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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Accsys Technologies
Accsys Technologies (AXS) investor relations material
Accsys Technologies Trading update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Trading update summary21 Sep, 2026
Financial performance and trading environment
Group revenue for the five months to 31 August 2026 was €56.9m, down 6% year-on-year, with aggregated revenue (including JV) at €67.5m, also down 6%.
Total sales volumes (Group plus JV) declined 8% to 28,953 m³, with Group volumes down 11% and JV volumes up 3%.
Challenging macroeconomic conditions, inflation, interest rate increases, and Middle East conflict led to cautious purchasing and significant distributor destocking, especially in North America.
Sales trends improved over the period as destocking eased, with stronger trading activity noted in September.
Strategic actions and outlook
Management implemented price increases and proactive cost controls to protect profitability.
Sales growth is expected in H2, with a focus on new sub-distributor programs, OEM collaboration, and regional expansion.
Full-year underlying EBITDA (excluding JV) is expected to be broadly in line with market expectations, despite lower revenues.
Full-year adjusted EBITDA is forecasted to be ahead of the prior year, in the range of €21m to €23m.
The Group remains on track to deliver Phase 1 targets for FY27, emphasizing innovation, market share gains, and disciplined cost management.
Regional performance and market dynamics
North America experienced the most significant destocking, but distributor inventory is now stabilizing.
Key US distributors report positive underlying demand, with sales outpacing purchases.
Growth in North America for the full year is anticipated to be at single-digit levels.
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Latest events from Accsys Technologies
- Adjusted EBITDA up 96%, record sales and revenue, and leverage ratio reduced to 1.96x.AXS
H2 2026 - Record sales and 20% revenue growth driven by strong North America performance.AXSTrading update
- 22% sales growth, 160% EBITDA rise, and strong North American momentum drive robust H1.AXSH1 2026
- Adjusted EBITDA up 125% and sales volumes up 13%, driven by US expansion and efficiency gains.AXSH2 2025
- Double-digit sales growth, margin gains, and US JV ramp-up drive upgraded outlook.AXSH1 2025
- Kingsport plant launch and Q1 growth signal Accsys's strong momentum and expansion.AXSTrading Update
- Kingsport completion doubles capacity as cost savings and equity raise drive FY25 growth.AXSH2 2024
- FY25 revenue and sales volumes rose strongly as Accsys advanced its FOCUS strategy.AXSTrading Update
- Phased strategy targets rapid volume growth, margin expansion, and sustainable innovation.AXSCMD 2025
Next Accsys Technologies earnings date
H1 202724 Nov, 2026
Accsys Technologies
Next Accsys Technologies earnings date
H1 202724 Nov, 2026
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Frequently asked questions
Accsys Technologies PLC is a company in the wood products industry, enhancing the natural properties of wood to create high performance, sustainable building materials. The company's main products include Accoya® and Tricoya®, which are solid acetylated wood used in a variety of applications such as windows, doors, shutters, decking, and cladding. These products are known for their durability, stability, and sustainability, making them competitive alternatives to traditional building materials. The company is headquartered in London, United Kingdom, and its shares are listed on the London Stock Exchange.