Accsys Technologies 1Q Accoya Wood Revenue EUR2.3M

LONDON (Dow Jones)--Accsys Technologies PLC (AXS.LN) said Monday that in the first quarter it achieved record Accoya wood sales of EUR3.2 million and record production volumes at the production plant in Arnhem. MAIN FACTS: -Accoya wood revenue of EUR3.2 million for the quarter ended June 30 is a 46% increase compared to the same quarter of last year. -Production volumes have increased by 76% from 2,161 cubic meters to 3,805 cubic meters for the same period, reflecting forward sales. -Accsys continues to focus on decreasing costs and generating efficiencies, the benefits of last year's improvements and headcount reduction have had a positive impact on operating costs. -Staff costs for the quarter ended June 30 were 23% less than the same quarter last year, which is equivalent to an annualized saving of EUR2.8 million. -Shares closed Friday at 23.21 pence. -By Tommy Stubbington, Dow Jones Newswires; 44-20-7842-9268; tommy.stubbington@dowjones.com (END) Dow Jones Newswires July 19, 2010 02:24 ET (06:24 GMT)