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Accesso Technology Expects 2021 Revenue to Double

By Sabela Ojea

 

Accesso Technology Group PLC announced on Wednesday that the strong performance of the first half of the year continued through September and October and expects sales to more than double for full year 2021.

The technology company, which focuses on the leisure, entertainment and cultural markets, said its performance will continue to be driven by high demand in its end markets coupled with the increasing use of its revenue generating technology among its customer base.

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

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

Shares rose 65.00 pence, or 7.7%, to 915.00 pence at 0718 GMT.

 

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix