Accesso Technology Group (ACSO)

Sector:

IT Services

Index:

FTSE AIM All-Share

510.00p
   
  • Change Today:
    -4.00p
  • 52 Week High: 758.00
  • 52 Week Low: 500.00
  • Currency: UK Pounds
  • Shares Issued: 41.08m
  • Volume: 59,612
  • Market Cap: £209.51m

Accesso Technologies raises FY revenue guidance amid 'continued strong performance'

By Iain Gilbert

Date: Wednesday 27 Oct 2021

LONDON (ShareCast) - (Sharecast News) - Technology solutions provider Accesso Technology said on Wednesday that it had seen a "continued strong performance" through September and into the October trading period, leading it to raise its full-year revenue guidance.
Accesso stated its performance continued to be driven by high demand in its end markets, coupled with the increasing use of its revenue-generating technology across its customer base.

As a result, Accesso now expects full-year revenues to be no less than $124.0m.

The AIM-listed group added that its profitability continued to improve as the growth in its higher-margin products outpaces those products with lower margins.

However, Accesso also noted that continued to see an impact from "a lag in its return to normal cost levels" as it deployed additional resources in order to calibrate for increased demand.

"As previously signalled, these investments will have a limited impact on cash EBITDA in 2021, while their full annualised effect will be felt in the 2022 financial year," said Accesso.

"Due to these dynamics, the group now expects its cash EBITDA margin for the full year 2021 to exceed 20%."

As of 0925 BST, Accesso shares were up 8.12% at 919.0p.

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ACSO Market Data

Currency UK Pounds
Share Price 510.00p
Change Today -4.00p
% Change -0.78 %
52 Week High 758.00
52 Week Low 500.00
Volume 59,612
Shares Issued 41.08m
Market Cap £209.51m

ACSO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
87.49% below the market average87.49% below the market average87.49% below the market average87.49% below the market average87.49% below the market average
29.27% below the sector average29.27% below the sector average29.27% below the sector average29.27% below the sector average29.27% below the sector average
Price Trend
50.99% below the market average50.99% below the market average50.99% below the market average50.99% below the market average50.99% below the market average
48.31% below the sector average48.31% below the sector average48.31% below the sector average48.31% below the sector average48.31% below the sector average
Income Not Available
Growth
62.48% below the market average62.48% below the market average62.48% below the market average62.48% below the market average62.48% below the market average
95.12% below the sector average95.12% below the sector average95.12% below the sector average95.12% below the sector average95.12% below the sector average

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

ACSO Dividends

No dividends found

Trades for 31-Oct-2024

Time Volume / Share Price
16:35 2,408 @ 510.00p
16:35 1 @ 510.00p
16:35 61 @ 510.00p
16:35 37 @ 510.00p
16:35 190 @ 510.00p

ACSO Key Personnel

CEO Steve Brown
CFO Fern MacDonald
CFO Matthew Boyle

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