Updates

ME Group - Revolution rollout set to climb from 180 to 250 machines a month

January 2024

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

MEGP’s update for FY23 confirmed strong H2 trading in its Photobooth and Laundry operations and it expects to hit the top end of its full-year guidance. Sales are “not less than £298m” (+15% year on year), EBITDA is “significantly above £100m” (+19%) and pretax profit is “no less than £67m” (+46%). Best of all is an acceleration in roll-out rates. Wash.ME’s installation rate grew to 180 by the period end and looks set to climb to 250 per month next year. Meanwhile, 547 next-generation multi-service photobooths were installed to date in France with new features including ‘Mobile to Print,’ user personalisation services using AI and photo filters with more features expected shortly. Clearly the wind is back in its sails af ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

DiscoverIE - 15 deals in live negotiation

OntheBeach - Cash rises to 45p a share

ME Group - Cavendish initiates with 350p price target (September 2024)

ME Group (July 2024)

ME Group - Results whack ball out of the park (March 2024)

Me Group - Wash.ME divisional profit up 39% (November 2023)

Me Group (June 2023)

ME Group - Revolution rollout expands to 80-90 units (April 2023)

Me Group - Trading ahead of forecast (December 2022)

Me Group - Moves into food vending (January 2022)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X