Accsys Technologies plc : Momentum is picking up but visibility is still limited in the short-term
>Solid FY21 results - Accsys reported its FY21 results last week, with the results stronger than expected. It reported underlying revenues of € 99.8m, a 9% beat versus consensus, and yoy growth of 10% growth. The positive revenue development was driven by the higher amount of Accoya sold in the second half of the year (34,044 m3 vs. our expectation of 30,578 m3) and an increase in average sales prices. The company has also displayed strong profitability progress, as t...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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