4 Nov 2010 07:00
04 November 2010
Photo-Me International Plc ("Photo-Me" or "the Group")
Trading and order update
Photo-Me (PHTM.L), the instant service equipment group, is today issuing a brief trading and order update covering the first half of its financial year to October 31st 2010. The company will provide fuller details when it reports its results for this period on December 9th, 2010.
In its Interim Management Statement of September 15th 2010, the Group reported a strong start to the year with results ahead of both the comparable period and management's expectations. The Group is pleased to confirm that trading has remained strong in the balance of the period. In addition, the Group has secured an additional order for 750 Pocketbook machines, bringing the total to 1,300 machines in the year to date. The Group continues to seek further orders with a range of relevant OEMs.
The net cash position on the balance sheet has continued to build over the first six months and the Board will be giving due consideration to the potential for a substantial uplift in the interim dividend, which was 0.25 pence a share in 2009.
Enquiries: Photo-Me International Serge Crasnianski or Françoise Coutaz-Replan
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01372 453 399 |
Media Madano Partnership Charles Reynolds/Sarah Mylroie
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020 7593 4000 |
Investors IR Focus Neville Harris
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020 7593 4015 |
Notes for editors:
Photo-Me (www.photo-me.co.uk) has two main activities: Operations and Sales & Servicing
Operations comprises the operation of unattended vending equipment, in particular photobooths, digital printing kiosks, amusement machines and business service equipment. With 21,450 sited worldwide, Photo-Me is the world's leading operator of photobooths.
Sales and Servicing comprises the development, manufacture, sale and after-sale servicing of this Operations equipment and a complete range of photo-processing equipment, including photobook makers, kiosks and minilabs, together with the servicing of third party equipment.