Accesso Technology Group PLC Trading Statement (3048O)
January 31 2023 - 1:00AM
UK Regulatory
TIDMACSO
RNS Number : 3048O
Accesso Technology Group PLC
31 January 2023
31 January 2023
accesso (R) 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 GBP18m.
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
Steve Brown, Chief Executive Officer
Fern MacDonald, Chief Financial Officer +44 (0)118 934 7400
Numis Securities Limited (Nominated Adviser
and Sole Broker)
Simon Willis, Hugo Rubinstein +44 (0)20 7260 1000
FTI Consulting, LLP
Matt Dixon, Adam Davidson, Jamille Smith,
Tom Blundell +44 (0)20 3727 1000
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 . Follow accesso on Twitter , LinkedIn and Facebook
.
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END
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