Accsys Technologies (AXS)

Sector:

Manufacturing

Index:

FTSE AIM All-Share

 102.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 118.75
  • 52 Week Low: 92.50
  • Currency: UK Pounds
  • Shares Issued: 162.08m
  • Volume: 4,589
  • Market Cap: £166.14m
  • RiskGrade: 82

Accsys Technologies revenues rise as Accoya wood demand stiffens

Date: Thursday 12 Feb 2015

LONDON (ShareCast) - Wood hardening group Accsys Technologies announced a positive third-quarter update, with strong production volumes and news of continuing growth in demand for its Accoya wood product.
Revenues in the nine months to 31 December stiffened 41% to €32.4m, accelerating from the 38% growth at the first half.

A 48% improvement in underlying cash-flow compared to same quarter last year, led to a strong balance sheet of €7.1m net cash.

Progress was revealed in the multi-year global marketing agreement with chemicals giant Solvay, tied up in December, with Accsys having so far received €2m of non-refundable payments.

Work on a new plant at Freiberg also remained on track for completion in 2016, with Accsys to grant Solvay a non-exclusive global licence option and for Solvay to grant Accsys the option to invest in a large minority share in the European project and future production projects.

House broker Numis said the group continues to make strategic, operational and financial progress and highlighted that the group saw a positive outlook for Accoya, with management expecting continued growth in volumes and price to result in further improvements to manufacturing profitability.

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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 102.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 118.75
52 Week Low 92.50
Volume 4,589
Shares Issued 162.08m
Market Cap £166.14m
RiskGrade 82

AXS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
32.4% below the market average32.4% below the market average32.4% below the market average32.4% below the market average32.4% 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
9.18% below the market average9.18% below the market average9.18% below the market average9.18% below the market average9.18% below the market average
14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average
Income Not Available
Growth
20.73% above the market average20.73% above the market average20.73% above the market average20.73% above the market average20.73% above the market average
57.14% above the sector average57.14% above the sector average57.14% above the sector average57.14% above the sector average57.14% above the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
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 22-Jan-2020

Time Volume / Share Price
09:04 525 @ 102.30p
08:03 525 @ 102.04p
08:02 3,539 @ 104.00p

AXS Key Personnel

Chair Patrick Shanley
Finance Director William Bickerton Rudge
CEO Robert Harris

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