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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 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
Photo-Me International revising projections upward Earnings reports 

Photo-Me International revising projections upward

GaryPageau
Photo-Me International plc, the instant-service equipment group, is revising upwards its fiscal performance projections for the years. The company believes the group’s performance for the year ending Oct. 31, 2022, will show revenue up at least +20% over FY 2021 and adjusted PBT in the range of £47 million to £50 million, assuming Covid-19 or other social restrictions are not... Read More
Photo-Me share purchase triggers takeover rule News 

Photo-Me share purchase triggers takeover rule

GaryPageau
Photo-Me International PLC said Serge Crasnianski, its CEO, has published a document with full terms and conditions for a mandatory takeover offer by the CEO’s company Tibergest Pte Ltd., according to Alliance News. The offer for the Surrey-based operator of instant-service equipment has become open for acceptances until March 8. In mid-January, Tibergest agreed to buy 29.1 million Photo-Me shares... Read More
Photo-Me International anticipates higher sales, profits for 2021 Earnings reports 

Photo-Me International anticipates higher sales, profits for 2021

GaryPageau
U.K.-based instant-service company Photo-Me International plc, in a trading update, reports the group anticipates better-than-expected results for the fourth-quarter ending Oct. 31, based on increasing sales momentum in May, June and July that continued through the last quarter. Two segments – photobooths and laundry – stood out. As a result, the company expects revenue will be slightly ahead of previous expectations... Read More
Photo-Me looks to restructure U.K. operations News 

Photo-Me looks to restructure U.K. operations

GaryPageau
Photo-Me International plc announced an update on the group’s trading for the 12 months ended 30 April 2020 and its cash position. The COVID-19 pandemic severely impacted all the Photo-Me International plc end markets, and “the majority of expected Group revenue in March and April did not materialize,” the company said. Total Group revenue is now expected to be 5.5%... Read More
Photo-Me announces fiscal-year results; laundry segment continues growth Earnings reports Press releases 

Photo-Me announces fiscal-year results; laundry segment continues growth

GaryPageau
Investment in Laundry continues to drive growth  Photo-Me International plc, the instant-service equipment group, announces its results for the year ended 30 April 2018.  RESULTS HIGHLIGHTS: Reported At constant currency 2018 2017 Change 20171 Change1 Revenue £229.8m £214.7m +7.1% £216.9m +5.9% EBITDA (excluding associates) £71.0m £69.0m +2.8% £70.4m     +1.0% Underlying profit before tax2 £46.8m £46.6m +0.3% £47.5m      -1.6%... Read More
Photo-Me board names COO Eric Mergui as executive director People on the Move 

Photo-Me board names COO Eric Mergui as executive director

GaryPageau , ,
Photo-Me International plc announced the appointment of Eric Mergui as an Executive Director, effective today. Mergui continues as Chief Operating Officer. Mergui joined the Photo-Me in 1995 and was appointed Chief Operating Officer in 2015.  Before this, he headed up Photo-Me’s European operations and oversaw the development of Photo-Me’s business in China. “We welcome Eric Mergui to the Board. His in-depth... Read More
Photo-Me International half-year revenue up, but moving away from attended photo printing Earnings reports Press releases 

Photo-Me International half-year revenue up, but moving away from attended photo printing

GaryPageau
INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 OCTOBER 2017 Solid first half as laundry remains primary growth accelerator Photo-Me International plc (‘Photo-Me” or “the Group”), the instant service equipment group, announces its results for the six-month period ended 31 October 2017. Results Highlights Reported At constant currency Six months ended 31 Oct 2017 Six months ended 31 Oct 2016... Read More