Accesso Technology Expects 2021 Revenue to Double – MarketWatch

By Sabela Ojea

Accesso Technology Group PLC said Wednesday that its strong first-half performance continued through September and October, and that it expects to post a more-than-doubled revenue for 2021 as a whole.

The technology company with a focus on leisure, entertainment and cultural markets said its performance continues to be driven by high demand in its end markets, coupled with the increasing use of its revenue-generating technology across its customer base.

The London-listed company now expects revenue for 2021 to be no less than $124 million, it said. This compares with reported revenue of $56.1 million for 2020 and revenue of $117.2 million for 2019.

“The group’s profitability continues to improve as the growth in its higher-margin products outpaces those products with lower margins,” the company said.

Shares at 0718 GMT were up 65.00 pence, or 7.7%, at 915.00 pence.

Write to Sabela Ojea at [email protected]; @sabelaojeaguix


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