Full Year 2024 accesso Technology Group PLC Earnings Call Transcript
Key Points
- accesso Technology Group PLC (LOQPF) reported a revenue of $152.3 million for 2024, slightly above the upper end of their guidance range.
- The company achieved a cash EBITDA margin of 15%, surpassing initial expectations.
- accesso Technology Group PLC (LOQPF) has a strong global presence, operating in 33 countries with over 1,200 customers.
- The company is actively exploring new growth opportunities, including expanding their share of wallet through cross-selling and upselling strategies.
- accesso Technology Group PLC (LOQPF) is investing in new technologies, including AI and composable commerce, to enhance product offerings and operational efficiency.
- The company faces softer macroeconomic conditions across all geographies, impacting growth expectations.
- Visitor attendance was generally flat in 2024, with some operators experiencing nominal gains.
- The ski sector experienced less than optimal conditions, affecting transactional volume and operator buying decisions.
- accesso Technology Group PLC (LOQPF) anticipates challenges in exceeding the 5.3% growth achieved in 2024 due to market uncertainties.
- The legal process in the Middle East is slow, affecting the timeline for contract finalizations.
Good day ladies and gentlemen, and welcome to Accesso full year results 2024. (Operator Instructions) I would like to remind all participants that this call is being recorded.
I will now hand over to Steve Brown, CEO to start the presentation.
Thank you, and good afternoon, everyone. Thank you for joining us here on this Tuesday, April 15, which in the United States, it's actually Tax Day, so it's a very memorable date for all of us. I'm joined this morning by our CFO, Matt Boyle. And we are here to present our 2024 full year financial results.
So moving on a little click of the agenda, just so we all know where we're going. I'll provide a quick company overview, as usual, share performance update. Matt will walk you all through our full year financial results. We'll wrap up with a summary and outlook. And of course, lots of questions, I hope -- my the favorite part are the questions.
So just to reposition us for anyone that is maybe new to the
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