Double digit growth for Wiltshire's AB Dynamics

Revenues rose 10 per cent at AB Dynamics, a leading design and manufacturer of advanced testing, simulation and measurement products to the global transport market.

The Bradford-upon-Avon company saw growth across all three sectors, and operating margins rising to more than 18 per cent.

Revenues went up to £111.3 million from £100.8 million last year.

The company said new product development continues at pace and ABD Solutions delivered the first units of its retrofit pedestrian detection system for the construction industry.

Over the year to Group acquired Venshure Test Services, a provider of mileage accumulation, electric vehicle and environmental testing services in the US.

Since the year end, the Group has acquired Bolab Systems GmbH (Bolab), a niche supplier of automotive power electronics testing solutions.

AB Dynamics said that trading in early FY 2025 has been strong, supported by a solid order book, providing good visibility into the new financial year.

Dr James Routh, Chief Executive Officer said: "The Group has delivered a very strong performance, with sustained high levels of demand across key markets, demonstrating the benefits of the investment made in recent years in the commercial and operating capability of the business.

"We see significant opportunity in our core markets in automotive, which are supported by long-term structural and regulatory growth drivers, and are continuing to invest in new product development and technology. In addition, we are investing in innovative technologies to diversify the business through our technology accelerator, ABD Solutions.

"Trading in the early part of FY 2025 has been strong, supported by a solid order book, providing good visibility into the new financial year. Whilst being mindful of a potential slowdown in timing of pipeline conversion due to disruption in the automotive market and customer delivery schedules, the Board remains confident that the Group will make further financial and strategic progress this year. With strong trading momentum entering FY 2025 and benefiting from the acquisition of Bolab and improving margins, the Board expects to deliver FY 2025 adjusted operating profit slightly ahead of current expectations."