Accsys flags record Accoya sales, strong revenue growth

(Sharecast News) - Accsys Technologies reported record Accoya sales volumes and double-digit revenue growth for 2026 on Tuesday, supported by strong demand across all regions and continued execution of its FOCUS strategy.

The AIM-traded company said group revenue for the year ended 31 March rose 12% to €153m from €137m, or 20% on a like-for-like basis, while aggregated revenue including its joint venture increased 24% to €183m.

Total sales volumes reached a record 77,237 cubic metres, up 21% year-on-year, reflecting robust demand despite challenging macroeconomic conditions.

Group sales volumes increased 6% to 60,384 cubic metres, or 13% on a like-for-like basis, with growth across all markets, including 60% in North America, 12% in the UK and Ireland, 23% in the rest of Europe and 9% in the rest of the world.

Volumes from the Accoya USA joint venture rose sharply to 16,853 cubic metres from 6,760 cubic metres, representing growth of 149%.

Accsys said revenue growth was driven by solid trading, pricing discipline and a favourable product mix, including strong demand for Accoya Color, supported by increased production capacity at its Barry, UK facility.

The group said it expected adjusted EBITDA for the 2026 financial year to be in line with market consensus of €21.0m.

It highlighted strong momentum in North America, with a 60% increase in sales volumes following the first full year of trading at Accoya USA, and said it had mitigated the impact of tariffs on imported lumber introduced in October.

Accsys also reported progress on deleveraging, with net debt reduced to €41.4m at 31 March from €42.6m a year earlier, as it continued to focus on capital allocation and balance sheet strength.

"I am proud of Accsys' impressive performance in the 2026 financial year, reflecting disciplined execution of our FOCUS strategy, with record Accoya volumes driving strong revenue growth, continued market share gains and significantly improved profitability," said chief executive Jelena Arsic van Os.

"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."

Accsys said it would report its full-year results on 16 June.

At 1446 BST, shares in Accsys Technologies were up 6.42% at 71.3p.

Reporting by Josh White for Sharecast.com.

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