ME Group has reported a strong set of H1 2024 results with revenue up +4.6%, PBT up +10.3% and EPS up +11.9%. Excluding the impact of foreign exchange movements, these metrics were +8.6%, +15.7% and +16.8%. As expected, laundry was the strongest performer, driven by the growth in installed machines. Net cash was £21.7m, down from £33.9m at October 2023, following the growth in capex and the dividend payment. The outlook remains positive, with the continued growth potential in laundry and a stron ....
