Accsys Technologies' shares fell 11% following a trading update revealing distributor destocking and a 10.6% volume decline. Panmure Liberum cut profit forecasts, lowering pre-tax profit to €2.4 million from €7.7 million and revenue estimates to €153.9 million from €180.4 million, though it maintained a 'buy' rating with a 100p target. Despite these cuts, management expects EBITDA excluding the joint venture to remain broadly on target, with destocking easing and underlying demand stable. Slower growth in North America delayed joint venture profitability, now forecasted at just $0.1 million for the year, down from $9.2 million previously.
Accsys Technologies shares dropped 11% following a profit forecast cut by Panmure Liberum. For readers following the Basic Materials sector, here is Pluang's market snapshot as of Sep 21, 2026 17:43 WIB: out of 34 priced US stocks, 16 rose and 15 fell. Key movers include DOW at USD 28.43 with a -1.03% change, LYB at USD 61.31 down 0.97%, and CF at USD 126.59 down 0.87%.
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