Accsys Technologies’ revenue rises
21 August 2014Accoya modified wood manufacturer Accsys Technologies plc has reported a 29% increase in revenue in Q2.
The company says revenue increased to €10.1m in the quarter to the end of June, compared with €7.9m for the same period last year. Within this, revenue from sales of Accoya increased by 37% to €9.2m (2013: €6.7m) and sales to Accoya customers, excluding Medite, were up 33% to €8.2m.
Total Accoya production volumes for the quarter increased by 46% to 7,618m3 (2013: 5,224m3).
Sales to Medite, for the manufacture of Medite Tricoya, rose by 73% to €991,000 (2013: €573,000).
The company said demand for Accoya continued to increase and it expected sales would continue to grow over the remainder of the year.
