Accrol hits over one-year low on FY22 profit warning as costs rise

Accrol group

20/10/2021 09:48

** British tissue product supplier  ACRL.L  slumps as much
as 25.47% to 33.5p, its lowest in over a year
    ** Stock set to record its worst day since January 2019
    ** ACRL warns FY22 profit would be lower than expected 
    ** Cites supply issues in recent weeks for increase in
costs; expects supply to get tighter    
    ** "Distribution pressures, the availability of HGV drivers,
which served to increase costs further, have restricted revenue
growth in FY22" - co
    ** ACRL has seen very substantial cost increases over the
last 6 months, but it is in a structurally much stronger
position to deal with these pressures than at any time in the
past - Liberum
    ** Including session losses, down 43.6% YTD


 (Reporting by Sinchita Mitra)
 ((sinchita.mitra@thomsonreuters.com))