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28 Jan 2025 07:00
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:
accesso Technology Group plc | +44 (0)118 934 7400 |
Steve Brown, Chief Executive Officer | |
Matthew Boyle, Chief Financial Officer
| |
Deutsche Numis (Nominated Adviser and Sole Broker) | +44 (0)20 7260 1000 |
Simon Willis, Joshua Hughes, Iqra Amin
| |
DGA Group | +44 (0)20 7550 9225 |
Adam Davidson, Corbin Ellington |
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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