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Accesso Technology Group sees 'enormous' opportunities for growth in 2018

Tom Burnet, chairman of accesso Technology Group PLC (LON:ACSO), tells Proactive's Andrew Scott they enjoyed a strong year and remain confident on the outlook for 2018.

Revenues for the 12 months ended December 31 grew just over 30% to US$133.4mln, while underlying earnings (EBITDA) were up 29% at US$24.6mln. As previously flagged, the numbers were comfortably ahead of market expectations.

Its performance was underpinned by new business wins, renewed partnerships, geographic expansion and acquisitions, principally July’s purchase of TE2 for an enterprise value of $80mln.

Quick facts: Accesso Technology Group PLC

Price: 350 GBX

LSE:ACSO
Market: LSE
Market Cap: £97.9 m
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on 05/04/2016

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