AGM Trading Statement

RNS Number : 8991F

Accesso Technology Group PLC

23 May 2017

 

23 May 2017                                                   

accesso® 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 Executive Chairman of the Meeting will provide the following update on trading for the four months ended 30 April 2017:

"I am happy to report that the first part of the 2017 financial year has started strongly, with all parts of the business generating good momentum. A number of important wins in the period reflect both the ongoing demand for our core products and our expanding global reach. As previously announced, during the period accesso ShoWare^sm has won a number of new contracts, while the CNN Studio Tour in Atlanta has become a new customer for accesso Passport®. The NFL Experience, in New York's Times Square, has also selected the full accesso Passport suite, including mobile point-of-sale, to serve its customers when it opens later in the year. We have also completed our first accesso LoQueue^sm installation featuring our accesso Prism^sm technology and expect the system to go-live imminently. 

We are also pleased to announce a significant new contract for accesso Siriusware^sm with the operator Experiencias Xcaret, which has a network of seven popular experiences, parks, and attractions in Mexico. When implementation is complete, accesso Siriusware will operate on more than 400 workstations across the destinations, providing a range of software modules including retail, food and beverage, access control, rentals, reservations and gift cards. Experiencias Xcaret will also use accesso Siriusware to coordinate and schedule transportation between its various sites. This win represents another important example of expansion for accesso Siriusware beyond its traditional ski markets, showcasing its broad appeal and ability to overcome universal guest-management challenges for customers.

Beyond these new business wins, the global rollout of accesso Passport across Merlin Entertainments continues according to plan. The start of 2017 has, amongst others, seen go-lives at Merlin's London Cluster, Alton Towers, and at the new LEGOLAND® Japan Theme Park.

Lastly, the Board is delighted with the early progress made following our acquisition of Ingresso, announced on the 30^th March 2017. The combination has been well received by customers and partners of both parties, and integration is progressing according to plan. 

It is still early in the season and, as is normal, less than 20% of the year has been traded to date. Nevertheless, the strong start gives the Board confidence in the Group's outlook, with expectations for the year remaining unchanged.

For further information, please contact:

accesso Technology Group plc	[phone]
Tom Burnet, Executive Chairman
John Alder, Chief Financial Officer
FTI Consulting, LLP	[phone]
Matt Dixon, Adam Davidson
Canaccord Genuity Limited	[phone]
Simon Bridges, Martin Davison
Numis Securities Limited	[phone]
Simon Willis, Mark Lander

About accesso Technology Group

accesso (AIM: ACSO) is the premier technology solutions provider to leisure, entertainment and cultural markets. Our patented and award-winning technology solutions drive increased revenue for attraction operators while improving the guest experience.

Our solutions add value to operators at every point of the guest experience with our technology facilitating the key points of contact with their many millions of guests.

We drive attendance

The accesso Passport^® and accesso ShoWare^SM ticketing suites are comprehensive, easy-to-use cloud solutions that process tens of millions of tickets every year for assigned seat and general admission venues, enabling operators to maximize up-sell and cross-sell with ease to drive greater revenue.

We handle payments

Our payment gateway carries level 1 PCI security certification and 24/7 support.  It provides the tools, security and support operators need to drive sales and has so far processed more than $5 billion in transactions.

We take guests out of line

Since 2001 more than 11 million guests have used a patented accesso LoQueue^SM solution to queue less, ride more, enjoy a better experience and increase in-attraction spend.

We simplify point-of-sale

Our accesso Siriusware^SM point-of-sale solution offers software modules that combine ticketing, membership, retail, food/beverage transactions, rentals, credit card processing and many other functions into a single system eliminating the need for separate systems and databases.

More than 1000 attractions and venues worldwide currently employ accesso technology - from theme parks, water parks, cultural attractions, live performance venues and sporting events to ski and snow parks.  We are proud that the majority of the leading names in the leisure industry including Six Flags Entertainment, Cedar Fair Entertainment, Merlin Entertainments, International Speedway Corporation, Palace Entertainment, Compagnie des Alpes and Herschend Family Entertainment, trust our solutions.

accesso is a public company, listed on AIM: a market operated by the London Stock Exchange. For more information visit: www.accesso.com 

 

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