REG - ME Group Intl. - Trading Update

ME InternationalAnnouncement

Mon 07:00

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RNS Number : 9058K  ME Group International PLC  02 June 2025

 

2 June 2025

ME GROUP INTERNATIONAL PLC

("ME Group" or the "Group" or the "Company")

 

Trading Update

 

Record H1 Group profitability achieved, driven by strong Revolution laundry
performance

 

On track to deliver FY 2025 profit performance in line with expectations,

with another year of record profitability.

 

ME Group International plc (LON: MEGP), the instant-service equipment group,
announces an update on the Group's trading for the six months ended 30 April
2025 ("H1 2025").

 

Trading Update

 

The Group is pleased to report that record trading momentum has continued in
the first half of the year, with Group profit before tax up approximately 14%
(up approximately 17% at constant currency(1)) and Group revenue up
approximately 2% (up approximately 4% at constant currency(1)), driven by the
strong continued performance in our laundry business. Excluding the H1 2024
contribution from SEMPA SAS, which was sold in May 2024, revenue in H1 2025
was up approximately 3.5% year-on-year (up approximately 6% at constant
currency(1)).

 

Laundry operations delivered a strong performance with revenue up 13.3% (up
15.7% at constant currency(1)). This reflected ongoing demand across all our
geographies. In line with the Group's focus on laundry expansion, new machine
installations continued at pace, particularly across France and the UK, with a
further 550 net new machines installed in H1 2025.  The Group remains on
track to install a total of 1,200 net Revolution laundry machines across
target geographies in FY 2025.

 

Photobooth revenue is down approximately 3.3% (down approximately 1.1% at
constant currency(1)), primarily due to a technical issue with new printers
which has now been resolved but caused an estimated 2% drop in photobooth
revenue in H1 2025. The Group received compensation from the supplier in
connection with this issue. The Group is on track to install its target of
3,200 next-generation photobooths in FY 2025 as it continues to upgrade and
replace existing machines.

 

In March 2025, the Group completed a small acquisition of a photo ID
competitor in Belgium, which will see ME Group add an additional 116
photobooths to its portfolio, all of which were profitable [in the prior
year]. This further evidences delivery of the Group's growth strategy through
expansion in existing and new geographic territories. The acquisition was
funded via the Group's cash balances.

 

Financial Position

 

The Group has predictable revenue streams, is highly cash generative, and has
a strong balance sheet. At 30 April 2025, the Group's net cash position was up
69.1% to £36.2 million (H1 2024: £21.7 million).

 

Outlook

 

We are pleased to report further progress and profit growth in H1 2025,
despite a backdrop of challenging global markets. Whilst the photobooth
revenue performance was slightly lower than expected due to the supplier issue
referenced above, laundry operations continue to deliver significant growth.
Historically, the Group's performance is second-half weighted, and the Board
continues to anticipate FY 2025 profit before tax will be between £76 million
and £80 million.

 

The Board remains focused on delivering against its long-term strategy to grow
its core photobooth and laundry activities. The Group's key strengths underpin
its significant competitive advantage and continue to position it for
long-term success.

 

The Group will publish its interim results for the six months ended 30 April
2025 in mid-July 2025.

(1) At constant currency rate. In H1 2025, the Japanese yen saw a 2.5%
decrease in value against Pound Sterling (average rate of exchange used in H1
2025 was yen/£ 192,64 vs H1 2024 yen/£ 187.64), and a 2.7% decrease in the
euro against pound sterling (average rate of exchange used in H1 2025 was
1.194 vs H1 2024: 1.163).

( )

 

ENQUIRIES:

 

 ME Group International plc                     +44 (0) 1372 453 399
 Stéphane Gibon, CFO                            ir@me-group.com
 Vlad Crasneanscki, Head of Investor Relations

 Hudson Sandler                                 +44 (0) 20 7796 4133
 Wendy Baker / Nick Moore / Eloise Fleet        me-group@hudsonsandler.com

 

 

 

 

NOTES TO EDITORS

 

ME Group International plc (LSE: MEGP) is an international market leader in
automated self-service equipment aimed at the consumer market.

 

The Group operates, sells and services a wide range of instant-service vending
equipment across 18 countries in its key regions of Continental Europe, the UK
& Republic of Ireland and Asia Pacific. The Group's services include:

 

Core activities:

 

 ·             Photo.ME  Photobooths and integrated biometric identification solutions
 ·             Wash.ME   Unattended laundry services and launderettes

 

Ancillary activities:

 

 ·             Print.ME       High-quality digital printing kiosks
 ·             Other vending  Primarily foodservice vending equipment (Feed.ME), Children's rides
                              (Amuse.ME), Photocopier services (Copy.ME)

 

The Group has a proven track record of innovation and diversification of its
products and services enabling it to respond to the evolving needs of its
customers and consumers.

 

The Group benefits from well-established partnerships and long-term contracts
with major site owners in attractive, high-footfall locations, enabling it to
offer multiple products and services onsite. Partners include supermarkets,
petrol forecourts, shopping malls (indoors and outdoors), transport hubs, and
administration buildings (City Halls, Police etc.).

 

The Company's shares have been listed on the London Stock Exchange since 1962.

 

For further information: www.me-group.com (http://www.me-group.com)

 

 

 

 

 

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