10 Dec 2021
Photo-Me - Better than expected trading momentum
Q4 saw a continuation of the better than expected trading momentum in Q3, driven by a continued recovery in Photobooth activity and a strong Laundry performance. The board now expects sales will be slightly ahead of the c.£210m previous guidance and PBT before exceptional items will be towards the upper end of the previously guided range of £25-30m. We have upgraded EPS by 6% and adj. PBT to £29.0m, which splits £12.9m in H1 followed by £16.1m in H2. Cash flow has been strong, with net cash at O ....
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Photo-Me - Better than expected trading momentum
ME Group International plc (MEGP:LON) | 166 0.7 0.2% | Mkt Cap: 625.1m
- Published:
10 Dec 2021 -
Author:
Guy Hewett -
Pages:
5
Q4 saw a continuation of the better than expected trading momentum in Q3, driven by a continued recovery in Photobooth activity and a strong Laundry performance. The board now expects sales will be slightly ahead of the c.£210m previous guidance and PBT before exceptional items will be towards the upper end of the previously guided range of £25-30m. We have upgraded EPS by 6% and adj. PBT to £29.0m, which splits £12.9m in H1 followed by £16.1m in H2. Cash flow has been strong, with net cash at O ....