Join our community of smart investors

Accesso scales up

The software ticketing group is extending its client base, while cross-selling to existing customers
Accesso scales up

Accesso Technology (ACSO) spent 2016 ploughing cash into wearable technology, as well as scaling up its existing ticketing platform for major new client Merlin Entertainments (MERL). This meant its research and development expenditure increased to almost 18 per cent of revenue, compared with 13 per cent the previous year. However, the rewards were a 25 per cent increase in underlying operating profit to $15.7m (£12.6m).

IC TIP: Hold at 1580p

The group's Accesso Passport ticketing platform increased sales volumes by 30 per cent, as it was extended across more Merlin attractions. It also won new clients, including the Henry Ford Museum in Michigan. Concentrating on this higher-margin ticketing work lifted gross profit margins to 53.9 per cent, from 49.4 per cent a year earlier.

To continue reading...
  • Read 3 articles for free each month
  • Educational articles and topical investment guides
  • In-depth podcast episodes by our writers and industry professionals
  • Interactive live webinars on investment themes that matter
Have an account? Sign in