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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: 38.30
Bid: 38.30
Ask: 38.40
Change: 0.00 (0.00%)
Spread: 0.10 (0.261%)
Open: 38.50
High: 38.50
Low: 38.30
Prev. Close: 38.30
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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 May 2018 12:13

Accrol To Raise GBP2 Million Through Conditional Open Offer (ALLISS)

LONDON (Alliance News) - Accrol Group Holdings PLC said Tuesday it will raise additional funds through a conditional open offer following last Tuesday's placing.The toilet paper is to a

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15 May 2018 17:43

DIRECTOR DEALINGS SUMMARY: Accrol Directors To Participate In Placing

LONDON (Alliance News) - The following is a summary of director dealings reported in London on Tuesday.----------Accrol Group Holdings said it intends to raise a of

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15 May 2018 16:05

Accrol Intends To Raise Up To GBP10 Million Via Share Issue (ALLISS)

LONDON (Alliance News) - Accrol Group Holdings PLC said on Tuesday it intends to raise GBP8.0 million through a placing of 53.3 million shares at a price of 15.0 pence per share.Shares in a

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3 May 2018 16:44

Asset Manager Schroders Raises Accrol Holding By 2.5% (ALLISS)

LONDON (Alliance News) - Soft tissue products firm Accrol Group Holdings PLC said on Thursday that Schroders PLC raised its stake in the company by 2.5%.Before the transaction the asset of

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1 May 2018 10:27

Accrol Group Gets Banking Covenant Breathing Space From Lenders

LONDON (Alliance News) - Accrol Group Holdings PLC on Tuesday said its lenders have waived earnings covenant tests, while also delaying the reduction in its revolving credit facility stock was up

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29 Mar 2018 11:05

Jeesr Industries Holds 4.5% Accrol Stake After Share Fall Collapse (ALLISS)

LONDON (Alliance News) - Accrol PLC said Thursday that Moroccan-based pulp tissue maker Jeesr Industries held a 4.5% stake in the toilet tissue maker after a transaction last

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4 Jan 2017 11:02

Toilet paper company Accrol on a roll thanks to Brexit hedging

(ShareCast News) - Investors in Accrol Group were feeling flush after the toilet and kitchen paper manufacturer declared a maiden interim dividend thanks to its hedging against Brexit currency effects and a contract with Lidl that adds to its growing roll call of larger retailers. As it continues it

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4 Jan 2017 08:23

Accrol Profit Falls On IPO Costs But Discounter Sales Boost Revenue

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7 Nov 2016 12:27

Accrol on track for full year

(ShareCast News) - AIM-listed loo roll manufacturer Accrol Group said on Monday that it remains confident in its outlook for the full year. The group said it has made good progress since the start of this financial year, with trading in line with its expectations. In the six months to the end of Oc

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22 Jul 2016 15:54

Accrol reports jump in annual earnings shortly after AIM IPO

(ShareCast News) - Accrol Group, a maker of toilet rolls and tissue paper, on Friday reported its first set of annual results since floating on the London Stock Exchange's AIM market on 10 June. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) jumped 22% to £15m in the

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15 Jul 2016 15:03

UK Earnings, Trading Statements Calendar - Next 7 Days

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8 Jul 2016 06:36

Accrol Wins Retailer Supply Contract, Trading In Line With Market View

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10 Jun 2016 09:50

Accrol Shares Rise As It Begins Trading; Draper Espirit Prices IPO (ALLIPO)

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