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Accsys Technologies (AXS)

Business description

Accsys Technologies is a chemical technology company focused on ‘sustainability’ via the development and commercialisation of a range of transformational technologies. This is based upon the acetylation of solid wood and wood elements.

Y/E Mar Revenue (€m) EBITDA (€m) PBT (€m) EPS (c) P/E (x) P/CF (x)
2017A 56.5 (1.5) (4.8) (5.83) N/A N/A
2018A 60.9 (3.5) (8.7) (6.72) N/A N/A
2019E 70.9 2.0 (6.0) (5.34) N/A 115.4
2020E 94.9 7.8 (4.0) (4.51) N/A 14.0

Last updated on 09/07/2018

Latest research

Accelerated growth

Initiation | General Industrials | 09/07/2018

Clear strategic progress

QuickView | General Industrials | 21/06/2018

Encouraging news

Flash note | Basic Industries | 28/05/2010

Initiatives continuing

Flash note | Basic Industries | 16/02/2010

Initiatives progressing

Update | Basic Industries | 19/11/2009

Look for contract wins

Outlook | Basic Industries | 23/10/2009


Accsys Technologies

Accsys Technologies: Versnelde groei


Investment summary

Building on Accsys's established international presence the current significant investment phase (€80m+ capex) should be the catalyst for accelerated business growth. We expect Accsys to move into a group EBITDA positive position from FY19 with the significant profit potential to be progressively delivered thereafter. Our DCF analysis suggests that the share price is solidly underpinned at current levels with upside from enhanced commercial development of proprietary technology.

Last updated on 09/07/2018

Key management

Paul Clegg, CEO
William Rudge, Executive Finance Director
Sarah Harding, Head of Corporate Marketing & Communications
Hans Pauli, Executive Director, Corporate Development

Company address

Brettenham House, 2-19 Lancaster Place
United Kingdom
+44 (0)20 742 14300
View website