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
-
Are you one of 15 million people at risk of retirement poverty?Two-fifths of people in the UK aren’t on track for a minimum lifestyle in retirement, new data shows. Are there steps you can take to boost your pension?
-
150 banking hubs now open across UK – is there one near you?As the 150th banking hub opens its doors, a Post Office deal that offers basic banking services has also been extended until 2030. We explain what this means for you
