AB Dynamics plc (ABDP) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the AB Dynamics twenty twenty six half year results presentation. I'm Sarah Matthews DeMears, the CEO, and I'm joined today by our interim CFO, Andrew Lewis. I'm going to be taking you through the highlights before Andrew takes you through the detailed financial performance. Following this, I'll provide my initial observations from my first few months as CEO and an update on our progress against our medium term growth strategy before wrapping up with a summary of FY 2026 to date and the outlook for the remainder of the year. We set out our medium term growth ambitions in November 2024, and I remain committed to delivering these. We have continued to make strategic progress in shaping the group to take advantage of the structural market drivers that underpin the significant medium term growth opportunity. As we had already signposted, revenue was softer in the first half due to the order intake delays in the second half of last year caused by tariff disruption, with only £44,000,000 of orders received. In half one of FY 2026, it is pleasing to see positive customer activity and order intake recovering to more positive levels, with £64,000,000 of orders received. Our closing order book of 47,000,000 together with revenue delivered in half one, provides approximately 70% coverage of expected full year revenue. Combined with our confidence in operational execution, this leaves us well positioned to deliver in the second half of the year. We have enhanced our focus on innovation to drive future growth, an area I will cover in more detail later in the presentation. Our second value creation pillar is margin expansion. Our operating margin was maintained at 18.6%, as the impact of lower volume was offset by operational improvements, management of discretionary sp...