AB Dynamics plc (ABDP) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the AB Dynamics 2025 Half-Year Results presentation. I'm James Routh, the CEO, and I'm joined today by our CFO, Sarah Matthews Demeers. I'm going to be taking you through some highlights before Sarah takes you through the detailed financial performance. Following this, I'll provide an update on progress against our medium-term growth strategy before wrapping up with a summary of FY25 to date and an outlook for the remainder of the year. During the period we made a strong start to delivering our medium-term growth plan with 11% growth in revenue and 21% growth in operating profit. Market and customer activity levels remained positive throughout the period despite the headwinds faced by the automotive market with strong growth across all three of our sectors. New product development continues at pace and in line with the technology roadmap for our testing products and simulation markets. and I'm very pleased to announce the initial delivery of an automated mileage accumulation contract to an automotive OEM enabled by ABD Solutions technology, demonstrating the value of our investment in this technology accelerator. We completed the acquisition of BOLAB, a German supplier of testing products, continuing our track record of successful inorganic growth with the integration progressing as planned. Our significant net cash balance of £27.2 million supports further organic and inorganic investment, and we've declared a 20% increase in the interim dividend, reflecting the board's confidence in the group's financial position and prospects. I'll now hand over to Sarah to take you through our financial performance. Thanks, James. I'm delighted to be able to present results showing our strong financial performance. We've continued our track record of delivering consist...