Accsys Technologies (AXS)

Sector:

Manufacturing

Index:

FTSE AIM All-Share

158.50p
   
  • Change Today:
      2.50p
  • 52 Week High: 188.00
  • 52 Week Low: 86.12
  • Currency: UK Pounds
  • Shares Issued: 192.38m
  • Volume: 63,436
  • Market Cap: £304.92m
  • RiskGrade: 210
  • Beta: 0.02

Accsys H2 sales and revenues grow following 'rapid recovery'

By Iain Gilbert

Date: Friday 16 Apr 2021

LONDON (ShareCast) - (Sharecast News) - Building products company Accsys said on Friday that it had seen strong sales and revenue growth in the second-half following a "rapid recovery" after the initial impact of Covid-19 in the first quarter.
Accsys recorded full-year revenues of approximately €91.0m from sales of its Accoya acetylated solid wood, up around 10%, with the second half of the year up around 23% on the prior year comparative, while overall group revenues exceeded €98.0m.

Sales volumes of approximately 60,466m3 were also up around 4% year-on-year, with the AIM-listed firm stating it had also made further progression on profitability due to an improved manufacturing margin through a combination of initiatives.

At the end of the year, Accsys highlighted that it was focussing on rebuilding inventory stock levels, which were lower than usual due to reductions during Covid-19 disruptions in the first half of the 2021 trading year and certain consequent supply chain disruptions.

Accsys added that its balance sheet remained "robust" following "careful cash management" during the past year, while net debt was down at approximately €12.5m, compared to €16.3m as of 30 September.

Chief executive Rob Harris said: "We have delivered a strong 12 months during which we have grown revenues, profits and preserved cash by successfully managing the revenue, margin and cost challenges presented by Covid-19. This strong performance reflects the agility of our business and the underlying demand for our sustainable products as the world further focuses on decarbonisation."

As of 0925 BST, Accsys shares were up 4.90% at 150.0p.

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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 158.50p
Change Today 2.50p
% Change 1.60 %
52 Week High 188.00
52 Week Low 86.12
Volume 63,436
Shares Issued 192.38m
Market Cap £304.92m
Beta 0.02
RiskGrade 210

AXS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
91.63% below the market average91.63% below the market average91.63% below the market average91.63% below the market average91.63% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
77.26% above the market average77.26% above the market average77.26% above the market average77.26% above the market average77.26% above the market average
85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average
Income Not Available
Growth
24.07% below the market average24.07% below the market average24.07% below the market average24.07% below the market average24.07% below the market average
Sector averageSector averageSector averageSector averageSector 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 15-Oct-2021

Time Volume / Share Price
16:35 2 @ 158.50p
16:25 4 @ 159.50p
15:35 1 @ 159.50p
13:56 3 @ 159.50p
13:07 50,000 @ 158.50p

AXS Key Personnel

Finance Director William Bickerton Rudge
CEO Robert Harris

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