Business
Trading Update
Trading Update.
About this update from Ab Dynamics Plc
[{"type":"text","content":"\n \nRNS Number : 0627T AB Dynamics PLC 30 September 2014 \n \n\n \n \n \nAB Dynamics plc(\"ABD\" or the \"Group\")\nTrading Update\n \nAB Dynamics plc (AIM:ABDP), a designer, manufacturer and supplier of advanced testing systems and measurement products to the global automotive industry, announces a trading update for the year ended 31 August 2014.\nOn 10 September 2014 the Board announced that results for the year ended 31 August 2014 were likely to be in line with market forecast. The board confirms that sales remain broadly in line with forecast but the profitability on a number of large contracts shipped in August exceeded the estimates we made at that time. Following the normal month end accounting process, it has been shown that the subsequent costs of completion are lower than previously estimated. Accordingly, the board is now pleased to report that profits for the year as a whole are likely to exceed market forecast.\n \nFor further information please contact:\n \n\n\n\n\nAB Dynamics plc\nTim Rogers, Managing Director\nTony Best, Chairman\n \n\n\n01225 860 200\n\n\n\n\nCairn Financial Advisers LLP (Nomad)\nTony Rawlinson\nAvi Robinson\n \n\n\n0207 148 7900\n\n\n\n\nCharles Stanley Securities Limited (Broker)\nDugald J. Carlean\nKarri Vuori\n \n\n\n0207 149 6000\n\n\n\n\nNewgate Threadneedle (PR)\nJosh Royston\nHeather Armstrong\nCaroline Evans-Jones\n\n\n0207 653 9850\n\n\n\n\n \n \nOverview of AB Dynamics plc\nABD is a leading designer, manufacturer and provider of advanced testing and measurement products for vehicle suspension, brakes and steering to the global automotive research and development sector. The Group was founded in 1982 and listed on AIM in May 2013. The Group is headquartered in Bradford on Avon employing approximately 60 staff. ABD currently supplies all of the top twenty automotive manufacturers, including Honda, Toyota, Ford and Volkswagen, who routinely use the Group's products to test vehicle safety and dynamics.\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END TSTEASNEDFKLEFF\n ","length":3679,"tagName":"div"}]