AB Dynamics ends first half in line with expectations

The AIM-traded firm said its revenues and operating profits, adjusted to add back share option charges, for the period were expected to be “significantly ahead” of the same period last year and in line with management expectations.

It said it had seen a further increase in demand for its track testing products.

A strong forward order book had secured a sales pipeline for the remainder of the financial year and into the next financial year, the board reported.

Looking ahead, the group said it would continue to invest and develop new products and technologies which would secure its future.

“I am delighted to report that we are once again in a position to deliver another year of successful growth and have a good pipeline of orders to take us into the next financial year,” said chairman Tony Best.

“Our new HQ has enabled us to improve our production capability and will also facilitate further growth.”

AB Dynamics said it would be announcing its interim results for the six months on 24 April.