AB Dynamics plc, a designer, manufacturer, and supplier of advanced testing, simulation, and measurement products to the global transport market, has issued a pre-close trading update for the year ended August 31, 2023. The company reported sustained trading momentum in the second half of the year, with continued good performance in the track testing sector and particularly strong growth in the laboratory testing and simulation sector. AB Dynamics also made progress in developing its ABD Solutions offering and saw a strong performance from Ansible Motion, the simulator business it acquired during the year. As a result, the company expects revenue for FY23 to exceed £100 million for the first time. The strong revenue growth is anticipated to translate into a full-year adjusted operating profit result that is above the top end of current market expectations. The company maintained a strong financial position, with net cash at £32.0 million as of August 31, 2023. Order intake remained strong in the second half of the year, providing good momentum for the business as it enters FY24.