Accsys Technologies (AXS) Trading Update summary

Accoya USA commercial operations

• Accoya USA plant in Kingsport, Tennessee is now commercially operational, marking a major milestone in international expansion.

• The facility is a 60:40 joint venture between Accsys and Eastman Chemical Company.

• The goal is to deliver 100,000m³ of product within three years from Arnhem and Kingsport facilities.

Q1 trading and financial performance

• Q1 FY2025 revenues reached €35.9m, a 3% increase year-on-year despite global construction market headwinds.

• North America remains the largest growth area, with solid demand for Accoya products.

• UK, France, and Benelux markets also showed good performance.

• Accoya Color saw double-digit year-on-year global demand growth.

• €3.0m annualized cost savings realized from business transformation, supporting cashflow and pricing discipline.

Outlook and order book

• Q2 has started well, with a healthy order book across all regions.

• Management expresses confidence in returning to a growth trajectory.