Photo-Me International plc
('Photo‐Me', 'the Company' or 'the Group')
Publication of Annual Report 2021
Further to its Preliminary Results announcement issued on 21 March 2022, Photo-Me, the instant-service equipment group, announces that it has made its Annual Report for the year ended 31 October 2021 available to shareholders.
The Annual Report is available on the Company's website at www.photo-me.com and at the Company's registered office at Unit 3B Blenheim Road, Epsom, Surrey KT19 9AP. The report will be posted to those shareholders who have not chosen to receive electronic communication or communication through the Company's website.
A copy of the Annual Report will also be submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
Enquiries:
| Photo-Me International plc |
|
| Del Mansi, Company Secretary | +44 (0) 1372 453 399 |
| Hudson Sandler |
|
| Wendy Baker/Nick Moore | +44 (0) 20 7796 4133 |
NOTES TO EDITORS
Photo-Me International plc (LSE: PHTM) operates, sells and services a wide range of instant-service vending equipment, primarily aimed at the consumer market.
The Group operates vending units across 20 countries and its technological innovation is focused on four principal areas:
· Photo.ME - Photobooths and integrated biometric identification solutions
· Wash.ME - Unattended laundry services, launderettes, B2B services
· Print.ME - High-quality digital printing kiosks
· Feed.ME - Vending equipment for the food service market
The Group entered the self-service fresh fruit juice equipment market in April 2019, with the acquisition of Sempa, and the acquisition of SGER (Resto'clock) in June 2021, a French Pizza vending equipment company for the self-service food equipment market. Feed.ME will become a key business area - alongside photobooths and identification (Photo.ME), laundry (Wash.ME), and printing kiosks (Print.ME) - and is a significant part of the Group's future growth strategy.
In addition, the Group operates other vending equipment such as children's rides, amusement machines, and business service equipment.
Whilst the Group both sells and services this equipment, the majority of units are owned, operated and maintained by Photo-Me International plc. The Group pays the site owner a commission based on turnover, which varies depending on the country, location and the type of the machine.
The Group has built long-term relationships with major site owners and its equipment is generally sited in prime locations in areas of high footfall such as supermarkets, shopping malls (indoors and outdoors), public transport hubs, and administration buildings (City Halls, Police etc.). Equipment is maintained and serviced by an established network of 650 field engineers.
The Company's shares have been listed on the London Stock Exchange since 1962.
ME Group is a trademark and trading name of Photo-Me International plc.
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