Trading Update
Summary by AI BETAClose X
Euronext Amsterdam: AXS
21 September 2026
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
Accsys Technologies PLC
(“Accsys”, the “Group” or the “Company”)
Trading update for the five months to 31 August 2026
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 2026. All numbers in this announcement are unaudited.
Revenue and sales volumes to 31st August 2026
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5M FY27 |
5M FY26 |
Change |
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Revenue |
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Group |
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€56.9m |
€60.4m |
(6%) |
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Aggregated (Group + 60% JV¹) |
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€67.5m |
€71.6m |
(6%) |
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Sales Volumes (m³) |
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Group |
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22,186 |
24,807 |
(11%) |
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Joint Venture (JV) |
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6,767 |
6,569 |
+3% |
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Total (Group plus JV)² |
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28,953 |
31,376 |
(8%) |
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 Total Sales Volumes include Group sales volumes and 100% of sales volumes of the JV
Trading update
The Group made significant strategic progress in FY26 and started FY27 with an expanded market share, product offering and distributor network.
Driven by challenging macroeconomic conditions and the impact of the Middle East conflict, trading in the first five months of FY27 has started slower than expected as a result of inflationary pressures and interest rate increases, which have caused more cautious purchasing patterns, delayed project activity and has impacted consumer confidence. In particular, this led to significant distributor destocking across all of our regions during the period, with North America being most affected. We believe that the period of destocking is over and customer inventory is now stabilising.
The sales trend has been improving over the five month period as the level of destocking has decreased. We are seeing stronger trading activity in September and expect H1 year-on-year performance to be better than the five month period comparison, albeit still slightly lower overall in revenue and volumes than the prior year.
Outlook
Management has taken decisive actions to mitigate the macroeconomic headwinds, including price increases and proactive cost control to protect profitability. Whilst we expect the challenging macroeconomic conditions to continue, the Group expects to see sales growth in H2 with a commercial focus on new sub-distributor programmes, closer collaboration with OEMs and further regional expansion. Given the specific destocking challenges in H1 and our trading seasonality, we anticipate a stronger second-half weighting to Group revenue and profit.
In the US, our key distributors are reporting continued positive underlying demand for Accoya, with sales out at higher levels than purchases over the period. Historically high distributor stock holding levels pre-Kingsport start up, improved availability as US production has ramped up, and the effect of the Middle East conflict has resulted in significant distributor destocking and shorter term purchasing decisions. Accordingly, we anticipate growth in North America for the full year to be at single digit levels.
The Board expects full year underlying EBITDA (excluding the JV) to be broadly in line with market expectations*, on lower revenues, demonstrating margin improvement. Factoring in the lower growth in the US, the Board expects full year adjusted EBITDA to be ahead of the prior year and in the range of €21m to €23m*.
The Group remains focused on innovation, market share gains, increasing capacity utilisation, disciplined cost management and driving further sustainable improvements in profitability. Given the consistent strategic progress made since the launch of the FOCUS strategy in January 2025, the Group remains on track to deliver on the Phase 1 targets for FY27.
Notice of interim results
The Company will announce its interim results on 24 November 2026.
* At 18 September 2026, Accsys considered market consensus for FY27 underlying EBITDA to be €24.5m and adjusted EBITDA to be €28.8m
Ends
Enquiries:
Accsys Investor Relations 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
Media:
Camarco (UK) 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
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Inside Information: This announcement contains inside information for the purposes of both i) the Market Abuse Regulation (Regulation (EU) No. 596/2014) as it forms part of domestic law in the United Kingdom by virtue of the European Union (Withdrawal) Act 2018, and ii) the Market Abuse Regulation (Regulation (EU) No. 596/2014). The person responsible for making this announcement is Sameet Vohra, Chief Financial Officer, Accsys Technologies PLC.
Notes to editors:
Accsys (Accsys Technologies PLC) is the global leader in premium woods solutions. Driven by its purpose of “changing wood to change the world”, Accsys takes fast-growing, certified sustainable wood and transforms 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
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
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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