8th Sep 2021 11:00
(Alliance News) - Accesso Technology Group PLC has lifted its forecast for the year to levels not seen since before the coronavirus pandemic, the company said on Wednesday.
Revenue for the year was revised upwards to at least USD117 million on the back of ongoing momentum. The expected result would represent what Accesso described as a "full recovery to 2019 trading levels".
Shares in the company were 8.5% higher at 898.00 pence each in London on Wednesday morning.
The Berkshire-headquartered company, which makes software for the leisure and entertainment markets, said cash earnings before interest, tax, depreciation and amortisation will be "significantly ahead" of market expectations for both the half and full year.
"Through July, August and the Labor Day holiday period, accesso has built on excellent first half performance and continued to capture high demand for its technology solutions. As a result, trading during this period was very strong," the company said in a statement.
Accesso will publish its interim results on September 14.
By Will Paige; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
Accesso Technology Group