Photo-Me International PLC Trading Update (1528H)
02 Agosto 2021 - 01:00AM
UK Regulatory
TIDMPHTM
RNS Number : 1528H
Photo-Me International PLC
02 August 2021
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2 August 2021
Photo-Me International plc
("Photo-Me" or "the Group")
Trading Update
Photo-Me International plc (PHTM.L), the instant-service
equipment group, announces an update on the Group's trading
position.
Following a promising recovery in the first half of FY2021, the
Group's trading performance in May, June and July (Q3 FY2021) was
better than expected, driven by stronger-than-anticipated recovery
of photobooth activity, mainly in Continental Europe.
Consequently, the Board has revised its expectations for the
financial year ending 31 October 2021 and is pleased to announce
that it now expects to report revenue of around GBP210 million
(previously around GBP200 million) and profit before tax of between
GBP25 million to GBP30 million before exceptional items (previously
GBP21 million to GBP24 million before exceptional items).
Nevertheless, economic uncertainty remains across many of the
Group's operating markets due to the COVID-19 pandemic. The Board
continues to closely monitor activity across all its end
markets.
ENQUIRIES
Photo-Me International plc +44 (0) 1372 453 399
Serge Crasnianski, CEO
Stéphane Gibon, CFO
Hudson Sandler +44 (0) 20 7796 4133
Wendy Baker/ Nick Moore photo-me@hudsonsandler.com
Notes to Editors
Photo-Me International plc (LSE: PHTM) operates, sells and
services a wide range of instant-service vending equipment,
primarily aimed at the consumer market.
The Group operates vending units across 18 countries and its
technological innovation is focused on three principal areas:
-- Identification: photobooths and integrated biometric identification solutions
-- Laundry: unattended laundry services, launderettes, B2B services
-- Kiosks: high-quality digital printing
The Group entered the self-service fresh fruit juice equipment
market in April 2019, with the acquisition of Sempa. This will
become a key business area alongside Identification, Laundry, and
Kiosks, and will be a significant part of the Group's future growth
strategy.
In addition, the Group operates other vending equipment such as
children's rides, amusement machines, and business service
equipment.
Whilst the Group both sells and services this equipment, the
vast majority of units are owned, operated and maintained by
Photo-Me. Photo-Me pays the site owner a commission based on
turnover, which varies depending on the country, location and the
type of the machine.
The Group has built long-term relationships with major site
owners and its equipment is generally sited in prime locations in
areas of high footfall such as supermarkets, shopping malls
(indoors and outdoors), public transport locations, and
administration buildings (City Halls, Police etc.). Equipment is
maintained and serviced by an established network of 650 field
engineers.
The Company's shares have been listed on the London Stock
Exchange since 1962.
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END
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