28th Sep 2021 15:52
AB Dynamics PLC - Bradford On Avon, Wiltshire-based testing systems and measurement products for automotive market - For the year ended August 31, expects to report revenue of around GBP65 million, due to a stronger second half performance compared to the same period a year prior, which was affected by Covid-19, as well as a contribution from recent acquisition Vadotech Group.
In addition, adjusted operating profit for the year is expected to meet consensus expectations.
For the prior financial year, adjusted operating profit was GBP11.3 million, on revenue of GBP61.5 million. This means expected revenue for the recently ended financial year reflects a 5.7% year-on-year rise.
Enters the current financial year with "good momentum", with the continued recovery in demand over the second half and orders exceeding revenue.
Will publish its annual results on November 24.
Current stock price: 1,980.00 pence, up 2.1%
Year-to-date change: down 6.2%
By Dayo Laniyan; [email protected]
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