AB Dynamics (ABDP)

Sector:

Engineering

Index:

FTSE AIM 100

 1,850.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 2,470.00
  • 52 Week Low: 1,515.00
  • Currency: UK Pounds
  • Shares Issued: 22.62m
  • Volume: 0
  • Market Cap: £418.51m
  • RiskGrade: 248
  • Beta: 0.22

AB Dynamics performs 'well' in H2 despite supply chain disruptions, FX headwinds

By Iain Gilbert

Date: Tuesday 28 Sep 2021

LONDON (ShareCast) - (Sharecast News) - Testing and simulation systems provider AB Dynamics said on Tuesday that it had performed "well" during the second half of the year, managing supply chain disruption and currency headwinds effectively in order to meet a strengthening in demand during the period.
AB Dynamics stated second-half revenue was approximately 20% higher on an organic basis than the Covid-impacted second half of 2020 and approximately 40% higher on a reported basis, including contributions from March's acquisition of Vadotech Group.

As a result, AB now expects to post full-year revenues of roughly £65.0m and an annual adjusted operating profit in line with current consensus expectations.

"Notwithstanding a challenging backdrop generally, the group has seen a continued recovery in demand through the second half across all key product and service lines, which demonstrates the resilience of ABD's markets. Despite the significant uplift in sales during the second half, orders exceeded revenues in the period and the business enters FY22 with good momentum," said AB.

Elsewhere, the AIM-listed group announced the launch of ABD Solutions, a new business unit focused on providing retrofit solutions that enable the automation of conventional off-road vehicle fleets.

The formation of ABD Solutions was based on "extensive market analysis and research" which showed a total potential market of approximately £4.8bn, with an estimated compound annual growth rate of approximately 25%.

As of 0900 BST, AB Dynamics shares were up 3.10% at 2,000.10p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

AB Dynamics Market Data

Currency UK Pounds
Share Price 1,850.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 2,470.00
52 Week Low 1,515.00
Volume 0
Shares Issued 22.62m
Market Cap £418.51m
Beta 0.22
RiskGrade 248

AB Dynamics Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
92.91% below the market average92.91% below the market average92.91% below the market average92.91% below the market average92.91% below the market average
93.94% below the sector average93.94% below the sector average93.94% below the sector average93.94% below the sector average93.94% below the sector average
Price Trend
48.8% below the market average48.8% below the market average48.8% below the market average48.8% below the market average48.8% below the market average
54.29% below the sector average54.29% below the sector average54.29% below the sector average54.29% below the sector average54.29% below the sector average
Income
62.54% below the market average62.54% below the market average62.54% below the market average62.54% below the market average62.54% below the market average
77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average
Growth
17.62% below the market average17.62% below the market average17.62% below the market average17.62% below the market average17.62% below the market average
18.75% above the sector average18.75% above the sector average18.75% above the sector average18.75% above the sector average18.75% above the sector average

What The Brokers Say

Strong Buy 6
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 6
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

AB Dynamics Dividends

  Latest Previous
  Final Interim
Ex-Div 30-Dec-21 06-May-21
Paid 28-Jan-22 14-May-21
Amount 3.24p 1.60p

Trades for --2021

Time Volume / Share Price
0 @ 0.000p

AB Dynamics Key Personnel

CEO James Routh
CFO Sarah Matthews-DeMers

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