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Trading statements

Photo-Me sees FY results in line with views

26 February 2015 09:15

Photo-Me said despite the further strengthening of sterling against both the euro and the yen, the Group remains confident of delivering results at least in line with expectations for the year as a whole and reiterates its commitment to an increase of 30% in the total dividend for the current financial year.

It continues to perform well, with excellent cash generation. In addition, it has a very strong balance sheet, which is enabling Photo-Me to rapidly develop its estate of highly profitable machines.

"The Group continues to view the future with great confidence based on the strong performance of the current portfolio supported by the planned roll out of new units and its growing pipeline of new products," the company said.

At 9:15am: (LON:PHTM) PhotoMe International PLC share price was +4p at 149p

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Related Company: PHTM

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