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 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.

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 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
Chair Stephen Odell

Top of Page