ME Group jumps after signaling improving H2 trading, reaffirms profit forecast
13/07/2026 09:03
BUZZ-ME Group jumps after signaling improving H2 trading, reaffirms profit forecast ** Shares of instant-service equipment seller ME Group MEGPM.L up as much as 17.2% at 121.2p; on track for best day since February 2024
** Co says it sees a return to normal trading patterns in H2
** Total vending revenue, generated from self-service machines, up 11.1% in May, with Wash.ME and Photo.ME revenue rising 25.9% and 1.8%, respectively
** Co reaffirms FY26 forecast for profit before tax between £69 million and £74 million ($92.35 million to $99.04 million); says on track to install about 1,300 laundry machines in FY26
** YTD, stock down 22.7%
($1 = 0.7474 pounds)
(Reporting by Jahanvi Kothari in Bengaluru)