Cost-of-living crisis drives Accrol’s first-half growth

Paper tissue specialist Accrol reported a “strong” first-half performance in a trading update on Monday, delivering “substantial growth” in volume, revenue and profit, as well as further strengthening its market position.

The AIM-traded firm reported a 64% improvement in revenue for the six months ended 31 October, to £121.1m, with volumes increasing 14%.

It said its market share by volume increased further to 21.5%, up from 19.5% at the end of the 2022 financial year, and compared to a “flat overall” UK market.

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.

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