REG - Accsys Technologies - Trading Update

Accsys TechnologiesAnnouncement

24/09/2025 07:00

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RNS Number : 5214A  Accsys Technologies PLC  24 September 2025

AIM: AXS

Euronext Amsterdam: AXS

 

24 September 2025

 

Accsys Technologies PLC

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

 

Strong trading with positive sales momentum

 

Accsys, the world's leading supplier of premium, high performance and
sustainable wood building materials, today provides a trading update for the
five months ended 31 August 2025 ahead of its Annual General Meeting ("AGM")
which takes place at 14.00 hrs (BST) today at the offices of Panmure Liberum,
Ropemaker Place, 25 Ropemaker Street, London, EC2Y 9LY. All numbers in this
announcement are unaudited.

 

Revenue and sales volumes (m³) to 31(st) August 2025

 

                                          5M FY26        5M FY25          Change
 Revenue
 Group                                    €60.4m         €57.9m    +4%
 Aggregated (Group + 60% JV¹)             €71.6m         €58.7m    +22%²

 Sales Volumes (m³)
 Group                                    24,807         24,092³   +3%
 Joint Venture (JV)                       6,569          506
 Total (Group plus JV)⁴                   31,376         24,598    +28%

 

(1) Accsys has a 60% shareholding in Accoya USA, a joint venture (JV) with
Eastman Chemical Company. Whilst the JV is equity accounted for financial
reporting purposes, the aggregated revenue figure includes Group revenue plus
60% of the JV revenue

² At constant exchange rates, aggregated revenue growth would be +23%

³ Includes 3,726m(3) of sales to North America (NA), prior to NA sales being
transferred to the JV

⁴ Total Sales Volumes include all Group sales and 100% of sales from the JV

 

Current trading and outlook

 

Accsys is pleased to announce strong trading for the first five months of the
year, in line with the Board's expectations for the financial year ending 31
March 2026.

 

-     Growth in Group revenue of 4% year-on-year to €60.4m, reflecting
positive sales momentum. When excluding prior period sales transferred to
North America, on a like-for-like basis, revenues grew by 26% year-on-year.

 

-     Robust Accoya product demand, with total Accoya sales volumes for
the five months ended 31 August 2025 of 31,376m³, representing year-on-year
growth of 28% against a backdrop of continuing challenging macroeconomic
conditions. This year-on-year growth also reflects the benefit of a softer
prior year comparator in Q1 FY25.

 

-     Continuation of positive sales trajectory seen in FY25 with
significant growth in volumes across all regions: 12% growth in UK&I; 24%
growth in Rest of Europe; 36% growth in Rest of World, and 25% growth for
Accoya for Tricoya.

 

-     Accoya USA at inflection point - 55% year-on-year growth in North
America sales volumes demonstrating positive momentum in the Accoya USA joint
venture, driven by expanded distribution and accelerated sales following the
start-up in 2024.

o  Distribution capabilities were further strengthened by the addition of
three new North America distributors, extending and enhancing our reach:

§ Hardwoods Specialty Products US LP, strengthening distribution in high
demand Western states;

§ GMX Group, a wholesale distributor with a focus on the retail customer,
improving availability in high growth regions including Florida and Texas;

§ Klinai, the first Mexican Accoya distributor, which has an established
customer base in outdoor structural timber beams.

o  Ongoing progress to further expand Accoya distribution networks across
North America, with a strategic focus on high-growth markets in Florida,
Texas, and California.

o  Accoya USA continues to be shielded from the impact of US tariffs, with
exemptions currently in place for raw wood imports from New Zealand.

 

-     Strong customer demand for Accoya Color, our colour enhanced
product, supports an increase in production capacity in Barry, UK.

 

Dr Jelena Arsic van Os commented:

 

"We are very pleased to be reporting strong sales growth across all of our
major markets despite continuing challenging macroeconomic conditions. Accsys
continues to gain market share and has effectively replaced, in full, the
volume transferred from Arnhem to our joint venture. Our footprint in North
America is growing, with the addition of new distributors complementing our
existing sales channels. The positive momentum across all regions is
accelerating demand for our high-performance, differentiated products and
increasing utilisation of our facilities."

 

"As a Group, we are delivering. We continue to drive sales momentum and
sustainable profitable growth in line with the ambitions we set out for Phase
I of our FOCUS strategy."

 

Notice of interim results

 

The company will announce its interim results on 25th November 2025.

 

Ends

Enquiries:

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

 

Panmure Liberum (London) - NOMAD and Broker

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

 

ABN Amro (Amsterdam) - Broker

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

 

Media:

 

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.

 

 

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