Trading and order update

RNS Number : 5889V

Photo-Me International PLC

04 November 2010

 



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 31^st 2010. The company will provide fuller details when it reports its results for this period on December 9^th, 2010.

In its Interim Management Statement of September 15^th 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	01372 453 399
Media Madano Partnership Charles Reynolds/Sarah Mylroie	020 7593 4000
Investors IR Focus Neville Harris	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.

 

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