UK's Accsys Technologies gains on robust annual profit

Accsys Technologies

27/06/2023 14:08

** Shares of wood building products maker Accsys
Technologies  ACCS.L  up as much as 5.6% at 81p; hits highest
level in over four months
    ** Reports a 120% jump in annual underlying EBITDA of 22.9
million euros ($25.12 million), ahead of previous guidance,
owing to higher revenues and average selling prices (ASP)
counteracting high raw material costs
    ** Posts FY revenue growth of 34% to 162 mln euros due to
strong product demand, higher ASP and implementation of Energy
Price Premium (EPP)
    ** Says made good start to FY24, performance in line with
expectations
    ** Shares up ~23% YTD, as of last close


    
   


($1 = 0.9117 euros)

 (Reporting by Anchal Rana in Bengaluru)
 ((Anchal.Rana@thomsonreuters.com; +91 9915609050;))