Accrol has delivered strong H1 results, with underlying EBITDA +69% YOY driven by stronger than expected gross margins as mix benefits continue to come through. We maintain earnings forecasts for now, albeit believe these to be well underpinned by margin improvements, synergies and growth. We believe Accrol is well positioned to emerge as a £35-40m EBITDA business over the medium term, in what we see as an exciting period for the Group.
12 Jan 2021
Accrol Group Holdings Plc (ACRL LN) - Firing on all cylinders
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Accrol Group Holdings Plc (ACRL LN) - Firing on all cylinders
Accrol Group Holdings plc (ACRL:LON) | 38.7 0 0.0% | Mkt Cap: 123.4m
- Published:
12 Jan 2021 -
Author:
Rachel Birkett, CFA -
Pages:
10
Accrol has delivered strong H1 results, with underlying EBITDA +69% YOY driven by stronger than expected gross margins as mix benefits continue to come through. We maintain earnings forecasts for now, albeit believe these to be well underpinned by margin improvements, synergies and growth. We believe Accrol is well positioned to emerge as a £35-40m EBITDA business over the medium term, in what we see as an exciting period for the Group.