Screaming growth at accesso
Reporter Theron Mohamed of Investors Chronicle shared an update on accesso Technology Group (LON:ACSO) reporting the firm’s underlying operating profit for 2014 was up 21 percent.
“Thrill seekers and culture buffs despise trawling through ticketing websites and waiting in queues at theme parks and museums. Accesso Technology (ACSO) helps leisure companies tackle that problem with its virtual queuing and e-ticketing solutions, LoQueue and Passport. Strong demand drove underlying operating profit up 21 per cent to $8.7m (£5.9m) last year.
The Aim-listed group’s technology – which is used in over 1,000 venues in 23 countries – aims to improve visitors’ experiences, encouraging them to spend money and return with friends. Dreary first-half weather in the US threatened to derail progress, but sunshine elsewhere helped overall ticketing volumes jump 31 per cent. Together with mobile improvements and astute pricing, that pushed LoQueue’s average revenue per guest up 6 per cent.”
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