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Accsys Technologies: Moving To Positive EBITDA

By Edison ETFsDec 19, 2018 09:10AM ET
www.investing.com/analysis/accsys-technologies-moving-to-ebitda-positive-200369471/
Accsys Technologies: Moving To Positive EBITDA
By Edison   |  Dec 19, 2018 09:10AM ET
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Accsys (LON:ACCS) continues to make positive progress and is now generating revenue from its latest investment at Arnhem. We expect the new, under-construction Tricoya facility to follow suit within the next year, at which point annual group revenue potential will be around €150m according to management. In the near term, we expect to see an EBITDA positive outturn in FY19.

Accsys Technologies
Accsys Technologies

Enlarged Arnhem facility improving performance

Increased revenue, Arnhem profitability and a halved group EBITDA loss were the financial highlights in H119. Behind this, Accsys achieved a c 8% uplift in Accoya volumes or c 21,400m3 sold in the period, which included the third reactor at Arnhem coming on stream. Based on previously released five-month data, the implied September throughput was c 4,500m3, which is approaching the enlarged annual capacity (ie 60,000m3) on a monthly run rate basis. Elsewhere, other costs appeared to be well controlled and the current investment phase resulted in a €34m net debt position at the end of September. As expected, no interim dividend was declared.

To read the entire report Please click on the pdf File Below..

Accsys Technologies: Moving To Positive EBITDA
 

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Accsys Technologies: Moving To Positive EBITDA

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