REG - Accsys Technologies - Trading Update

Accsys TechnologiesAnnouncement

21/04/2026 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260421:nRSU2022Ba&default-theme=true

RNS Number : 2022B  Accsys Technologies PLC  21 April 2026

AIM: AXS

Euronext Amsterdam: AXS

 

21 April 2026

 

Accsys Technologies PLC

("Accsys", the "Group" or the "Company")

 

Trading Update

 

Record Accoya sales volumes with significant strategic progress

 

Accsys, the world's leading supplier of premium, high performance and
sustainable wood building materials, today provides an update on its
performance for the year ended 31 March 2026 ("FY26"). All numbers in this
announcement are unaudited.

 

Accsys is pleased to announce a strong performance for FY26 and expects
full-year results to be in line with market consensus¹, reflecting continued
significant progress in delivering on Phase 1 of its FOCUS strategy
(https://www.accsysplc.com/strategy/) .

 

Full year performance:

                                                       FY26                FY25                                                            Like-for-like

                                                       Unaudited           Actual                 Change                                   change²

                                                                                              
 Revenue
 Group                                                 €153m               €137m             +12%                                          +20%
 Aggregated (Group plus Joint Venture)³                €183m               €147m            +24%⁴

 Sales Volumes m³
 Group                                                 60,384m(3)          57,104m(3)       +6%                                            +13%
 Joint Venture (JV)                                    16,853m(3)          6,760m(3)        +149%                                           +60%
 Total (Group plus JV)⁵                                77,237m(3)          63,864m(3)       +21% 

 

 

·      Record total global sales volumes of 77,237m(3)⁵ demonstrate
continued strong demand for Accoya amidst challenging macroeconomic
conditions:

o  Group sales volumes up 13% on a like-for-like basis⁵ with robust growth
in all markets: 60% North America, 12% UK&I, 23% Rest of Europe and 9%
Rest of World

o  9% growth in Accoya for Tricoya

 

·      Group revenues increased by 20% on a like-for-like basis driven
by solid trading performance across all regions, continued pricing discipline
and favourable sales mix reflecting robust demand for Accoya Color, supported
by the H1 production capacity increase at Barry, UK

 

·      The Company expects FY26 adjusted EBITDA⁶ to be in line with
market consensus

 

·      Excellent performance in North America:

o  Significant sales volume growth of 60% in North America following the
first full financial year of trading for Accoya USA, demonstrating the
sizeable market opportunity. This growth captures the brand strength, pricing
power and innovative technology of our products and effective commercial and
operational execution

o  Management has successfully mitigated the impact of tariffs on imported
lumber into the USA, introduced in October 2025, and is continuing to monitor
the situation

 

·      Continued focus on capital allocation towards deleveraging with
reduction in leverage ratio and net debt to €41.4m at 31 March 2026
(€42.6m, 31 March 2025)

Dr Jelena Arsic van Os commented:

"I am proud of Accsys' impressive performance in FY26, reflecting disciplined
execution of our FOCUS strategy, with record Accoya volumes driving strong
revenue growth, continued market share gains and significantly improved
profitability. Our differentiated offering is resonating with customers, and
the progress of our Accoya USA joint venture reinforces the strength of our
strategic positioning in North America.

While remaining mindful of current geopolitical events, we are delivering
against our priorities, strengthening the business, enhancing resilience, and
building a scalable platform for sustainable long-term growth."

The Group's financial results for the year ended 31 March 2026 will be
announced on the 16 June 2026.

Notes:

1) Accsys considers market consensus FY26 Adjusted EBITDA to be €21.0
million as at 31 March 2026.

2) The comparative period, FY25, included 3,802m³ of Group sales to North
America. Since the start-up of Accoya USA in September 2024 all North American
sales are served by the JV. The like-for-like change in sales volumes and
revenues excludes the effect of these sales from the FY25 Group comparators
whilst including them within the FY25 JV sales volumes comparator.

3) Accsys has a 60% shareholding in Accoya USA, a joint venture (JV) with
Eastman Chemical Company which commenced operations during H1 FY25. Whilst the
JV is equity accounted for financial reporting purposes, the aggregated
revenue figure includes 60% of the JV revenue.

4) At constant exchange rates, aggregated revenue growth would be +25%

5)Total Sales Volumes include all Group sales and 100% of sales from the JV

6) Adjusted EBITDA being earnings before interest, tax, depreciation,
amortisation and exceptional items of Accsys plus 60% of the JV's EBITDA.

 

 

Ends

Enquiries:

Accsys Investor
Relations
       ir@accsysplc.com (mailto:ir@accsysplc.com)

 

Panmure Liberum (London) - Nomad and Broker

Nicholas How (NOMAD), Will King
 
      +44 (0) 20 3100 2000

 

ABN Amro (Amsterdam) - Broker

Richard van Etten, Dennis van Helmond
 
 +31 (0) 20 344 2000

 

Camarco (UK)
 
 accsys@camarco.co.uk (mailto:accsys@camarco.co.uk)

Ginny Pulbrook, Tom Huddart, Tilly Butcher
 
  +44 (0)20 3757
4980
 

Huijskens Sassen Communications (NL)

Clemens Sassen, Tessa
Nelissen
      +31 (0) 20 68 55 955

Notes to editors:

 

Accsys (Accsys Technologies PLC) is disrupting the building materials industry
with its high-performance wood products and proprietary technology. Driven by
its purpose of "changing wood to change the world", Accsys takes fast-growing,
certified sustainable wood and turns it into long lasting, eco-friendly
building materials - backed by warranties of up to 50 years. Operating in the
rapidly growing global wood construction market, Accsys has an established
manufacturing footprint in Europe and North America with active product
distribution in more than 25 countries. Accsys is listed on the London Stock
Exchange AIM market and on Euronext Amsterdam, under the symbols 'AXS'.

Accsys is a Participant of the United Nations Global Compact and adheres to
its principles-based approach to responsible business.

Visit www.accsysplc.com (http://www.accsysplc.com/)

 

Accoya(®) is the global leader for high-performance wood. Created through a
proprietary acetylation process developed by Accsys, Accoya delivers superior
durability and stability, backed by an industry-leading warranty of up to 50
years. It holds Cradle to Cradle Certified(®) Gold (Full Scope - V3.1)
status for its circular economy benefits. Combining the natural beauty of wood
with exceptional performance, Accoya is the preferred choice for windows,
doors, cladding, and decking - outperforming hardwoods and manmade materials
in durability, stability, and sustainability.

Tricoya(®) acetylated wood chips redefine panel products, creating
next-generation panels that thrive outdoors and in wet environments.
Recognised as the biggest leap in wood composites in over 30 years, Tricoya
panels combine the strength and versatility of traditional products with
unmatched durability and eco-friendliness - backed by a warranty of up to 50
years - expanding design and construction possibilities like never before.

To find out more visit: www.accoya.com (http://www.accoya.com)

Any references in this announcement to agreements with Accsys shall mean
agreements with either Accsys or its subsidiary entities unless otherwise
specified. 'Accsys' and 'Accsys Technologies' are trading names of Titan Wood
Limited ("TWL"), a wholly-owned subsidiary of Accsys Technologies PLC.
Accoya(®), Tricoya(®) and the Trimarque Device are registered trademarks
owned by TWL, and may not be used or reproduced without written permission
from TWL, or in the case of the Tricoya(®) registered brand trademark, from
Tricoya Technologies Limited, a subsidiary of TWL with exclusive rights to
exploit the Tricoya(®) brand.

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  TSTFLFLDSTIIFIR



            Copyright 2019 Regulatory News Service, all rights reserved