28th Jan 2025 12:08
accesso Technology Group PLC - software provider for the leisure, entertainment and cultural sectors
- Expects to report around USD152 million in revenue for 2024, in line with the guidance range of USD150 million and USD153 million given back in August. Forecasts revenue growth of approximately 4%, adjusting "for the decision to step away from USD3.3 million pass-through revenue from a virtual queuing customer". accesso furthermore predicts a 15% cash earnings before interest, tax, depreciation, and amortisation margin, surpassing revised expectations of a 13% to 14% cash Ebitda margin. Says: "With continued commitment to operational efficiency, the group is now delivering more profitable growth." Notes a net cash position of USD28.7 million as of December 31. accesso plans to provide 2025 outlook and guidance with its full-year report in April.
Current stock price: 532.00 pence, up 11% in London around midday on Tuesday
12-month change: down 6.7%
By Emma Curzon, Alliance News reporter
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