Describing itself as “the world’s leading supplier of premium, high-performance and sustainable wood building materials”, Accsys Technologies (AXS) has issued a “Trading Update” including that it “expects full year underlying EBITDA (excluding the JV) to be broadly in line with market expectations… demonstrating margin improvement” and what about a current share price response to 63p, 12% lower?
Previously writing on sustainable wood company Accsys Technologies (AXS), in November with the shares down to 64p I noted even an adjusted loss and it also updating end-September half year “adjusted net debt of approximately €62m (31 March 2022: €55m)” – and continued to avoid. The shares have recently been significantly recovering but are currently back towards 70p following a “trading update”.
Previously writing on sustainable wood company Accsys Technologies (AXS), in September with the shares at 78p I concluded that the latest update suggests operational and financial troubles remain and I certainly currently avoided. So what of now an “Update on Tricoya - Consortium restructure”-titled announcement?
Sustainable wood company Accsys Technologies (AXS) has issued a trading update commencing “continuing strong demand… the introduction of an Energy Price Premium to sales prices from May 2022 continues to help the group manage the cost impact of volatile and elevated gas prices in Europe”. So what of a share price on the back of it currently more than 12% lower at 78p, though still an above £161 million market cap?
