|
AB Dynamics PLC on Thursday backed market expectations for its full-year adjusted operating profit, as it posted a weaker order intake in the initial four months of its current financial year. Wiltshire, England-based AB Dynamics is a designer, manufacturer and supplier of advanced testing, simulation and measurement products. The company said positive trading seen in the final quarter of its financial year ended August 31, continued into the first four months of its current financial year. AB Dynamics reported an order intake of £46 million for the four months to the end of December, down 4.2% from £48 million a year earlier. The company explained that delivery phasing from order intake in the final quarter of financial 2025, and early financial 2026 is anticipated to result in a trading performance more heavily weighted to the second half of financial 2026. AB Dynamics said this would be an around 40%/60% weighting split. It added this was set against the context of a greater-than-expected first-half bias in financial 2025. Further, the company said its cash position ‘remains robust’, with £35.5 million of net cash at December 31, up 53% from £23.2 million a year earlier. It said this ‘provides significant flexibility for the group to take advantage of its active pipeline of potential acquisition targets’. AB Dynamic said its underlying demand drivers ‘remain strong’, with increased customer activity seen at the end of its last financial year continuing into its current one. The company expects to report financial 2026 adjusted operating profit in line with market expectations of £24.5 million. This represents a 5.2% increase from £23.3 million achieved in financial 2025. Shares in AB Dynamics were down 1.5% at 1,320.00 pence on Thursday morning in London. ‘Encouragingly, underlying demand drivers remain strong, and the increased customer activity seen towards the end of the last financial year continued into FY26,’ said Chief Executive Sarah Matthews-DeMers. ‘Whilst mindful of any short-term macroeconomic disruption driven by geopolitical events, the board remains confident that the group will make further financial and strategic progress this year and expects to deliver FY26 adjusted operating profit in line with current expectations’. Copyright 2026 Alliance News Ltd. All Rights Reserved.
|