adjustments) to be slightly ahead of analysts'
forecasts. The Board has chosen early adoption of IFRS 15, from 1
March 2017, and this is expected to lead to a reduction in the
level of reported revenue for the year to 31 August 2017, but with
no consequential impact on profit before tax. Despite the adoption
of IFRS 15, it is anticipated that reported revenue will
nevertheless remain in-line with current market expectations.
Tim Rogers, Chief Executive Officer of AB Dynamics, commented:
"The Group has continued to perform well in the period with
significant year on year growth in both underlying revenues and
profits before tax. We have now commenced the move to our new state
of the art factory and offices and I am pleased to be able to
report that the current order book is the largest in the Group's
history."
Notice of Results
AB Dynamics will be announcing its Final Results for the twelve
months ended 31 August 2017 on Wednesday 15 November 2017. The
management of AB Dynamics will be hosting a presentation for
analysts on the day of the 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
Rob Hart, Chief Financial Officer
Cairn Financial Advisers LLP
(Nomad) 0207 213 0880
Tony Rawlinson
Liam Murray
Cantor Fitzgerald Europe (Broker) 020 7894 7000
David Foreman
Phil Davies
IFC Advisory Ltd (PR) 0203 053 8671
Tim Metcalfe
Heather Armstrong
Graham Herring
Overview of AB Dynamics plc
AB Dynamics 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 115 staff. AB Dynamics 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
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