Trading Statement
Full year revenue in line with guidance at $152m; Cash EBITDA margin of 15% exceeds expectations.
vs expectations: ahead
- Revenue $152m
- Cash EBITDA margin 15% (prior 13%-14% expected)
- Net cash position at 31 December 2024 $28.7m
- Revenue growth (excluding pass-through) approximately 4%
- Pass-through revenue stepped away from $3.3m
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Cash EBITDA expected to exceed expectations at 15%
accesso Technology Group plc (AIM: ACSO), the premier technology solutions provider for leisure, entertainment and cultural markets, today provides the following trading update ahead of its full year results announcement in April.
For the full year, the Group expects to deliver revenue in line with the range it set in August 2024 at approximately $152m. Adjusting for the decision to step away from $3.3m pass-through revenue from a virtual queuing customer, the Group's revenue growth is approximately 4%.
With continued commitment to operational efficiency, the Group is now delivering more profitable growth. It expects to report a Cash EBITDA margin of approximately 15%, performing ahead of the revised 13% - 14% expectations.
The Group's net cash position at 31 December 2024 was $28.7m.
The Group will provide its outlook and guidance for 2025 at the time of its full results in April.
596/2014 ("MAR").
At accesso, we believe technology has the power to redefine the guest experience. Our patented and award-winning solutions drive increased revenue for attractions operators while improving the guest experience. Currently serving over 1,000 venues in 30 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.
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