Accsys Technologies (AXS) Trading update summary

Financial performance highlights

• Achieved record global sales volumes of 77,237m³, reflecting strong demand despite challenging macroeconomic conditions.

• Group revenues rose 20% on a like-for-like basis to €153m, with aggregated revenues (including JV) up 24% to €183m.

• Adjusted EBITDA for FY26 expected to be in line with market consensus of €21.0 million.

• Net debt reduced to €41.4m at 31 March 2026, supporting ongoing deleveraging efforts.

Regional and strategic developments

• North America sales volumes grew 60% following the first full year of Accoya USA operations, highlighting market opportunity.

• Effective mitigation of US lumber import tariffs introduced in October 2025.

• Robust growth in all markets: 60% North America, 12% UK & Ireland, 23% Rest of Europe, 9% Rest of World.

• 9% growth in Accoya for Tricoya applications.

Operational and product highlights

• Increased production capacity at Barry, UK, supported higher sales of Accoya Color.

• Continued pricing discipline and favorable sales mix contributed to revenue growth.

• Accoya and Tricoya products maintain industry-leading warranties and sustainability credentials.