UK's Accsys Technologies falls on slower than expected FY27 trading start
Shares of wood building products maker Accsys Technologies fell as much as 10.9% to 63.5p, hitting their lowest level in over five months. The company stated that FY27 trading began slower than anticipated due to cautious consumer behavior and delayed projects, influenced by inflation and higher interest rates. Revenue for the five months ended Aug. 31 was €56 million, down from €60.4 million a year ago. Accsys expects FY adjusted EBITDA in the range of €21 million to €23 million, below the market consensus of €28.8 million.
5p, their lowest in more than five months, after the company said FY27 trading had begun more slowly than expected. The company said inflation and higher interest rates had made consumers more cautious and delayed projects. 3 mln) for the five months ended Aug. 4 mln a year earlier.
8m. 5% year-to-date. 8712 euros)