AB Dynamics (AIM:ABD) – terrific order supports 2015 numbers
The AIM quoted designer, manufacturer and supplier of advanced testing systems to the global automotive industry has announced a material order in new territory. This is a terrific little specialist engineering group that is worth following.
The order is from a customer in South America for a high specification Suspension Parameter Measurement Machine (“SPMM”) with a value of more than £1.7m. Approximately half of the value of the contract value is expected to be recognised in the Company’s current financial year ending 31st August 2015 and contributes to the Group’s sales target for the current financial year. This will be the first SPMM that the company has delivered to South America. Management commented how the new SPMM provides excellent extended visibility to the Group’s future revenues. Consensus forecasts for 2015 remain for pre-tax profit of £2.8m,…