AB Dynamics PLC Trading Update and Notice of Interim Results (0889J)
28 März 2018 - 8:00AM
UK Regulatory
TIDMABDP
RNS Number : 0889J
AB Dynamics PLC
28 March 2018
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.
28 March 2018
AB Dynamics plc
("ABD" or the "Group")
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 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, 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.
For further information please contact:
AB Dynamics plc 01225 860 200
Tony Best, Chairman
Rob Hart, Chief Financial Officer
Mat Hubbard, Chief Operating
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 (PR) 0203 9346634
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 130 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
MSCEAEDXADEPEFF
(END) Dow Jones Newswires
March 28, 2018 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