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Accesso Technology (ACSO)

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Tuesday 22 May, 2018

Accesso Technology

AGM Trading Statement

RNS Number : 7956O
Accesso Technology Group PLC
22 May 2018
 

 

22 May 2018                                                   

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, hospitality, attractions 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 2018:

 

"I am pleased to report a strong start to the 2018 financial year. The business continues to perform well, and although much of the trading year remains ahead of us, the early signs are good. We continue to diversify our business and make strides into greenfield areas, most notably with the signing of a significant contract with Henry Ford Health System in March 2018. This agreement marks a bold new step for Accesso, and reflects our ability to radically improve the Digital Guest Journey irrespective of end-market or industry vertical.

 

We also announced an important five-year extension to our existing agreement with the Cedar Fair Entertainment Company ("Cedar Fair") to provide the Accesso Passport ecommerce solution across all of Cedar Fair's properties. Cedar Fair remains one of the largest regional amusement-resort operators in the world, and is a key example of Accesso's ability to sustain long and mutually beneficial relationships with leading operators.

 

Accesso also continues to expand beyond its traditional markets. In this regard we have made a significant step by expanding Ingresso into the US, a move which we believe has significant potential and will allow new and existing accesso clients to connect to an ever-expanding network of distribution channels.

 

Accesso ShoWare also announced an agreement with the 2018 Special Olympics USA Games for ticketing at its opening ceremony, and we have furthered our advance into the hospitality space by striking a partnership with Marriott International's Gaylord Hotels. In this case, Accesso ShoWare will provide its fully integrated ticketing platform to the range of Gaylord Hotels' internationally recognized events.

 

Lastly, in April of this year, Paul Noland began his tenure as Accesso's CEO. I am delighted to welcome him to the team and look forward to working towards Accesso's continued prosperity with him.

 

As is always the case at this time of year, approximately 80% of the trading year remains ahead of us. Nevertheless, the start we've had gives me confidence in the Group's outlook, and the Board today confirms its expectations for the year remain unchanged."

 

accesso Technology Group plc

+44 (0)118 934 7400

Tom Burnet, Executive Chairman


Paul Noland, Chief Executive Officer

John Alder, Chief Financial Officer

 

 



 

FTI Consulting, LLP

 

+44 (0)20 3727 1000

Matt Dixon, Adam Davidson

 

 



Canaccord Genuity Limited

+44 (0)20 7523 8000

Simon Bridges, Richard Andrews

 

 

Numis Securities Limited

+44 (0)20 7260 1000

Simon Willis, Mark Lander


 

About accesso Technology Group


At accesso, we believe technology has the power to redefine the guest experience. Our patented and award-winning solutions drive increased revenue for attraction operators while improving the guest experience. Currently serving over 1,000 clients in 27 countries around the globe, accesso's solutions help our clients streamline operations, generate increased revenues, improve guest satisfaction and harness the power of data to educate business and marketing decisions.

 

accesso stands as the leading technology provider of choice for tomorrow's attractions, venues and institutions. We invest heavily in research and development because our industries demand it, our clients benefit from it and it makes a positive impact on the guest experience. Our innovative technology solutions allow venues to increase the volume and range of on-site spending and to drive increased transaction-based revenue through cutting-edge ticketing, point-of-sale, virtual queuing, distribution and experience management software.

 

Many of our team members come from backgrounds working within the attractions and cultural industry. In this way, we are experienced operators who run a technology company serving attractions operators, versus a technology company that happens to serve the market. Our staff understands the day-to-day operations of managing complex venues and the challenges this creates, and together we strive to provide our clients and their guests with technology that empowers them to do more and enjoy more. From our agile development team to our dedicated client service specialists, every team member knows that their passion, integrity, commitment, teamwork and innovation are what drive our success.

 

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

 


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