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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  AB Dynamics plc    ABDP   GB00B9GQVG73

AB DYNAMICS PLC

(ABDP)
  Report
Delayed Quote. Delayed London Stock Exchange - 11/25 11:37:15 am
2060 GBX   -7.62%
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Dynamics : 02/10/2019 Pre-Close Trading Update

10/02/2019 | 09:09am EST

2 October 2019

AB Dynamics plc

("AB Dynamics", the "Company" or the "Group") Pre-Close Trading Update & Notice of Results

"Strong growth and delivery against strategic priorities"

AB Dynamics plc (AIM: ABDP), the designer, manufacturer and supplier of advanced testing systems and measurement products to the global automotive market, is pleased to provide a trading update in advance of the publication of its final results for the twelve months ended 31 August 2019.

The Group continued to perform strongly in the second half and expects to report growth in revenue and adjusted profit before tax1for the financial year ended 31 August 2019 that exceeds market expectations.

The performance benefited from the continuation of the trends reported at the half year in addition to the implementation of our five-element strategy. Market conditions remain favourable, driven by significant structural and regulatory tailwinds.

The Company is also pleased to confirm that the new Chief Financial Officer, Sarah Matthews-DeMers, will commence her role on Monday 4 November 2019.

Dr James Routh, Chief Executive Officer said:

"I am very pleased to report that the full year results for AB Dynamics will be ahead of market expectations and the strategy communicated at our interim results is progressing as planned. Following the placing in May 2019, we have successfully completed the acquisitions of rFpro and Dynamic Research Inc, as well as launched new products and further expanded our international presence in the USA and Japan. We have an unmatched market position with exceptional technology and products, and the outlook remains positive across the Group."

Notice of Results

AB Dynamics will announce its final results for the twelve months ended 31 August 2019 on Wednesday 27 November 2019. The management team will be hosting a presentation for analysts on the day of the results. Analysts who wish to attend the presentation should register their interest with Tulchan Communications at abdynamics@tulchangroup.comor 0207 353 4200.

The person responsible for arranging the release of this information is Dr James Routh, Chief Executive Officer of the Company.

Note 1 - Adjusted profit before tax is defined as profit before taxation, amortisation of acquired intangible assets, acquisition-related and reorganisation expenditure, and share based payment expenses. A comparison of unadjusted profit before tax with market expectation has not been provided as market expectations do not include the non-core costs relating to the recent acquisitions, reorganisation of our routes to market and share based payment costs incurred due to share options awarded during the year.

Enquiries:

AB Dynamics plc

01225 860 200

Tony Best, Non-Executive Chairman

Dr James Routh, Chief Executive Officer

Mat Hubbard, Chief Technology Officer

Cairn Financial Advisers (Nomad)

0207 213 0880

Tony Rawlinson

Liam Murray

Ludovico Lazzaretti

Cantor Fitzgerald Europe (Broker)

0207 894 7000

Phil Davies, David Foreman (Corporate Finance)

Caspar Shand Kydd, Keith Dowsing, Arthur Gordon (Equity Sales)

Tulchan Communications

0207 353 4200

James Macey White

Matt Low

Deborah Roney

About AB Dynamics plc

AB Dynamics is a leading designer, manufacturer and provider of advanced products for testing and verification of Advanced Driver Assistance Systems ("ADAS") technology, autonomous vehicle development and vehicle dynamics to the global automotive research and development sector.

AB Dynamics is an international group of companies headquartered in Bradford-on-Avon. AB Dynamics currently supplies all the top automotive manufacturers, Tier 1 suppliers and service providers, who routinely use the Group's products to test and verify vehicle safety systems and dynamics

Disclaimer

AB Dynamics plc published this content on 02 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 October 2019 13:08:04 UTC


© Publicnow 2019
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Financials
Sales 2020 60,7 M 81,1 M 81,1 M
Net income 2020 6,05 M 8,09 M 8,09 M
Net cash 2020 30,3 M 40,5 M 40,5 M
P/E ratio 2020 79,8x
Yield 2020 0,19%
Capitalization 504 M 673 M 673 M
EV / Sales 2020 7,80x
EV / Sales 2021 7,70x
Nbr of Employees 264
Free-Float 64,4%
Chart AB DYNAMICS PLC
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Technical analysis trends AB DYNAMICS PLC
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 7
Average target price 2 175,29 GBX
Last Close Price 2 230,00 GBX
Spread / Highest target 3,14%
Spread / Average Target -2,45%
Spread / Lowest Target -9,64%
EPS Revisions
Managers
NameTitle
James Mathew Routh Chief Executive Officer & Director
Anthony Best Non-Executive Chairman
Sarah Matthews-DeMers Chief Financial Officer & Director
Richard Hickinbotham Independent Non-Executive Director
Louise Margaret Evans Non-Executive Director
Sector and Competitors