Photo-Me International, the photo booth and vending machine operator, says its Sales and Servicing division has failed to see any 'pick up' since the end of October 2011.
Things are also tough for the French division, Kis, whose market "continues to be challenging" according to Friday's release.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The guidance for the full year is that the company will achieve market expectations.
Shares in Photo-Me fell 3% in early trading but by 10:55 had recovered to stand just 0.14% down on Thursday's close. Over the last 12 months Photo-Me's shares have lost 17% of their value.
BS
-
Reeves urged to axe stamp duty from UK shares held in an ISAChancellor Rachel Reeves is reportedly considering axing stamp duty from UK shares held in stocks and shares ISAs. What could it mean for your portfolio?
-
Family investment companies explained: how the ultra wealthy shield their money from the taxmanWealthy families are increasingly turning to family investment companies to keep more of their money away from HMRC – but what are these arrangements and how do they work?
