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Accesso posts half-year financials

Ticketing technology company Accesso has reported an adjusted EBITDA of $15.1m for the first half of the year.

The Proactive Investors website noted that this represents a 73.6 per cent increase on the previous year.

Accesso’s revenues also climbed to $54.4m, while its net debt dropped from $23.8m to $11.6m. The company is expected to complete the rollout of its ticketing and e-commerce technology across attractions and theme parks owned by Merlin Entertainments in the near future.

The Alliance News service also noted that the firm has posted a drop in interim profit, despite the aforementioned results.

According to Alliance News, Accesso reported a 13 per cent decrease in pre-tax profit of $1.4m to $1.6m, mainly owing to increased administrative expenses. Accesso is said to be on course to meet its full-year expectations.

Last month, the company partnered with Ontario-based ECHL ice hockey club Brampton Beast to improve fans’ purchasing experience.