Accsys Technologies plc : A profit warning that makes the alarm bells go off?
>Kitchen sinking or something else? - The profit warning of last week, citing lower demand, may have included a kitchen sinking component by incoming CEO Arsic van Os but it also begged the question whether demand for the premium priced Accoya and Tricoya is as strong as always assumed. We lower our 2024 and 2025 sales and EBITDA estimates materially but, for now, assume that end market demand has not weakened structurally. Based on that assumption and these estimate...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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