Photo-Me has detailed that trading across all of the Group’s end markets and business areas has continued to be severely impacted by the pandemic, as a result of significantly lower consumer demand for its vending equipment and services. One banking covenant was breached, but this was waived and amended, and management believes the Group has sufficient liquidity. Net cash was £22m at October 2020 up from £8m at April 2020 and management estimates sales will be £175m for FY 2021, PBT £9m and the ....
09 Dec 2020
Photo-Me - Cash flow positive
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Photo-Me - Cash flow positive
ME Group International plc (MEGP:LON) | 169 0.7 0.2% | Mkt Cap: 637.1m
- Published:
09 Dec 2020 -
Author:
Guy Hewett -
Pages:
3
Photo-Me has detailed that trading across all of the Group’s end markets and business areas has continued to be severely impacted by the pandemic, as a result of significantly lower consumer demand for its vending equipment and services. One banking covenant was breached, but this was waived and amended, and management believes the Group has sufficient liquidity. Net cash was £22m at October 2020 up from £8m at April 2020 and management estimates sales will be £175m for FY 2021, PBT £9m and the ....