viewAB Dynamics PLC

AB Dynamics soars as full year profits forecast to be “significantly” ahead of expectations

Chairman Tony Best said the growth in turnover had stemmed from increased sales of track testing products, used in the development of autonomous vehicle technology

Profit dial
Shares were up 14.8% at 1,472.5p

AB Dynamics plc (LON:ABDP) shares soared in early trading Thursday after the firm forecast that both its revenues and profits in the full year would “significantly exceed” market expectations.

In a trading update ahead of its full-year results, the testing and measurement equipment maker said the group had performed well throughout the year, with chairman Tony Best saying the significant growth in turnover had stemmed from increased sales of AB’s track testing products, which are used in the development and testing of semi-autonomous and fully autonomous vehicle technology.

The firm will release its final results for the year on November 14.

Shares were up 14.8% at 1,472.5p.

Quick facts: AB Dynamics PLC

Price: 2172.55 GBX

Market: AIM
Market Cap: £490.49 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...


Emperor Energy welcomes strong support for SPP as it progresses with Judith...

Emperor Energy Ltd's (ASX:EMP) Carl Dumbrell joins Proactive's Andrew Scott soon after receiving firm commitments to raise $656,000 through its share purchase plan (SPP) – attracting more than double the minimum $300,000 target. Net proceeds will go towards strengthening the company’s balance...

6 hours, 5 minutes ago

2 min read