REG - Accesso Technology - Trading Statement

accesso TechnologyAnnouncement

31/01/2023 07:01

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RNS Number : 3048O  Accesso Technology Group PLC  31 January 2023

31 January 2023

 

accesso ® Technology Group plc

 

("accesso" or the "Group")

 

 

accesso Technology Group plc (AIM: ACSO), the premier technology solutions
provider for attractions and venues worldwide, today provides the following
update ahead of its full year results announcement.

 

The Group's momentum has continued since the strong trading performance
announced in November. Now with the full year in view, the Group expects to
deliver record revenue for 2022 of not less than $139m - ahead of its initial
full year expectations. The Group also continues to anticipate a strong
operating performance with a Cash EBITDA margin of no less than 17%,
consistent with the margin expectations set out at the November trading
update. As a result, the Group's cash position at the end of the year was
approximately $64m, with an undrawn facility of £18m.

 

The Group's expected full year performance underscores the increased demand
for its range of innovative and highly differentiated technology, along with
continued commitment to revenue growth and operational excellence. The Group
will expand on its view of its 2023 outlook at the time of its results in
March.

 

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

 Fern MacDonald, Chief Financial Officer

 Numis Securities Limited (Nominated Adviser and Sole Broker)       +44 (0)20 7260 1000

 Simon Willis, Hugo Rubinstein

 FTI Consulting, LLP                                                +44 (0)20 3727 1000

 Matt Dixon, Adam Davidson, Jamille Smith, Tom Blundell

 

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 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
(http://www.accesso.com/) . Follow accesso on Twitter
(https://twitter.com/accessotech) , LinkedIn
(https://www.linkedin.com/company/accesso/)  and Facebook
(https://www.facebook.com/accessoTechnologyGroup/) .

 

 

 

 

 

 

 

 

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