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ACLN — Accelleron Industries AG News Story

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Accelleron rises on guidance hike after 'strong' H1 growth

BUZZ-Accelleron rises on guidance hike after 'strong' H1 growth

** Shares in Accelleron Industries ACLN.S rise 5.6% pre-market after it raised FY revenue growth outlook

** The engine turbocharger maker expects organic revenue growth between 14% and 17% (prev.: +9%-14%)

** Vontobel says the guidance hike confirms the company's "beat-and-raise pattern" and supports the shares even if consensus estimates are already at the higher end

** Accelleron's H1 revenues come in at $737.3 million

** Jefferies says H1 growth is strong across the board

** Up to the previous session close, the stock gained 26.5% YTD


(Reporting by Amir Orusov)

((Amir.orusov@thomsonreuters.com))

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