Photo-Me International PLC Trading Update (9327G)
June 02 2017 - 2:00AM
UK Regulatory
TIDMPHTM
RNS Number : 9327G
Photo-Me International PLC
02 June 2017
2 June 2017
Photo-Me International plc
("Photo-Me" or "the Group")
Trading Update
Photo-Me (PHTM.L), the instant-service equipment group,
announces the following trading update for the year ended 30 April
2017 ahead of its final results which will be published on Tuesday,
27 June 2017.
The Group made excellent progress in the financial year,
reflecting the success of its strategy of investing in new
products, growing its laundry business and favourable currency
movements.
The photo identification and laundry businesses continued to
perform well.
Further progress was made in the deployment of photo ID security
technology during the year. In France, the vast majority of
photobooths have been upgraded for ANTS to enable direct and secure
transmission of ID photos and data to the government database for
driving licence applications. In Ireland, the Group's encrypted
photo ID upload technology, launched in partnership with the Irish
Government for the new Online Passport Application service, will be
rolled out to 300 secure digital upload enabled photobooths by the
end of 2017. The Group has now also started the progressive
roll-out of the ANTS booths in Germany.
The expansion of the laundry business in Europe has continued
apace, with consistent expansion of the estate of owned and
operated laundry units currently in operation, primarily located in
France, Ireland, Belgium and Portugal. During the second half of
the year, the Group actively started deploying its Revolution
laundry units in the UK, where some 100 machines were available to
consumers at the end of the year. Revolution, the 24/7 outdoor
self-service machine range, has been extended to include two
reduced footprint models, Compact and Mini, targeted at the Far
East market. During the second half of the year, the Group's
programme to open further launderettes was consistent with the
announced plan. The first Launderette shop opened in Japan during
the last quarter and it is proving to be very successful.
The Board expects the financial year ended 30 April 2017 will be
in line with market expectations, with significant revenue growth
and record progress in profit before tax (+c.20% compared with
2016), supporting the Group's stated commitment to increase the
total ordinary dividend by 20% year on year.
This announcement contains inside information for the purposes
of Article 7 of Regulation 596/2014.
Enquiries:
+44 (0) 1372 453
Photo-Me International 399
Gabriel Pirona, CFO
Hudson Sandler (Financial +44 (0) 20 7796
PR) 4133
Wendy Baker/ Emily Dillon
About Photo-Me
Photo-Me operates a wide range of instant service equipment.
With more than 46,000 vending locations in 17 countries
(primarily the UK, France and Japan), Photo-Me is the world's
leading operator of photobooths, with more than 28,000 sited. The
Group operates a diverse range of vending equipment, including
digital printing kiosks, laundry machines, children's rides and
amusement machines, in the most sought-after locations around the
world.
Photo-Me sells a range of photo-processing equipment including
photobook makers and digital printing kiosks.
The Company's shares have been fully-listed on the London Stock
Exchange since 1962.
-ends-
This information is provided by RNS
The company news service from the London Stock Exchange
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