Trading Update and Notice of Interim Results

RNS Number : 1153T

AB Dynamics PLC

24 March 2016

 

24 March 2016

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

Trading Update and Notice of Interim Results

Strategic Collaboration Agreement with Williams Advanced Engineering

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 29 February 2016.

Revenues and operating profits for the six months to 29 February 2016 are expected to be significantly ahead of the same period last year. Sales in USA, Europe and China performed exceptionally well.  In addition, as the industry increases investment in new models with a focus on advanced safety systems, sales of both our track and lab testing products has remained strong throughout the period. It is expected that revenues for the full year will be considerably ahead whilst operating profit will meet or marginally exceed market expectations.

The Company is pleased to announce it signed a strategic deal with Williams Advanced Engineering, the technology and engineering services business of the Williams Group. Combining Williams' expertise in F1 simulators and specifically high speed dynamic motion platforms, with AB Dynamics' industry knowledge, manufacturing abilities and sales channels, this partnership will bring novel Vehicle Dynamic simulators to the global automotive sector.

Tim Rogers, Managing Director of AB Dynamics, commented:

"The Group continues to perform well with increased sales in Europe and Asia and our strategic alliance with Williams is an exciting development that will enable us to develop new products and solutions for our automotive customers.  Looking ahead, we expect continued momentum in orders and revenue growth."

Notice of Results

ABD will be announcing its Interim Results for the six months ending 29 February 2016 on Tuesday, 26 April 2016.

The management of ABD will be hosting a presentation for analysts on the day of results at 9:30am at the offices of Newgate, Sky Light City Tower, 50 Basinghall Street, London, EC2V 5DE. Analysts who wish to attend the presentation should register their interest with Helena Bogle, contactable at [e-mail] or 0207 680 6563.

For further information please contact:

AB Dynamics plc	01225 860 200
Tim Rogers, Managing Director Tony Best, Chairman
Cairn Financial Advisers LLP (Nomad)	0207 148 7900
Tony Rawlinson Avi Robinson
Cantor Fitzgerald Europe (Broker)	020 7894 7000
David Foreman Phil Davies David Banks
Newgate (PR)	0207 653 9850
Adam Lloyd

Helena Bogle

 

END

 

 

MSCEAXDDASNKEFF