Accsys Shares Slump 11% on Profit Forecast Cut and Destocking

Key Facts

1Accsys shares fell 11% to 63.60p following a trading update that revealed distributor destocking.

2Panmure Liberum cut profit forecasts for the company but maintained a 'buy' rating and a 100p price target.

Amid shifting dynamics in the specialized construction materials sector, Accsys Technologies shares faced significant pressure following a cautious trading update. According to reports, the stock tumbled 11% to 63.60p after the company revealed distributor destocking trends that impacted volumes. The update highlighted a 10.6% decline in sales volumes, excluding joint ventures, during the five-month period ending in August.

In response to the update, Panmure Liberum revised its financial outlook for the company, cutting group revenue estimates to €153.9 million and pre-tax profit forecasts to €2.4 million. Despite the downward revision, the firm maintained its 'buy' rating and a price target of 100p. Management noted that EBITDA, excluding joint venture contributions, remains broadly in line with expectations for the fiscal year ending March 2027.

As of the reporting date on September 21, 2026, authoritative closing prices are unavailable in the current data snapshot, necessitating a focus on qualitative price direction. Investors will be watching for signs of recovery in North American growth as a potential catalyst. The upcoming economic calendar shows no direct corporate events for Accsys, leaving the market to focus on the impact of the revised profit guidance.