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Accesso Technology raises full-year revenue guidance

The lifting of some lockdown restrictions has led to a pick-up in activity while reports of the imminent arrival of coronavirus vaccines suggest a return to a more stable operating environment is in sight

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Accesso Technology Group PLC (LON:ACSO), the ticketing and virtual queuing group, has said revenues for the whole of 2020 should be comfortably ahead of previous guidance.

The company had previously indicated that full-year revenues would be at least US$48mln.

The second half of the year has seen the company continue to benefit from increased activity through late summer and early autumn at customer venues, albeit with reduced capacity at many venues.

The group said in a full-year trading statement that it will enter 2021 with “a resilient financial position and strong, durable customer relationships”.

Management conceded, however, that it is reasonable to expect that accesso customers will continue to see restrictions placed on their operations during the year ahead and the extent and impact of these restrictions will differ across geographies as well as the various segments accesso serves.

At the same time, encouraging reports of progress towards a potential coronavirus (COVID-19) vaccine provide some optimism that 2021 may bring the start of a sustained transition toward a more predictable operating environment.

Quick facts: Accesso Technology Group PLC

Price: 560 GBX

LSE:ACSO
Market: LSE
Market Cap: £230.81 m
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