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Pin to quick picksAccrol Gp Share News (ACRL)

Share Price Information for Accrol Gp (ACRL)

London Stock Exchange
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Share Price: 38.20
Bid: 38.20
Ask: 38.30
Change: 0.20 (0.53%)
Spread: 0.10 (0.262%)
Open: 38.00
High: 38.40
Low: 38.00
Prev. Close: 38.00
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Accrol profits wiped out by macro factors

Tue, 08th Jan 2019 08:54

(Sharecast News) - Toilet paper supplier Accrol has seen its profitability "considerably" impacted after it remained sensitive to external macro-economic variables and increasing paper costs in the first half of its trading year.Accrol, which transformed its operations to address internal cost issues and customer margins just last year, warned that the continued weakening of sterling against the US dollar had "impacted profitability considerably".The negative impact of rising input costs, combined with moves in foreign exchange markets, on the group's profitability left a £5m hole in its bottom line and, should the current USD exchange rate and high tissue prices prevail, Acroll estimates input costs will rise by a further £3.5m in the second half of the year.Given macro-economic headwinds, the AIM-listed outfit now expects that its full-year adjusted EBITDA will be just £1m.Chief executive Gareth Jenkins said: "Whilst the ongoing macro headwinds encountered by the UK tissue converter industry as a whole in FY19 to date are beyond our control, we are building a more robust business which is increasingly resilient and agile under adverse macro conditions.""We are confident that we can create a solid business which delivers acceptable levels of return even under difficult macro conditions and additional upside for shareholders given fair winds."As of 1000 GMT, Accrol shares had sunk 30% to 14.70p.
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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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