26th Jun 2025 16:28
(Alliance News) - AB Dynamics PLC on Thursday reaffirmed its full-year guidance as it said trading in the third quarter was consistent with the first half.
The Wiltshire, England-based designer, manufacturer and supplier of advanced testing, simulation and measurement products said performance in the three months to the end of May was consistent with earlier trends, with results for the year to date in line with its expectations.
The company said its order book is "solid," which provides visibility into the final quarter of the year.
AB Dynamics said its net cash at the end of May was GBP31.2 million, compared to GBP28.6 million at the end of August.
"The group's strong cash position and ongoing cash generation leave it well positioned to continue to invest in organic growth opportunities and further value enhancing acquisitions, which are key enablers to delivering the growth ambitions outlined in our value creation plan in November 2024," the company added.
While it is "mindful of a potential slowdown in timing of pipeline conversion due to the wider macroeconomic disruption and potential foreign exchange headwinds," the company said it is confident that it will make "further financial and strategic progress this year".
AB Dynamics said it expects to deliver adjusted operating profit for the full financial year in line with market expectations.
The company compiled consensus is for adjusted operating profit of GBP22.3 million.
Shares in AB Dynamics were up 5.2% at 1,725.00 pence in London on Thursday afternoon.
By Michael Hennessey, Alliance News reporter
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