Alfa Romeo Formula One team supplier AB Dynamics hikes profit guidance as boss says more acquisitions to come

City AM

Alfa Romeo Formula One team supplier AB Dynamics hikes profit guidance as boss says more acquisitions to come

Formula One testing firm AB Dynamics has hiked its profit guidance for the year ahead amid strong demand across all its regions. The London-listed company said half-year adjusted operating profit had risen by 16 per cent to £8.9m. On a statutory basis, operating profit nearly doubled to £5.5m. Revenue increased eight per cent to £52.3m as AB Dynamics cited “strong activity” across all its three sectors and all regions. Dr James Routh, chief exe…