Accsys Technologies (GB:AXS) has released an update.
Accsys Technologies PLC reports a challenging FY24 with a revenue decline to €136.2m and a gross profit drop to €40.9m, attributed to lower sales volumes and a tough macroeconomic climate. Despite these challenges, the company achieved a resilient Q4 and made strategic progress, including the nearing completion of the Accoya USA plant, which is expected to increase production capacity. The company remains focused on operational excellence and is poised for a transformative FY25 with expansion in North America and aims to deliver substantial production growth by the end of FY2027.
For further insights into GB:AXS stock, check out TipRanks’ Stock Analysis page.
