UK's Accsys Technologies falls on slower-than-expected FY27 trading start

By Reuters News

** Shares of wood building products maker Accsys Technologies ACCS.L fall as much as 10.9% to 63.5p; stock hits lowest level in over five months

** Co says FY27 trading started slower than expected as inflation and higher interest rates made consumers more cautious and delayed projects

** Reports revenue of €56 mln ($64.3 mln) for five months ended Aug. 31, compared to €60.4 mln a year ago

** Expects FY adj EBITDA in the range of €21 mln to €23 mln, compared to market consensus of €28.8m

** Stock up ~6.5% YTD


($1 = 0.8712 euros)

Capital Com is an execution-only service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk