AB Dynamics PLC Pre Close Trading Update (9015C)
04 October 2018 - 4:00PM
UK Regulatory
TIDMABDP
RNS Number : 9015C
AB Dynamics PLC
04 October 2018
4 October 2018
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 2018.
The Group has performed well through the year and the Board
expects both revenue and profit before tax to significantly exceed
market expectations.
Tony Best, Chairman of AB Dynamics, commented:
"I am very pleased to report that the Group has continued to
perform well throughout the year with significant growth in
turnover primarily resulting from increased sales of our track
testing products which are used in the development and testing of
semi-autonomous and fully autonomous vehicle technology."
Notice of Results
AB Dynamics will announce its final results for the twelve
months ended 31 August 2018 on Wednesday 14 November 2018. The
management will be hosting an analysts briefing on the day of
results. Analysts who wish to attend should register their interest
with Heather Armstrong, contactable at
heather.armstrong@investor-focus.co.uk on 0203 934 6634.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014 and has been arranged for
release by Robert Hart, Chief Financial Officer of the Company.
For further information please contact:
AB Dynamics plc 01225 860 200
Tony Best, Chairman
James Routh, 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
Phil Davies
David Foreman
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 150 staff. AB Dynamics currently supplies all 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 news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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