Accsys Technologies (AXS)

Sector:

Manufacturing

Index:

FTSE AIM All-Share

88.00p
   
  • Change Today:
      1.40p
  • 52 Week High: 112.50
  • 52 Week Low: 65.00
  • Currency: UK Pounds
  • Shares Issued: 164.27m
  • Volume: 65,000
  • Market Cap: £144.56m
  • RiskGrade: 172

Accsys sees 'step change' as sales volumes swell

By Oliver Haill

Date: Wednesday 07 May 2014

LONDON (ShareCast) - Annual sales were much higher than expectations at wood hardening group Accsys Technologies, the company confirmed in a pre-close update.

The AIM-listed outfit winched total revenue 78% higher to €33.5m, which helped lift its year-end cash 5.6% to €15.2m thanks also to better licence income and improvements in working capital.

There were 59 distributor and agency agreements in place for its main Accoya product, an increase from 50 at the half year stage, 42 in 2013 and 35 in 2012.

Chief Executive Paul Clegg, brother of the UK Deputy Prime Minister Nick, said the year had seen a "step change" in the scale of the business, although the company still remained at an early stage.

"The extensive efforts we have put into marketing and promoting our world leading products is now being borne out by our sales volume growth as our products gain wider market acceptance."

House broker Numis said its pre-tax loss estimate of €8.5m has been maintained but "could be prudent due to the strong top line - although we may have been slightly light as regards the growth in operating costs".

Shares in 11.56% to €0.23 by midday on Wednesday.

OH

Email this article to a friend

or share it with one of these popular networks:


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 88.00p
Change Today 1.40p
% Change 1.62 %
52 Week High 112.50
52 Week Low 65.00
Volume 65,000
Shares Issued 164.27m
Market Cap £144.56m
RiskGrade 172

AXS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
17.51% below the market average17.51% below the market average17.51% below the market average17.51% below the market average17.51% below the market average
6.67% below the sector average6.67% below the sector average6.67% below the sector average6.67% below the sector average6.67% below the sector average
Price Trend
11.29% above the market average11.29% above the market average11.29% above the market average11.29% above the market average11.29% above the market average
6.67% below the sector average6.67% below the sector average6.67% below the sector average6.67% below the sector average6.67% below the sector average
Income Not Available
Growth
37.52% above the market average37.52% above the market average37.52% above the market average37.52% above the market average37.52% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_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 13-Jul-2020

Time Volume / Share Price
11:10 10,000 @ 88.00p
11:10 10,000 @ 88.00p
10:47 10,000 @ 88.00p
10:47 10,000 @ 88.00p
09:47 7,500 @ 88.00p

AXS Key Personnel

Chair Patrick Shanley
Finance Director William Bickerton Rudge
CEO Robert Harris

Top of Page