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Trading statements

AB Dynamics slightly ahead of forecasts

03 October 2017 07:54

AB Dynamics expects full-year revenue and pre-tax profits - excluding share option charges and latest IFRS 15 adjustments - to be slightly ahead of analysts' forecasts.

The group said the board had chosen early adoption of IFRS 15, from 1 Mar 2017, and this was expected to lead to a reduction in the level of reported revenue for the year to 31 Aug 2017, but with no consequential impact on pre-tax profit.

It said that despite the adoption of IFRS 15, it was anticipated that reported revenue would nevertheless remain in-line with current market expectations.

Chief executive Tim Rogers said: 'The Group has continued to perform well in the period with significant year on year growth in both underlying revenues and profits before tax.

'We have now commenced the move to our new state of the art factory and offices and I am pleased to be able to report that the current order book is the largest in the Group's history.'

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Related Company: ABDP

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