ACCESSO TECHNOLOGY GROUP PLC

Earnings Release • Nov 23, 2022

National Storage Mechanism | Additional information

RNS Number : 3732H

Accesso Technology Group PLC

23 November 2022

23 November 2022

accesso® Technology Group plc

("accesso" or the "Group")

Trading Update

accesso Technology Group plc (AIM: ACSO), the premier technology solutions provider to leisure, entertainment and cultural markets, today gives the following update on trading:

Following the announcement of its interim results on 13 September 2022, accesso has seen strong performance through October with fall and Halloween activities performing ahead of expectations. As a result, the Group now expects revenue for the full year 2022 to be no less than $138m. 

The Group's profitability has improved as the strong performance has been focused in its higher-margin products together with operational savings in the cost base. Due to these dynamics, the Group now expects its Cash EBITDA margin for the full year 2022 to exceed 17%.

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 Simon Willis, Hugo Rubinstein	+44 (0)20 7260 1000
FTI Consulting Matt Dixon, Adam Davidson, Jamille Smith	+44 (0) 203 727 1000

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 more than 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 stands as the leading technology provider of choice for tomorrow's attractions, venues and institutions. We invest 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 innovative technology solutions allow venues to increase the volume and range of on-site spending and to drive increased transaction-based revenue through cutting edge ticketing, point-of-sale, virtual queuing, distribution and experience management software.

Furthermore, COVID-19 has highlighted the benefits our technology is able to bring to venues from facilitating social distancing using our robust and sophisticated virtual queuing solutions; reservation systems delivered through our agile eCommerce platform to enable capacity management, taking queues away from front gates; and attraction eateries utilising our contactless food and beverage offerings.  

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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