Share Prices & Company Research

Market News

10 Jun 2019 | 09:55

Accrol performs 'well' in Q4; expects to report improved earnings

Accrol said it had performed 'well' in its fiscal fourth quarter and expected to report improved annual earnings as the company completed its restructuring programme. For the full year ended 30 April 2019, the adjusted loss before tax was expected to be in the range of £2.5m to £3.0m and total revenues were expected to be flat at £119m on a like for like basis against the prior year. Adjusted earnings (EBITDA) was expected at about £1m, representing an about £7m improvement on the prior year despite the substantial impact of FX and material cost headwinds which increased by an estimated £10m, the company said. Sales in the group's core toilet roll product, however, increased by 12% year on year to about £85m from £76m last year. 'Following the conclusion of the restructuring, the Group performed well in Q4 and in line with the management's strategic turnaround objectives, achieving and maintaining acceptable levels of monthly profitability on an Adjusted EBITDA level,' the company said.

At 9:55am: (LON:ACRL) Accrol Group Hldgs Plc share price was 0p at 26p

Story provided by
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.