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ME Group reports interim six month results; sales up 6% Earnings reports 

ME Group reports interim six month results; sales up 6%

GaryPageau
ME Group International plc, the instant-service equipment group formerly known as Photo Me International,  announces its results for the six months ended 30 April 2024. The company reported revenue up 4.6% to £150.4 million, EBITDA1 up 11.1% to £51.2 million, and profit before tax up 10.3% to £30.0 million, driven by growth in core laundry and photobooth operations, despite foreign... Read More
ME Group on track for record perfomance; photo booths up 2.4% Earnings reports News 

ME Group on track for record perfomance; photo booths up 2.4%

GaryPageau ,
ME Group International plc, the instant-service equipment group, announced an update on the group’s trading for the six months ended 30 April 2024. Positive trading momentum continued throughout H1 2024 compared with the six months ended 30 April 2023, with group revenue up 4.6% (up 8.6% excluding foreign exchange impact) and profit before tax up 10.3% (up 13.6%, excluding foreign... Read More
ME Group divests Sempa in strategic shift to core operations News 

ME Group divests Sempa in strategic shift to core operations

GaryPageau , ,
ME Group, a leader in instant-service equipment formerly known as Photo-Me International, has announced the divestiture of its subsidiary, Sempa, to Food Machine Invest, a French entity. The transaction, completed on May 20, 2024, saw ME Group GSS relinquish its entire stake in Sempa for a cash sum of €4.6 million. Acquired in 2019, Sempa is the leader in professional... Read More
ME Group reports positive financial performance, boosted by photobooths Earnings reports News 

ME Group reports positive financial performance, boosted by photobooths

GaryPageau
 ME Group International plc,  the instant-service equipment group formerly known as Photo ME, announces a post-year end update in respect of the 12 months ended Oct. 31, 2023. Following a strong first-half performance, the group continued to see positive trading momentum throughout the second half, particularly across its core Photobooth and Laundry operations, the company said.   For the 12... Read More
ME Group report six-month results Earnings reports News 

ME Group report six-month results

GaryPageau ,
ME Group International plc announced interim results for the six months ended April 30, 2023, including strong performance across all business areas, underpinned by consumer demand and diversification of services. Revenue was up 24.7% and profit before tax up 36.7%, driven by progress across all of the key business areas – photobooth, laundry and digital printing services – and in all of... Read More
ME Group buys photobooth business in Japan Acquisitions News 

ME Group buys photobooth business in Japan

GaryPageau
ME Group International plc entered into an agreement, through its ME Group Japan K.K. subsidiary, with Fujifilm Corp. to buy two automated photobook businesses from Fujifilm Corp., under the names FUJIFILM Imaging Systems Co., Ltd. and N&F Techno Service Co., Ltd. The total transaction consideration is approximately £5.5 million (Japanese Yen 996 million) and is capped at that amount. The... Read More
ME Group upgrades outlook Earnings reports 

ME Group upgrades outlook

GaryPageau ,
U.K. instant-services company ME Group International plc (formerly known Photo-Me International) reports continued positive trading momentum and has upgraded its FY22 outlook.  The company said the group’s first-half performance was ahead of expectations, with a strong recovery seen across Continental Europe. This positive trading momentum continued throughout the second half, with stronger consumer demand for all the group’s services. Trading... Read More