To fulfil the ongoing strong market demand for its high-performance wood products, Accsys aims to expand its total processing capacity from 60,000m3 currently to 200,000m3 by 2025, with 60,000m3 coming on stream in the next three months. Construction delays in Arnhem and working capital needs were the main reasons for the €19m capital rise on 25 May 2022. We have updated our model and raised our revenue estimates, mainly to include the effect of higher pricing, but have lowered our profitability ....
15 Jun 2022
Accsys Technologies - Additional capacity comes at additional costs
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Accsys Technologies - Additional capacity comes at additional costs
Accsys Technologies PLC (AXS:LON) | 56.5 0.3 0.9% | Mkt Cap: 135.2m
- Published:
15 Jun 2022 -
Author:
Johan van den Hooven -
Pages:
9
To fulfil the ongoing strong market demand for its high-performance wood products, Accsys aims to expand its total processing capacity from 60,000m3 currently to 200,000m3 by 2025, with 60,000m3 coming on stream in the next three months. Construction delays in Arnhem and working capital needs were the main reasons for the €19m capital rise on 25 May 2022. We have updated our model and raised our revenue estimates, mainly to include the effect of higher pricing, but have lowered our profitability ....