Accsys Technologies PLC - London-based wood building products manufacturer - Pretax loss narrows to €17.1 million in the financial year ended March 31, from €67.1 million a year prior. Revenue declines 16% to €136.2 million from €162.0 million. Cost of sales decrease 11% to €95.3 million from €106.9 million, while ‘other’ operating costs narrows sharply to €50.1 million from €127.3 million. This is amid exceptional items costs reducing to €8.2 million from €87.5 million.
Looking ahead, the company says it ‘has made a good start to FY25. While market headwinds in the building materials and construction industry persist and are expected until the end of the calendar year, Q1 sales for the company are in line with expectations.’ It adds it remains confident about its long-term potential to deliver about 100,000 square cubic metres of production volume across Arnhem and Kingsport by the end of financial year 2027.
Current stock price: 57.16 pence each, down 9.3% on Wednesday afternoon in London
12-month change: down 25%
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