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Pin to quick picksAccrol Gp Share News (ACRL)

Share Price Information for Accrol Gp (ACRL)

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Share Price: 38.60
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Accrol performs 'well' following restructuring

Mon, 10th Jun 2019 10:09

(Sharecast News) - Tissue maker Accrol Group told investors on Monday that it had "performed well" and in line with its turnaround objectives following the conclusion of its restructuring programme.Accrol achieved and maintained "acceptable levels" of monthly profitability on an underlying basis, with total revenues for the year coming in broadly unchanged on a like-for-like basis at £119m after exiting several low margin contracts.Sales of the group's core toilet roll product increased by 12% year-on-year to £85m in the year ended 30 April and adjusted EBITDA came to roughly £1m - a £7m improvement on the prior year despite FX and material cost headwinds increasing by an estimated £10m.Accrol now expects to record an adjusted pre-tax loss of £2.5m to £3m, while exceptional costs, primarily associated with the turnaround process, were estimated to be £7.5m to £8m.On the other hand, Accrol did cut its net debt faster than anticipated, finishing the year at around £27.1m - £2.5m lower than the previously anticipated level of £29.6m.Chairman Dan Wright said: "I am very pleased to report that we finished FY19 in a much stronger position, following the conclusion of a transformational restructuring, and that the new financial year has started well."The group is now enjoying the full benefits of the structural cost savings achieved in FY19, achieving an acceptable level of margin for a business of its type. Our management team is confident of delivering further profitable revenue growth and creating new exciting opportunities for the group."As of 1005 BST, Accrol shares had ticked up 0.96% to 26.25p.
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22 Mar 2024 16:53

LONDON MARKET CLOSE: Rate cut euphoria lifts FTSE 100; New York slips

(Alliance News) - London's FTSE 100 ended higher on Friday, boosted by a favourable Bank of England interest rate outlook, though trade elsewhere was mixed as a rally in New York showed signs of exhaustion.

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22 Mar 2024 10:51

Accrol Group shares surge on takeover deal with Navigator

(Alliance News) - Accrol Group Holdings PLC has agreed to a GBP127.5 million takeover offer from a subsidiary of Navigator Co SA, the buyer said on Friday.

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22 Mar 2024 07:42

Portugal's Navigator to buy UK loo roll maker Accrol in £127.5m deal

(Sharecast News) - AIM-listed toilet paper maker Accrol said on Friday that it has agreed to be bought by Portuguese paper firm Navigator in a £127.5m deal.

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30 Jan 2024 12:04

EARNINGS: Accrol swings to interim profit; Pressure Tech revenue up

(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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18 Jan 2024 20:55

TRADING UPDATES: Accrol makes buy; Artemis begins reconnaissance work

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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22 Nov 2023 15:06

Accrol hikes expectations after strong first half

(Sharecast News) - Tissue conversion specialist Accrol reported a solid first-half performance in a trading update on Wednesday, having experienced continuous volume growth.

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22 Nov 2023 12:21

TRADING UPDATES: Accrol to beat consensus; Plant Health cautions

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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25 Oct 2023 12:43

IN BRIEF: Nichols appoints new chief financial officer from March

Nichols PLC - Newton Le Willows, England-based soft drinks manufacturer - Appoints Richard Newman as director, effective from January 29, before becoming chief financial officer in March following publication of its 2023 preliminary results. Interim CFO David Taylor will step down from the board at the same time in March. Says Newman was most recently CFO at Accrol Group Holdings PLC between 2021 and 2023. Nichols Non-Executive Chair Liz McMeikan comments: "Richard brings a wealth of highly relevant experience to the group and I have every confidence that he will make a substantial contribution to the group's continued development and growth."

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17 Oct 2023 15:43

UK shareholder meetings calendar - next 7 days

Wednesday 18 October 
Ashmore Group PLCAGM
Barratt Developments PLCAGM
Round Hill Music Royalty Fund LtdCourt Meeting and GM re cash offer
Thursday 19 October 
Argo Group LtdAGM
Bridgepoint Group PLCGM re adding Energy Capital to platform
Direct Line Insurance Group PLCGM re sale of brokered commercial insurance business lines to RSA Insurance Ltd
Instem PLCGM re takeover by Archimed
Medtronic PLCAGM
Pantheon International PLCAGM
Rank Group PLCAGM
Friday 20 October 
GSTechnologies LtdAGM
Monday 23 October 
abrdn New Dawn Investment Trust PLCGM re scheme and associated amendments to Company's articles
City of London Investment Group PLCAGM
Finsbury Food Group PLCGM re takeover by Frisbee Bidco
Landore Resources LtdEGM re fundraising
Mothercare PLCAGM
Naked Wines PLCGM re annual report and accounts
Oracle Power PLCGM re capital reorganisation
Provexis PLCAGM
Tuesday 24 October 
Accrol Group Holdings PLCAGM
Oneiro Energy PLCAGM
Tufton Oceanic Assets LtdAGM
WH Ireland Group PLCAGM
  
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26 Sep 2023 14:26

EARNINGS: Mortgage Advice Bureau loses profit, Accrol boosts revenue

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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16 May 2023 14:34

IN BRIEF: Accrol expects annual results to be in line with market view

Accrol Group Holdings PLC - Blackburn, England-based private-label toilet roll maker - Expects revenue and adjusted earnings before interest, tax, depreciation and amortisation for the year ended on April 30 to be in line with current market expectations. For financial 2022, adjusted Ebitda was GBP9.1 million. Revenue is expected at GBP241.8 million for financial 2023, up 52% from GBP159.5 million the year before.

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2 May 2023 13:46

IN BRIEF: Accrol names Chris Welsh, once of Ineos, as new CFO

Accrol Group Holdings PLC - Blackburn, England-based private-label toilet roll maker - Promotes Chris Welsh to chief financial officer, effective immediately. He replaces Richard Newman, who resigns as CFO and steps down from board. Newman will remain with the company until the audit process for its financial 2023 results is completed. Says Welsh joined Accrol in October last year, earmarked to become CFO as part of the board's succession planning. Prior to this, says Welsh held several senior finance roles at chemical manufacturer Ineos, most recently as head of financial reporting in its Enterprises unit.

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1 Mar 2023 15:21

TRADING UPDATES: Accrol deal with Unilever; Harland & Wolff optimistic

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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1 Mar 2023 10:45

AIM WINNERS & LOSERS: Eqtec says conditions not met for agreement

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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1 Mar 2023 09:24

Accrol strikes licensing agreement with Unilever

(Sharecast News) - Tissue converter Accrol has struck an agreement with Unilever to exclusively produce and sell a kitchen towel product under its Lifebuoy brand.

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