Strong half year for Accrol, as strategic review maps out future progress

Blackburn-based Accrol reported a strong first half this morning, as revenues rose and pre-tax profits shrank.

The AIM-listed tissue and toilet roll maker also published the outcome of its strategic review, which defines the Group’s medium-term ambitions.

In the six months to October 31, 2022, the group achieved sales of £121.1m, up from £73.7m the previous year. A pre-tax loss of £900,000 was an improvement on last year’s £3.5m pre-tax loss.

During the reporting period Accrol’s market share by volume increased further to 21.5%, from 19.5%, compared with 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. 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.

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