Strong Revenue Growth
Group revenues increased by 23% on a like-for-like basis compared to the prior year, with a 22% increase in total sales volumes.
North American Market Expansion
Accoya USA showed rapid volume growth with North American sales up 61%, demonstrating strong performance in the sizable market.
EBITDA Improvement
Adjusted EBITDA for the half year increased by 160% to EUR 10.4 million, close to the company's Phase 1 FOCUS strategy target.
Deleveraging Achievements
Net debt decreased by EUR 2.8 million, improving the leverage ratio from 2.5x to 2.1x, driven by improved operating cash flow.
New Product Launch
Accsys plans to launch a new finished decking product in the second half, marking the first time offering a finished product to the market.
Sustainability Commitments
Introduction of Accsys Cares sustainability plan with decarbonization commitments and targets, enhancing sustainability credentials.