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AIM:ACSOFRA:LQGOTC:LOQPF
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Accesso Technology on track to return to pre-pandemic revenue levels

The ticketing and virtual queuing specialist's tech is used by some of the leading theme parks

Accesso Technology Group PLC -

Accesso Technology Group PLC (AIM:ACSO, FRA:LQG, OTC:LOQPF) (LON:ACSO) raised its 2021 revenue forecast to at least US$117mln, representing a full recovery to 2019 trading levels.

In a statement ahead of its interims next week, the ticketing and virtual queuing specialist said cash earnings (EBITDA) will be “significantly ahead of current market expectations” for the half-year and 12-month period.

“The group is currently deploying additional resources across technology implementation, product development and customer support to calibrate for the new demand,” investors were told.

“As previously signalled, these investments will have a limited impact on cash EBITDA in 2021; their full annualised effect will be felt in the 2022 financial year.”

Accesso said through July, August and the Labor Day holiday period it had built on its “excellent first-half performance and continued to capture high demand for its technology solutions”.

Quick facts: Accesso Technology Group PLC

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AIM:ACSO

Price: 945 GBX

Market Cap: £389.84 m

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