- AB Dynamics
- 16 January 2025 14:22:01
Source: Sharecast
The AIM-traded company, which was holding its annual general meeting, noted strong order intake, particularly from the Asia-Pacific and North America geographies, supported by ongoing tenders for long-term testing services contracts in China for the 2026 period and beyond.
It said its order book provided good visibility into the second half of the year, adding that the integration of Bolab Systems, acquired for an initial cash consideration of £4.2m, was progressing as planned.
As of 31 December, AB Dynamics reported a net cash position of £23.2m, down from £28.6m in August due to the acquisition payment.
The company said it remained well-positioned to invest in organic growth and pursue value-enhancing acquisitions.
Despite potential challenges related to the timing of pipeline conversion and automotive sector disruptions, AB Dynamics said it expected to deliver financial and strategic progress for 2025.
Long-term growth prospects were underpinned by structural and regulatory drivers in active safety, autonomous systems, and vehicle automation.
The company reiterated its confidence in meeting full-year expectations, highlighting the continued strength of its market position and order pipeline.
At 1402 GMT, shares in AB Dynamics were down 2.41% at 1,820p.
Reporting by Josh White for Sharecast.com.
