Accesso Technology Group PLC Full Year Trading Update (8025F)
November 19 2020 - 1:00AM
UK Regulatory
TIDMACSO
RNS Number : 8025F
Accesso Technology Group PLC
19 November 2020
accesso(R) Technology Group plc
("accesso" or the "Company")
Full Year Trading Update
accesso Technology Group plc (AIM: ACSO) , the premier
technology solutions provider to leisure, entertainment and
cultural markets, today provides the following update on
trading:
As announced in its half year report on 16 September, accesso
delivered revenue for 1H 2020 of $24.6m, ahead of its revised
expectations. This performance is owing to an uptick in customer
venue reopenings following the first easing of Covid-19
restrictions across Europe and North America.
During 2H 2020, accesso has continued to benefit from increased
activity through late summer and early autumn at customer venues,
albeit with reduced capacity at many venues. This sustained level
of demand in key markets and continued customer engagement with the
range of accesso solutions now gives the Group reason to expect FY
2020 revenue will be comfortably ahead of its previous guidance of
not less than $48m.
The Group enters 2021 with a resilient financial position and
strong, durable customer relationships. This provides it with a
solid footing on which to work through the balance of risk and
opportunity 2021 presents. It is reasonable to expect that accesso
customers will continue to see restrictions placed on their
operations during the year ahead and the extent and impact of these
restrictions will differ across geographies as well as the various
segments accesso serves. At the same time, encouraging reports of
progress towards a potential Covid-19 vaccine do provide some
optimism that 2021 may bring the start of a sustained transition
toward a more predictable operating environment. The Group intends
to provide more detail on its outlook for 2021 at the time of its
Preliminary Results in March.
For more information please contact:
accesso Technology Group plc +44 (0)118 934 7400
Steve Brown, Chief Executive Officer
Fern MacDonald, Chief Financial Officer
FTI Consulting +44 (0) 203 727 1000
Matt Dixon, Adam Davidson, Chris Birt
Numis Securities Limited +44 (0)20 7260 1000
Simon Willis, Hugo Rubinstein, Mark Lander
About accesso Technology Group
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 understand 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.
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