Accesso Technology Group Regulatory News (ACSO)

18 May 2021

accesso® Technology Group plc

("accesso" or the "Group")

AGM Trading Statement

accesso Technology Group plc (AIM: ACSO), the premier technology solutions provider to leisure, entertainment and cultural markets, provides the following update on recent trading.

At 13:45 today, the Group will hold its Annual General Meeting (the "AGM" or the "Meeting") in a virtual format. Ahead of the meeting, the Group provides the following update on trading for the four months ended 30 April 2021.

Accesso has started the 2021 financial year with robust performance, driven primarily by high ecommerce volumes and strong queuing performance in its customers' open attractions. Both dynamics have been positively impacted by pent-up visitor demand and the accelerating trend towards online ticketing in the Group's end markets. For venues that have already re-opened, virtual queueing performance has been particularly strong, as high turnout has increased queue lengths and therefore demand for the Group's queuing solutions. Across the product set, the Group has also seen a notable increase in new customer demand as venues look to upgrade technology in light of their increasing ecommerce needs.

The Group's year-to-date performance gives confidence that it will comfortably exceed its stated revenue guidance of not less than $83m for the full year 2021. While the Group expects to deliver revenue beyond its initial expectations, the need to increase staffing levels, onboard customers and manage certain other costs associated with capturing this additional opportunity may temper the profit impact of this revenue outperformance.

Whilst cost management remains a key priority, management remains focused on capturing the range of new opportunities ahead of it and driving profitable revenue growth over the long-term. This long-term opportunity is underpinned by the global trends driving increased ecommerce adoption in the Group's end-markets.

Accesso continues to monitor the COVID-19 situation across its business and prioritise the health, safety and well-being of its people and customers. The positive start to the year gives confidence for the remainder of 2021 and management remains highly optimistic about the future for the business overall.

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About accesso Technology Group, plc

At accesso, we believe technology has the power to redefine the guest experience. Our patented and award-winning solutions drive increased revenue for attraction operators while improving the guest experience. Currently serving over 1,000 clients 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 stands as the leading technology provider of choice for tomorrow's attractions, venues and institutions. We invest 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 innovative technology solutions allow venues to increase the volume and range of on-site spending and to drive increased transaction-based revenue through cutting edge ticketing, point-of-sale, virtual queuing, distribution and experience management software.

Furthermore, COVID-19 has highlighted the benefits our technology is able to bring to venues from facilitating social distancing using our robust and sophisticated virtual queuing solutions; reservation systems delivered through our agile eCommerce platform to enable capacity management, taking queues away from front gates; and attraction eateries utilising our contactless food and beverage offerings.

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. Follow accesso on Twitter, LinkedIn and Facebook.