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Pin to quick picksAB Dynamics Regulatory News (ABDP)

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Market Cap: £241.72m
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Pre-Close Trading Update

10 Sep 2014 07:00

RNS Number : 2449R
AB Dynamics PLC
10 September 2014
 



10 September 2014

 

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

Pre-Close Trading Update

 

AB Dynamics plc (AIM:ABDP), a designer, manufacturer and supplier of advanced testing systems and measurement products to the global automotive industry, announces a trading update for the year ended 31st August 2014.

Trading Performance

Following the end of our financial year, the board is pleased to announce that the Group's results for the 12 months ended 31st August 2014 are expected to be in line with market forecast.

The Group continues to maintain a strong balance sheet with no net debt and cash available to invest.

 As previously disclosed the Company has added an additional 3500 ft² of new manufacturing space to meet demand and remains well positioned with its plans to develop a new manufacturing facility in order to satisfy the Group's growing order book.

Summary and Outlook

The Group continues to maintain a strong pipeline of work with the order book taking us beyond the first half of 2015. Demand remains strong and gives the Board confidence for the future.

Following the Group's maiden interim dividend, the Board expects to recommend a further dividend payment in respect of the full financial year.

Notice of Results

 

The Company's audited full year results will be announced on or around the 13th November 2014.

 

For further information please contact:

 

AB Dynamics plc

Tim Rogers, Managing Director

Tony Best, Chairman

 

01225 860 200

Cairn Financial Advisers LLP (Nomad)

Tony Rawlinson

Avi Robinson

 

0207 148 7900

Charles Stanley Securities Limited (Broker)

Dugald J. Carlean

Karri Vuori

 

0207 149 6000

Newgate Threadneedle (PR)

Josh Royston

Heather Armstrong

Caroline Evans-Jones

0207 653 9850

 

 

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 was founded in 1982 and listed on AIM in May 2013. The Group is headquartered in Bradford on Avon employing approximately 60 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
 
 
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