Stand-outs from a strong first half include an increased share of the discount sector (c 50% in H1 16/17), the best performing segment of Accrol’s target market, and impressively higher gross margins y-o-y despite adverse forex shifts triggered by the EU referendum. The latter reflects effective currency hedges, but just as important, the flexible way in which Accrol sources raw materials. We see this as a differentiator and source of genuine competitive advantage.
04 Jan 2017
Gearing up for a strong second half
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Gearing up for a strong second half
Accrol Group Holdings plc (ACRL:LON) | 38.8 0 0.0% | Mkt Cap: 123.6m
- Published:
04 Jan 2017 -
Author:
Roger Leboff -
Pages:
9
Stand-outs from a strong first half include an increased share of the discount sector (c 50% in H1 16/17), the best performing segment of Accrol’s target market, and impressively higher gross margins y-o-y despite adverse forex shifts triggered by the EU referendum. The latter reflects effective currency hedges, but just as important, the flexible way in which Accrol sources raw materials. We see this as a differentiator and source of genuine competitive advantage.