28 January 2025
accesso® Technology Group
plc
("accesso" or the
"Group")
Trading
Update
Revenue in line with
guidance
Cash EBITDA expected to
exceed expectations at 15%
accesso Technology Group plc (AIM: ACSO),
the premier technology solutions provider for
leisure, entertainment and cultural markets, today provides the
following trading update ahead of its full year results
announcement in April.
For the full year, the Group expects
to deliver revenue in line with the range
it set in August 2024 at approximately $152m. Adjusting for the decision to step
away from $3.3m pass-through revenue from a virtual queuing
customer, the Group's revenue growth is approximately 4%.
With continued commitment to
operational efficiency, the Group is now delivering more profitable
growth. It expects to report a Cash EBITDA margin of approximately
15%, performing ahead of the revised 13% - 14%
expectations.
The Group's net cash position at 31
December 2024 was $28.7m.
The Group will provide its outlook
and guidance for 2025 at the time of its full results in April.
The
information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014 ("MAR"). Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
For
further information, please contact:
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accesso Technology Group plc
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+44 (0)118 934 7400
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Steve Brown, Chief Executive
Officer
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Matthew Boyle, Chief Financial
Officer
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Deutsche Numis (Nominated Adviser and Sole
Broker)
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+44 (0)20 7260 1000
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Simon Willis, Joshua Hughes, Iqra
Amin
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DGA
Group
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+44 (0)20 7550 9225
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Adam Davidson, Corbin
Ellington
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At accesso, we believe technology
has the power to redefine the guest experience. Our patented and
award-winning solutions drive increased revenue for attractions
operators while improving the guest experience. Currently serving
over 1,000 venues in 30 countries around the globe, accesso's
solutions help our clients streamline operations, generate
increased revenues, improve guest satisfaction, and harness the
power of data to educate business and marketing
decisions.
accesso invests heavily in research
and development because our industries demand it, our clients
benefit from it, and it makes a positive impact on the guest
experience.
Our commitment to improving the
guest experience and helping our clients increase revenue is the
core of our business. Our technology solutions allow venues to
increase the volume and range of on- and off-site spending, and to
drive increased transaction-based revenue through cutting-edge
ticketing, point-of-sale, virtual queuing, distribution and
experience management software.
Many of our team members come from
backgrounds working within the attractions and cultural industry.
In this way, we are experienced operators who run a technology
company serving attractions operators, versus a technology company
that happens to serve the market. Our staff understands the
day-to-day operations of managing complex venues and the challenges
this creates, and together we strive to provide our clients and
their guests with technology that empowers them to do more and
enjoy more. From our agile development team to our dedicated client
service specialists, every team member knows that their passion,
integrity, commitment, teamwork and innovation are what drive our
success.
accesso is a public company, listed
on AIM: a market operated by the London Stock Exchange. For more
information, visit www.accesso.com
.
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