Accesso Technology Group PLC (LON:ACSO) expects adjusted underlying earnings (adjusted EBITDA) to be “substantially ahead of expectations” when it reports its full-year results for 2017 in March.
The ticketing and queue management firm also expects revenues for the year just gone to be slightly ahead of previous forecasts.
READ: Accesso beefs up US presence with US$80mln acquisition
Accesso’s TE2 theme park software business – which it acquired for US$80mln last summer – has been the main driver of the outperformance.
The division – which uses heuristic analysis to model customer behaviour at the parks – performed “well ahead of its business plan”; generating greater-than-expected non-recurring revenues and operating at a lower cost.
READ: Accesso Technology looking forward to its traditionally busy second half
The rest of the business didn’t fare too badly, with Accesso reporting strong trading across the group as a whole.
AIM-quoted Accesso said it has also got off to a good start in the New Year, with “all Accesso business lines…demonstrating good momentum”.