Accsys Technologies (AXS)

Sector:

Manufacturing

Index:

FTSE AIM All-Share

60.20p
   
  • Change Today:
      1.20p
  • 52 Week High: 107.00
  • 52 Week Low: 50.25
  • Currency: UK Pounds
  • Shares Issued: 239.30m
  • Volume: 96,647
  • Market Cap: £144.06m
  • RiskGrade: 210

Accsys Technologies YTD sales and revenues grow

By Iain Gilbert

Date: Friday 17 Sep 2021

LONDON (ShareCast) - (Sharecast News) - Chemical company Accsys Technologies said on Friday that both sales and revenues had grown year-on-year in the five months ended 31 August amid "strong demand" for its Accoya and Tricoya wood elements.
Accsys Technologies stated it had seen a 31% increase in Accoya revenues to approximately €40.0m and an 18% increase in Accoya sales volumes to approximately 24,664 m3.

The AIM-listed group also pointed to higher average selling prices for Accoya, driven by sales price increases in 2021 and 2022 to reflect "continuing strong demand" and raw material costs throughout the period.

Net cash was said to be approximately €8.3m, a marked improvement on the net debt of €12.2m reported back on 31 March, reflecting the proceeds of Accsys' equity capital raise in May.

Chief executive Rob Harris said: "Accsys has made a strong start to the 2022 financial year. Our established Accoya business has delivered double-digit volume and revenue growth. This reflects continued strong customer demand, our price increases, product mix, and lapping the initial more severe effects of Covid-19 last year.

"Looking ahead, we remain confident in delivering on full-year expectations and underpinned by the clear market opportunities for our high-performance wood products, we continue to progress towards our ambitious 2025 fivefold increase in production target."

As of 0900 BST, Accsys shares were up 2.97% at 159.60p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

AXS Market Data

Currency UK Pounds
Share Price 60.20p
Change Today 1.20p
% Change 2.03 %
52 Week High 107.00
52 Week Low 50.25
Volume 96,647
Shares Issued 239.30m
Market Cap £144.06m
RiskGrade 210

AXS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
40.87% below the market average40.87% below the market average40.87% below the market average40.87% below the market average40.87% below the market average
14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average
Price Trend
46.63% below the market average46.63% below the market average46.63% below the market average46.63% below the market average46.63% below the market average
53.85% below the sector average53.85% below the sector average53.85% below the sector average53.85% below the sector average53.85% below the sector average
Income Not Available
Growth
88.38% above the market average88.38% above the market average88.38% above the market average88.38% above the market average88.38% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 3
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

AXS Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
16:27 25 @ 60.00p
16:06 1,600 @ 62.00p
15:51 946 @ 61.00p
15:51 946 @ 61.00p
15:49 1,000 @ 61.00p

AXS Key Personnel

CFO Steven Salo
CEO Jelena Arsic van Os

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