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
-
Review: Andronis Minois and Andronis Arcadia – two Greek island idyllsTravel Andronis Minois on Paros and Andronis Arcadia on Santorini are two beautiful, authentic hotels on two different islands in Greece
-
What sole traders and landlords need to know about Making Tax Digital with one year to goSole traders and landlords will have to start reporting their earnings digitally on a quarterly basis to HMRC from April 2026 – here is what you need to know
