Initiation of Coverage on accesso Technology Group (ACSO): Unique solutions provider to global leisure industry
June 03, 2024 at 11:40 am EDT
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Hardman & Co Research
Initiation of Coverage on accesso Technology Group (ACSO): Unique solutions provider to global leisure industry
03-Jun-2024 / 16:39 GMT/BST
The issuer is solely responsible for the content of this announcement.
Hardman & Co Research – Initiation of Coverage – accesso Technology Group (ACSO): Unique solutions provider to global leisure industry
accesso provides technology solutions to the global leisure and attractions industry, servicing more than 1,200 venues across 34 countries. While the share price slumped from late 2018 and bottomed during the pandemic, the group is now on a new footing. Following a five-year break, the company has made four acquisitions to help drive fresh momentum. These acquisitions add functional breadth to the offering as well as increased geographical spread. The company has a unique business profile and a leading market position, supported by healthy cash generation and a strong balance sheet. Despite the recent rally, at 15x our FY26e earnings, the rating remains well below the heady days of 2014-18.
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accesso Technology Group plc is a technology solutions company. The Company's principal activities are the development and application of ticketing, mobile and e-commerce technologies, and operation of virtual queuing solutions to leisure, entertainment and cultural markets. Its Ticketing and Distribution segment comprise a range of products, including accesso Passport, accesso Siriusware, accesso ShoWare, accesso Paradox, accesso Horizon and Ingresso. Its Guest Experience segment comprises accesso LoQueue, Mobile Applications and the accesso Freedom. The accesso Siriusware software solutions providing modules in ticketing and admissions, memberships, reservations, resource scheduling, food service, kiosks and e-commerce. The accesso ShoWare ticketing solution for box office, online, kiosk, mobile and social media sales. Ingresso operates a distribution platform that connects venues and distributors, opening up a global channel for clients to sell their event, theatre, and tickets.