IN BRIEF: accesso Technology shares jump as ups full year expectations – Morningstar

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accesso Technology Group PLC – Berkshire, England-based provider of software for leisure, entertainment and cultural sectors – Says it has seen strong performance through October with fall and Halloween activities performing ahead of expectations. It now expects revenue for the full year 2022 to be no less than USD138 million, at least 11% higher than USD124.8 million it reported for financial year 2021. Explains that profitability has improved as the strong performance has been focused in its higher-margin products together with operational savings in the cost base. Based on this, the company now expects its cash earnings before interest, tax, depreciation and amortisation margin for 2022 to exceed 17%.
In 2021, accesso reported revenue of USD124.8 million and cash Ebitda of USD28.1 million.
Current stock price: 743.30 pence, up 11% on Wednesday in London
12-month change: down 17%
By Sophie Rose; sophierose@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
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