Accsys Technologies plc : 2023 results better than expected, mixed news Tricoya, more opex in 2024
>Better than expected 2023 sales and EBITDA - Although Accsys already pre-released produced volumes and net debt, the company has today issued the full preliminary results. Sales beat our estimate by 8%, mainly due to higher than expected sales prices (including an energy surcharge) and higher volumes in Acoya Colour (4,000 m3 versus 2,000 m3 expected). Underlying EBITDA came in at €22.9m, beating our estimate by 8% while EBITDA was also higher than guided for (nearl...Accsys Technologies is a holding company. Through its subsidiaries, Co. is a chemical technology group focused on the development and commercialization of a range of transformational technologies based upon the acetylation of solid wood and wood elements (wood chips, fibres and particles) for use as construction materials. Co.'s business consists of the following: commercial scale Accoya® wood production and sales facility in Arnhem; building and operating of Tricoya® wood chip acetylation plant in Hull; Accoya and Tricoya technology licensing and business development; and technology and product development.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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