Trading Update

RNS Number : 8595C

Accesso Technology Group PLC

25 January 2018

 

25 January 2018

accesso® Technology Group plc

("accesso" or the "Group")

Trading Update

- Adjusted EBITDA performance for FY 2017 substantially ahead of expectations -

- Strong contribution from recently acquired TE2 -

The Board of accesso Technology Group plc (AIM: ACSO), the premier technology solutions provider to leisure, entertainment, hospitality and cultural markets, is pleased to provide the following update on trading for the financial year ended 31 December 2017.

The Group expects to report a revenue performance for the year that is slightly ahead of expectations and an Adjusted EBITDA performance that is substantially ahead of expectations. Trading has generally been strong across the group with TE2 performing well ahead of its business plan, generating greater than expected levels of non-recurring services revenue and operating with lower costs than anticipated. The Group expects to report a net-debt position of less than $6 million.

The Board is also pleased to report a successful start to 2018 where all accesso business lines are demonstrating good momentum.

accesso will announce its full year results on Wednesday, 21 March 2018.

This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation.

For further information, please contact: accesso Technology Group plc	[phone]
Tom Burnet, Executive Chairman Steve Brown, Chief Executive Officer
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 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 1,000 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, Mammoth Mountain, Washington State Fair, Palace Entertainment, National Aquarium and Peak Resorts, 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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