Accsys Technologies FY revenue rose 12% to €153m, with like-for-like revenue up 20%. The wood modification company benefits from tightening EU deforestation rules.
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Accsys Technologies PLC reported a 12% increase in group revenue to €153 million for the fiscal year ended March 31, 2025, compared with €137 million a year earlier. On a like-for-like basis, which adjusts for currency movements and the effect of divestitures, revenue rose 20%.
The company produces Accoya, a chemically modified wood that resists rot and weathering. The product competes with tropical hardwoods and plastic composites in construction, decking, and cladding markets.
Accsys operates two production plants: one in Arnhem, Netherlands, and a newer facility in Hull, England. The Hull plant is expected to double production capacity once fully operational.
Revenue growth of 20% on a like-for-like basis points to sustained demand for Accoya even as higher interest rates slow European housing starts. The EU's deforestation regulation, which requires importers to prove their timber products are not linked to forest destruction, has increased interest in modified wood alternatives.
The company did not disclose profit figures or provide forward guidance in the earnings release. Accsys shares trade on the London Stock Exchange under the ticker ACSYF.
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