Full Year 2026 Accsys Technologies PLC Earnings Call Transcript
Key Points
- Accsys Technologies PLC (ACSYF) reported a 21% increase in global Accoya sales volumes, with strong performance in North America.
- The company achieved a 20% increase in group revenue on a like-for-like basis, reflecting resilient demand and pricing discipline.
- Adjusted EBITDA increased by 96% to EUR21.2 million, with an improved margin of 11.6%, nearing the Phase 1 target of 12%.
- The joint venture in North America achieved EBITDA profitability and a 60% increase in sales volumes, highlighting the strategic importance of local manufacturing.
- Accsys Technologies PLC (ACSYF) completed refinancing on improved terms, enhancing financial flexibility and reducing the leverage ratio to below 2 times.
- The company faces challenges from tariffs in the US, which have added pressure to the business environment.
- There is uncertainty in the macroeconomic environment, including inflationary pressures from geopolitical conflicts.
- The company experienced an increase in net working capital due to higher inventory levels, impacting cash flow.
- Despite strong growth, the company still faces competition and the need to educate new distributors on the technical aspects of Accoya products.
- The rest of the world market, including the Middle East and Asia Pacific, showed slower growth compared to other regions.
Welcome everyone to Accsys Technologies PLC Preliminary Results Presentation for year ended 31st of March 2026. Today's speakers are Dr. Jelena Arsic van Os, Chief Executive Officer of Accsys Technologies, and Sameet Vohra, the company's Chief Financial Officer. Jelena and Sam will take you through an overview of the business and financial performance for the year before we open the floor for questions.
Please note that we will be prioritizing questions from analysts. We will be showing some video during the presentation. You have the option to click on the enlarge button to make the video larger. With this, I would like to pass over to our speakers.
Good morning, everyone, and thank you for joining us. Before we begin, I would like to draw your attention to this image. It shows soon to open Google headquarters in London, featuring an Accoya facade. This is one of our largest projects to date, and we are incredibly proud to have been specified for such a landmark development.
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