Accsys Technologies Plc (LSE:AXS, AEX:AXS, OTC:ACSYF) CEO Dr Jelena Arsic van Os talked with Proactive about the company's strong trading update and strategic focus for sustainable growth.
Accsys Technologies PLC is positioning itself as a key enabler in the transition to sustainable building solutions. In this interview, CEO Dr Jelena Arsic van Os discusses how the company is scaling its operations, growing demand for its high-performance Accoya and Tricoya products, and how its patented acetylation technology is creating a competitive edge in the global construction materials sector.
The company expects full-year results to align with the previously upgraded market consensus, backed by strong product demand. Accoya sales volumes grew by 13% year-on-year, with a 16% increase in North America—one of its key strategic markets. "We are experiencing strong product demand against a challenging market backdrop," said Arsic van Os, highlighting the company’s progress.
She elaborates on the company’s three-phase strategy. The current phase, “transform and improve,” focuses on driving profitable growth, cost control, and debt reduction through FY27. Accsys is leveraging its unique global manufacturing footprint, more than 300 patents, and market-recognised brands to build strong fundamentals.
Addressing questions about US tariffs, she confirmed that exemptions are currently in place for both finished and raw materials, ensuring continued operations at its new US plant. Looking ahead, the company sees continued demand growth and is preparing for its next strategic phase, focusing on scaling operations and exploring global expansion from FY30 onwards.
Arsic van Os concluded, “We are enabling a global shift towards sustainable building,” underlining the company’s broader mission to lead transformation in the multi-billion euro construction materials industry.
Proactive: Before we discuss the strong trading update you put out this morning, could you tell us a little bit about Accsys Technologies?
Dr Jelena Arsic van Os: Absolutely. And many thanks, Stephen, for the opportunity to tell our investors more about Accsys Technologies PLC. Accsys is a technology company. We are listed at Euronext in Amsterdam and AIM London Stock Exchange. We exist to help the world build smarter and more sustainably. What we do is transform certified softwood into recognised Accoya and Tricoya products. They are the best-performing high-end wood products available in the world.
Accoya and Tricoya are used to make cladding, decking, windows, doors, outside furniture – you name it. The company is recognised as a disruptor in the building industry. We own patented acetylation technology that delivers unmatched durability and stability. Some flagship examples include the wooden façade of Google's headquarters in King’s Cross, London, and in Tokyo, as well as flagship stores of Starbucks and Microsoft.
Proactive: Jelena, can you give us an overview of the trading update announced this morning?
Dr Jelena Arsic van Os: We have announced a strong trading update and expect to deliver full-year results in line with the previously upgraded market consensus. We're seeing strong product demand despite a challenging market. There’s been double-digit growth across all regions – 13% year-on-year growth in Accoya sales volumes and 16% in North America, which is a key market for us. Our group EBITDA for FY25 is expected to be in line with consensus, which reflects significant improvement from the previous year.
Proactive: In January, you laid out your new strategic plan. Can you give us more information on how it's progressing?
Dr Jelena Arsic van Os: Yes. In January, we launched our focused strategy. We're currently in the first phase, called "transform and improve", which runs until the end of February 2027. We are focused on delivering sustainable, profitable growth from our existing assets, maintaining efficient cost structures, and reducing debt.
The company already has a strong foundation. We offer innovative products with a 50-year warranty, own more than 300 patents, and have a unique global manufacturing footprint. Now that we’ve passed peak investment, we’re in a strong position to deliver on our mission.
Proactive: Are you impacted by recent tariff changes in the US?
Dr Jelena Arsic van Os: Like everyone, we’re seeing volatility regarding US tariffs, but as of today, exemptions are in place for both our materials and raw inputs. This allows us to continue operations at our US plant and serve the local market. So far, we’re not impacted.
Proactive: What’s next for Accsys?
Dr Jelena Arsic van Os: We’ll announce our full-year results on 24 June 2025. In the short term, we’ll build on our strong fundamentals. Demand continues to grow into Q1. We also have exciting UK and US projects in the pipeline. We're delivering on promises and tracking towards profitability.
Looking ahead, we have a three-phase strategy. From FY28 to FY30, we will benefit from operational efficiencies and full utilisation of our two plants. From FY30 onward, we’ll pursue global expansion opportunities, supported by a strong balance sheet.
Finally, I want to emphasise that we’re enabling a global shift toward sustainable building. Our markets are large, our technology proven, and our plants are scaling. We’re well-positioned to lead transformation in the multi-billion euro construction materials industry.
Proactive: Jelena, I hope you'll keep us updated. Thank you for speaking with us today.