UK-based independent tissue converter Accrol Group has reported FY23 results “at least in line” with market expectations and FY24 margins improving in its latest trading update.
For the year to 30 April 2023, the company said it has continued to perform strongly, gaining further market share through its product range, broad retailer base, and new routes to market.
It added it has also mitigated inflationary pressures by implementing further process efficiencies and by working with its customers to pass-on the additional costs.
Accrol Group Holdings plc (LON:ACRL) is the UK’s leading independent tissue converter, producing toilet tissue, kitchen towel, facial tissue and biodegradable wet wipes. The UK soft tissue market is worth £1.6bn with private label products comprising circa 50%. Accrol is the leading supplier to the private label market, which is growing at over 8% year on year.