REG - AB Dynamics PLC - Trading Update and Notice of Results

Ab DynamicsAnnouncement

23/03/2022 07:00

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RNS Number : 6758F  AB Dynamics PLC  23 March 2022

23 March 2022

AB Dynamics plc

("AB Dynamics", the "Company" or the "Group")

Trading Update and Notice of Results

AB Dynamics plc (AIM: ABDP), the designer, manufacturer and supplier of
advanced testing, simulation and measurement products and services to the
global transport market, issues the following trading update in advance of the
publication of its interim results for the period ended 28 February 2022.

Business performance

The Board is pleased with the progress made against its strategy, with
performance for the six months ended 28 February 2022 in line with the Board's
expectations.

Whilst the current operating environment still presents challenges in relation
to potential supply chain disruption, operational output has not been
adversely affected to date and the Group has been successful in mitigating
inflationary cost pressures through price increases for new orders.

Underlying demand conditions in our key markets and customer activity levels
have resulted in a positive book to bill ratio being maintained throughout the
first half. Whilst mindful of ongoing geopolitical uncertainty, the Board's
expectations for the year are unchanged.

Financial position

Robust operating cash generation continues to fund investment and the
resulting positive free cash flow leaves net cash, as at 28 February 2022, up
£5.4m to £27.7m (28 February 2021: £33.1m, 31 August 2021 £22.3m), which
leaves the Group in a strong position from which to drive further strategic
progress.

Interim results date

The Group will report its interim results for the six months ended 28 February
2022 on 27 April 2022. The management team will be hosting a presentation for
analysts on the day of the results. Anyone wishing to attend the presentation
should register their interest with Tulchan Communications at
abdynamics@tulchangroup.com (mailto:abdynamics@tulchangroup.com) or 0207 353
4200.

Enquiries:

 AB Dynamics plc                                  01225 860 200
 Dr James Routh, Chief Executive Officer

 Sarah Matthews-DeMers, Chief Financial Officer

 Peel Hunt LLP                                    0207 418 8900
 Mike Bell

 Ed Allsopp

 Tulchan Communications                           0207 353 4200
 James Macey White

 Matt Low

 Laura Marshall

 

The person responsible for arranging the release of this information is David
Forbes, Company Secretary.

 

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