AB DYNAMICS PLC (ABDP) — Full Year Results

Investor webinar replay

Replay transcript excerpt

Welcome to the AB Dynamics twenty twenty four Full Year Results Presentation. I'm James Routh, the CEO, and I'm joined today by Sarah Matthews DeMiers, our CFO. I'm going to be taking you through some highlights before Sarah takes you through the detailed financial performance, followed by a summary of ABD's transformation since 2020, demonstrating our track record. Following this, I'm excited to provide an illustration of our medium term growth ambitions and the details of our value creation roadmap before wrapping up with a summary of FY24 and the outlook. During the year and in line with our performance model, we delivered strong financial results with 10% growth in revenue and 22% growth in operating profit. Activity levels within our markets and customers have remained positive, with strong activity across all three of our sectors. As a core element of our strategy, new product development continues at pace and in line with the technology roadmap for our testing products and simulation markets, and we launched multiple new products to market. I'm very pleased to announce an initial contract win for ABD Solutions for £2,000,000 for an automated mileage accumulation solution for delivery during FY 2025, with potential for further follow on orders demonstrating the value of our investment in this technology accelerator. During the second half, we completed the acquisition of VTS, providing testing services in The U. S, with the integration progressing as planned. And after the period end, we acquired BoLab Systems, a German supplier of testing products, continuing our track record of successful inorganic growth. Finally, for the highlights, we are particularly pleased to achieve MSCI AAA rating, reflecting excellent progress on our sustainability strategy and stron...