Source - SMW
Adjusted operating profits at AB Dynamics rose by  26.2% to £5.9m in the year to the end of August.

Revenues were up 20.0% at £24.6m and adjusted fully diluted earnings per share increased by 22.5% to 28.28p.

The group declared a final dividend of 2.00p per ordinary share, 3.331p for the year up 10% (2016: 3.025p).

Chief executive Tim Rogers said: 'AB Dynamics has made considerable progress in the last financial year, with significant growth seen in both revenue and adjusted operating profit.

'I am pleased to report a healthy forward order book with automotive OEM's continuing to advance their ADAS and autonomous vehicle programmes. 

'This supportive backdrop, reinforced by regulatory change, has enabled the Group to build a strong order book that provides good forward visibility.

'We have an extremely capable and dedicated team at AB Dynamics and I am very proud of what we have achieved over the last five years. 

'We are continuing to invest in new products, our people and our processes, and the group remains focused on the future business opportunities within our marketplace.

'I believe there is a solid platform for the next phase of the group's development and growth, and I wish the next chief executive every success in taking the group forward.

'I am very proud of what the group has achieved since its IPO in 2013 and would like to thank our customers, employees and shareholders for their support over the last four years. 

'I believe that the next chief executive of AB Dynamics has a fantastic foundation on which to build on and I wish them and the company every success in the future. 

'We will look to update the market on this recruitment shortly.'  
 



At 9:40am: (LON:ABDP) AB Dynamics Plc share price was -22p at 740.5p



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