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1,058.00 8.00 (0.76%)

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1,058.00

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1,068.00

Spread: 10.00 (0.945%)

Market Cap: £242.18m

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AB Dynamics reports strong first half; remains confident on progress

Wed, 23rd Apr 2025 12:36

(Alliance News) - AB Dynamics PLC on Wednesday reported "strong trading momentum" as it posted improved profit and revenue for the first half of financial year 2025.

Wiltshire, England-based AB Dynamics is a designer, manufacturer and supplier of advanced testing, simulation and measurement products.

The firm reported pretax profit for the six months ended February 28 of GBP6.3 million, up 24% from GBP5.1 million the previous year.

Driving the improved earnings was an 11% increase in revenue to GBP58.0 million from GBP52.3 million, which the firm said reflected strong growth across all three sectors.

It added that market and customer activities remained positive throughout the period.

AB Dynamics raised its interim dividend by 20% to 2.80 pence from 2.33 pence the previous year, which according to the company, reflects its "confidence in the group's financial position and prospects."

Looking head, the firm said its "solid" order book offers "good visibility" into the second half of the financial year.

AB Dynamics said its order book at period end was GBP42.1 million, up 1.9% from GBP41.3 million the prior year. It added that GBP31.4 million is set for delivery in the second-half of financial 2025.

Its shares were down 1.2% at 1,695.33 pence in London on Wednesday afternoon.

The firm expects to deliver adjusted operating profit for financial 2025 in line with company compiled analyst expectations of GBP22.4 million. This represents a 10% uplift on the prior year's GBP20.3 million.

It added that future growth prospects will be supported by long-term structural and regulatory growth drivers in "active safety, automatisation of vehicle applications."

Chief Executive James Routh said: "Whilst being mindful of a potential slowdown in timing of pipeline conversion due to the wider macroeconomic disruption, the board remains confident that the group will make further financial and strategic progress this year."

"With strong trading momentum entering the second half and improving margins, the board expects to deliver adjusted operating profit for FY 2025 in line with current expectations"

By Olivia Mason-Myhill, Alliance News reporter

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