Photo-Me reassures investors on full year results
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.
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.
Without providing actual numbers Photo-Me says the Operations unit has seen revenues broadly flat on the prior year but with increased profitability.
Subscribe to 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
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
UK inflation could rise to 3.5% tomorrow as food prices add pressure
Some economists think inflation will hit 3.5% in tomorrow’s report covering June, coming in above the Bank of England’s forecast. We look at what to expect.
-
New electric car grant worth up to £3,750 announced – how the scheme works
The cost of a new electric car could be cut by up to £3,750. We explain how the new electric car grant works, and what cars are likely to be made cheaper.