UK's ME Group falls on lackluster full-year expectations

ME International

07/11/2025 10:06

** Shares of instant-service equipment seller ME Group MEGPM.L down 7% at 176p

** Stock top loser on FTSE 250 index .FTMC, which is up 6.28% YTD

** Co trims top-end of annual profit before tax forecast range to between 76 million pounds and 79 million pounds ($102.00 mln-$106.03 mln) versus 76 mln pounds and 80 mln pounds earlier

** Expects FY25 total rev of between 311 mln pounds and 318 mln pounds, implying a 1.04% fall at midpoint from 317.8 mln pounds reported in FY 2024

** Reports dull performance across core laundry and photobooth segments for the year ended October 31, as unusual weather patterns and regulatory changes weigh on demand

** Says overall rev performance reflected the end of UK contract and a resolved printer supplier issue

** Continuing to explore strategic options for company

** Including session's gains, stock down ~14.56% YTD

($1 = 0.7451 pounds)

 (Reporting by Ankita Bora in Bengaluru)

 ((Ankita.Bora@thomsonreuters.com))