AB Dynamics looks set to exceed expectations following strong H2
Testing systems and measurement products manufacturer AB Dynamics continued to perform "strongly" in the second half of the trading year, with the group now forecasting that it will exceed market expectations.
AB Dynamics anticipates both revenues and adjusted pre-tax profit growth for the year ended 31 August will top expectations after its performance in the last quarter was boosted by the continuation of the positive trends seen throughout the first half.
The AIM-listed group also said the implementation of its five-element strategy had helped drive results and noted that market conditions remained favourable as a result of "significant structural and regulatory tailwinds".
Chief executive Dr James Routh said: "I am very pleased to report that the full-year results for AB Dynamics will be ahead of market expectations and the strategy communicated at our interim results is progressing as planned.
"We have an unmatched market position with exceptional technology and products, and the outlook remains positive across the group."
Separately, AB said new chief financial officer Sarah Matthews-DeMers would join the group on 4 November.
As of 1005 BST, AB Dynamics shares had climbed 4.44% to 2,266.40p.