Accsys Tech Share News (AXS)

AIM WINNERS & LOSERS: Accsys Technologies drops on weakening demand

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

Accsys shares tank after profit warning

(Sharecast News) - Shares in Accsys Technologies plummeted on Friday after the high-performance wood products group delivered a profit warning on the back of weakness from construction markets in the UK, Europe and North America.

IN BRIEF: Accsys Technologies swings to annual loss on impairment

Accsys Technologies PLC - London-based wood building products manufacturer - Posts revenue of EUR162.0 million for the financial year that ended on March 31, up 34% from EUR120.9 million the year before. Underlying earnings before interest, tax, depreciation and amortisation double to EUR22.9 million from EUR10.4 million the year before. Says the rise in both revenue and underlying Ebita is driven by increased sales prices and strong ongoing demand for Accsys products. However, swings to a pretax loss of EUR67.1 million from a profit of EUR1.7 million, as operating costs rise to EUR127.3 million from EUR31.7 million the year before. Explains that an impairment loss of EUR86.0 million is recognised in the recent year. The impairment relates to the company's purchase of full ownership of its Tricoya Hull plant from partners.

UK earnings, trading statements calendar - next 7 days

TRADING UPDATES: Grafenia "cautiously optimistic" about year ahead

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

Accsys Technologies ends year in strong position

(Sharecast News) - Wood products company Accsys updated the market on its end-of-year guidance and key strategic projects for the 12 months ended 31 March on Wednesday.

THG names Sue Farr as senior independent director amid takeover talks

(Alliance News) - THG PLC, which trades as The Hut Group, on Monday named Sue Farr as its new senior independent director, amid takeover talks.

Accsys Technologies taps Imerys and names Arsic van Os as new CEO

(Alliance News) - Accsys Technologies PLC announced on Tuesday the appointment of Jelena Arsic van Os as chief executive officer, effective July 1.

Accsys taps Dr Jelena Arsic van Os for CEO

(Sharecast News) - Wood products manufacturer Accsys revealed on Tuesday that Dr Jelena Arsic van Os had been appointed chief executive officer-designate, with the doctor set to take over on a full-time basis no later than 1 July.

Accsys chair becomes interim executive chair, hires new finance chief

(Alliance News) - Accsys Technologies PLC on Friday said its current chair will become executive chair on an interim basis as it continues its search for a new chief executive officer, while it also hired a new chief financial officer.

Accsys chair becomes interim executive chair, hires new finance chief

(Alliance News) - Accsys Technologies PLC on Friday said its current chair will become executive chair on an interim basis as it continues its search for a new chief executive officer, while it also hired a new chief financial officer.

TRADING UPDATES: Empresaria eyes annual operating profit to double

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

IN BRIEF: Accsys Technologies swings to interim loss; revenue rises

Accsys Technologies PLC - London-based wood building products manufacturer - Reports total group revenue of EUR58.9 million for the six months that ended on September 30, up 4.8% from EUR56.2 million a year earlier. Says revenue is driven by increased average sales prices and product mix, despite lower volumes. However, the company swings to a pretax loss of EUR56.3 million, from a profit of EUR662,000, as other operating costs surged to EUR75.3 million from EUR15.8 million a year ago.

UK earnings, trading statements calendar - next 7 days

Accsys assumes ownership of Tricoya Entities in consortium restructure

(Alliance News) - Accsys Technologies PLC on Wednesday said it had acquired full ownership of Tricoya Entities in return for company shares, following a restructuring prompted by considerable delays at the Hull construction site.