FY19 performance at the Arnhem Accoya facility has been robust with successful delivery of higher volumes from raised capacity. Construction delays at the new Hull Tricoya facility outside Accsys’s control are a near-term frustration and dampen EBITDA progression over our forecast horizon. That said, achieving a positive group EBITDA outturn in FY19 is a significant milestone. The current valuation is underpinned by Arnhem.
23 Apr 2019
Accsys Technologies - EBITDA milestone achieved, Hull build delay
Accsys Technologies - EBITDA milestone achieved, Hull build delay
Accsys Technologies PLC (AXS:LON) | 60.0 0 0.0% | Mkt Cap: 143.6m
- Published:
23 Apr 2019 -
Author:
Toby Thorrington -
Pages:
3
FY19 performance at the Arnhem Accoya facility has been robust with successful delivery of higher volumes from raised capacity. Construction delays at the new Hull Tricoya facility outside Accsys’s control are a near-term frustration and dampen EBITDA progression over our forecast horizon. That said, achieving a positive group EBITDA outturn in FY19 is a significant milestone. The current valuation is underpinned by Arnhem.