Photo-Me has dominant market positions, with its machines based in unique locations and supported by long-standing relationships and contracts, of which 90% are renewed. These positive characteristics support pricing power to mitigate inflationary pressures. Photobooths increased prices by +33% during Q2 and similar increases are planned in H2 across the group. H1 adj. EBITDA margins increased from 30.4% in H1 2021 to 31.1% in H1 2022 as sales grew strongly and the price rises offset a significa ....
19 Jul 2022
Photo-Me - Strong margins supported by significant price increases
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Photo-Me - Strong margins supported by significant price increases
ME Group International plc (MEGP:LON) | 166 -1 (-0.4%) | Mkt Cap: 625.8m
- Published:
19 Jul 2022 -
Author:
Guy Hewett -
Pages:
11
Photo-Me has dominant market positions, with its machines based in unique locations and supported by long-standing relationships and contracts, of which 90% are renewed. These positive characteristics support pricing power to mitigate inflationary pressures. Photobooths increased prices by +33% during Q2 and similar increases are planned in H2 across the group. H1 adj. EBITDA margins increased from 30.4% in H1 2021 to 31.1% in H1 2022 as sales grew strongly and the price rises offset a significa ....