Accrol has delivered a solid set of FY results, which were well flagged at the adjusted EBITDA level, but outperformed our adjusted EPS by 1.7%. We are maintaining our FY22 estimates, upgrading FY23 forecasts and introducing our FY24 numbers for the first time. We believe Accrol will emerge as a £45m+ EBITDA business with a self-funded papermill, and we believe the Group is well positioned to deliver strong growth in shareholder value from here.
14 Jul 2021
Accrol Group Holdings Plc (ACRL LN) - Well placed for future growth
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Accrol Group Holdings Plc (ACRL LN) - Well placed for future growth
Accrol Group Holdings plc (ACRL:LON) | 38.4 0 0.0% | Mkt Cap: 122.3m
- Published:
14 Jul 2021 -
Author:
Rachel Birkett, CFA -
Pages:
12
Accrol has delivered a solid set of FY results, which were well flagged at the adjusted EBITDA level, but outperformed our adjusted EPS by 1.7%. We are maintaining our FY22 estimates, upgrading FY23 forecasts and introducing our FY24 numbers for the first time. We believe Accrol will emerge as a £45m+ EBITDA business with a self-funded papermill, and we believe the Group is well positioned to deliver strong growth in shareholder value from here.