12th Jul 2016 07:47
LONDON (Alliance News) - AB Dynamics PLC on Tuesday said it looks set to meet market expectations for the year to the end of August.
The company, which makes testing and measurement systems for automotive customers, said it has continued to increase capacity and expects its new factory facility to be completed in 2017.
At present, it said it looks on track to meet market expectations for the year to August 31 and said the strong demand for its products and services leaves it confident on the outlook for the next financial year.
Managing Director Tim Rogers said it was "business as usual" for the company following the UK's vote to leave the European Union, with 96% of its sales going to export.
Shares in AB Dynamics were up 7.9% to 429.00 pence Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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