Accsys Technologies plc : Encouraging trading update but more is required
>Encouraging Q1 trading update - Accsys has unexpectedly issued a Q1 2024/2025 trading update. Sales developments are positive. Accsys says that in Q1 (April to June 2024), sales grew by 3% suggesting that the destocking has in fact ended and that demand is picking up or there is a bit of restocking from very low inventory levels at distributors. Comps were also relatively easy as sales declined in Q1 of 2023/2024. Positive is that the statement that the North America...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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