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Published on: April 26, 2019

H1 rock solid – and strategic foundations laid

AB Dynamics (“ABD”) has delivered a strong H1 FY19 performance for the six months to February, as heralded in the early-April update.  Revenue grew a stunning 69%, and reported PBT almost doubled.  The group appears to be benefiting from recent investment, and is well placed to continue to prosper in a highly attractive (and growing) end market.  The announcement also includes five pillars of the revised strategy – New Product Development, Capability & Capacity, International Footprint, Service and Support, and Acquisitive Growth.  We increase our adjusted PBT estimates by 9% and 8% respectively for FY 2019E and FY 2020E and look forward to the group delivering against its clearly-significant potential.

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