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Accesso Technology Group expect 'an elastic response' when the vaccine is deployed

Accesso Technology Group PLC's (LON:ACSO) Steve Brown talks to Proactive London about the rationale behind raising their guidance with revenues for the whole of 2020 comfortably ahead of previous guidance.

Brown says 'technology and the operations really go hand in hand as part of the reopening strategies' which is why numbers this year were ahead of expectations due to the level of 'embracing technology' such as booking online.

The company had previously indicated that full-year revenues would be at least US$48mln. Brown predicts the first half of 2021 to be similar to what they have already been dealing with, with some areas open and closed and some people feeling more confident that others about going out.

Later in the year, when a vaccine is deployed it will be a different story. He says it all hinges upon the vaccine introduction, given that May, June, July are crucial months for his revenues.

He believes once this happens the recovery could be 'rapid'.

Quick facts: Accesso Technology Group PLC

Price: 422.5 GBX

Market: LSE
Market Cap: £174.13 m

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