Reissue Restatement Of Revenue: Accsys Technologies
Edison | Sep 25, 2018 02:24AM ET
AGM comments point to operational progress at Arnhem and an on-track construction schedule for the new Tricoya facility at Hull. Accsys Technologies (LON:ACCS) has set out a clear development plan for the group; while we are not placing undue weight on a short trading period, we are encouraged to see that growing revenues and production volumes have been achieved in the year to date.
Progress to date in FY19
In the first five months of FY19, Accoya’s solid wood production volume was 4.9% ahead of the prior year at 16,918m3. The first two reactors at Arnhem have been effectively running at capacity since H217; the third came on stream in July and has made a modest (unspecified) contribution to this outturn. It adds a further 20,000m3 annual capacity, a 50% increase on what was previously available. With revenue c 5.3% up y-o-y and taking production volume as a proxy for sales suggests average pricing is slightly up. No new profit information was included in the statement. Otherwise, references to the expected Hull Tricoya facility construction phase and aspirations for new overseas partnerships were consistent with previous comments.
To read the entire report Please click on the pdf File Below:
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.