Research on Accsys Technologies PLC (AXS:LON) from Progressive Equity Research
We are maintaining our forecasts for FY27E-30E after Accsys Technologies delivered FY26 results in line with or slightly ahead of our expectations, with especially strong growth from the USA. The Anglo-Dutch speciality timber products manufacturer grew group revenue by 20% and nearly doubled adjusted EBITDA, achieving close to the targets in Phase One of its ‘FOCUS’ strategy a year early and making substantial improvements to its leverage.
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