TIDMACSO
RNS Number : 6211Z
Accesso Technology Group PLC
21 May 2019
21 May 2019
accesso(R) 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.
Trading Statement
At 10:00am today, the Group will hold its Annual General Meeting
(the "AGM" or the "Meeting") at Unit 5, The Pavilions, Ruscombe
Park, Twyford, Berkshire, RG10 9NN. At that time, the Chief
Executive Officer of accesso will provide the following update on
trading for the four months ended 30 April 2019:
"The Board is pleased to report a positive start to trading in
the 2019 financial year, with the Board maintaining its existing
guidance for the current financial year. So far, the Group has
continued to see strong demand for our core solutions, both as
individual products and increasingly for multiple applications at
individual sites. We continue to see positive adoption of combined
Accesso Passport and Accesso Siriusware deployments, which are now
operating in tandem for existing customers at 13 locations
worldwide, with several additional deployments expected between now
and the end of 2019. The recent announcement of the upcoming
implementation of Accesso Siriusware and Accesso Passport at the
National WWII Museum, New Orleans is typical of this trend.
Furthermore, we are pleased to note that the successful TE2 and
Accesso Passport integration, at Cedar Fair's Knotts Berry Farm
theme park is now being rolled out across the 10 remaining Cedar
Fair locations.
At the Group's 2018 preliminary results, the Board introduced
additional segmental disclosures to provide greater transparency
and granularity of the Group's performance. We are pleased to
report that in our Guest Experience segment, trading has begun
well, notwithstanding the fact that the majority of revenue in this
segment is generated in the second half of the year. While in
Ticketing and Distribution, we saw stronger than expected trading
in Ticketing, offset by the slower than anticipated rollout of
Distribution activities in North America, leading to the segment as
a whole trading in line with Board expectations.
In order to address the increased demand from customers for
joint implementations of multiple Accesso solutions, and to
accelerate future growth, the Group is making significant
investment into product integration. While in the early stages of
our accelerated integration programme, the Board is pleased to note
that progress is in line with our expectations. Through evolving
and broadening our range of solutions the Board remains confident
that the Group will be able to accelerate and unlock additional
cross-sell and up-sell potential within our installed base and
develop more efficient development, support and service delivery to
our customers.
While the majority of the trading year still remains ahead of
us, the Board is encouraged by the trading seen at this stage of
the year and remains confident in the Group's outlook, maintaining
Board expectations for the year ahead."
For further information, please contact:
accesso Technology Group plc +44 (0)118 934 7400
Paul Noland, Chief Executive Officer
John Alder, Chief Financial Officer
Bill Russell, Non-Executive Chairman
Simon Chisholm, Investor Relations
FTI Consulting, LLP +44 (0)20 3727 1000
Matt Dixon, Adam Davidson
Canaccord Genuity Limited +44 (0)20 7523 8000
Simon Bridges, Richard Andrews
Numis Securities Limited +44 (0)20 7260 1000
Simon Willis, Mark Lander
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
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 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. Follow accesso on Twitter, LinkedIn and
Facebook.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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