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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Photo-me International Plc | LSE:PHTM | London | Ordinary Share | GB0008481250 | ORD 0.5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 107.00 | 107.00 | 107.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:2605P Photo-Me International PLC 02 September 2003 PHOTO-ME INTERNATIONAL PLC Positive Trading Update Following completion of its first quarter's accounts, PMI, the world's leading operator of photobooths and a significant manufacturer of digital photoprocessing equipment, now anticipates that its results for the year ending 30 April 2004 will be substantially ahead of market expectations. This reflects the Board's increasing confidence, since the Preliminary Announcement of 30 June 2003, in improved trading by both PMI's businesses - Operations and Manufacturing. *Operations in France are trading strongly whilst those in the UK and Japan are set to recover well, as predicted in the Preliminary Announcement. *With regard to Manufacturing, the agreement with Flextronics International Ltd, announced on 18 July 2003, will permit output from PMI's factory in Grenoble to be supplemented by lower cost units manufactured in Poland with effect from the end of this calendar year; the volume manufacturing process at Grenoble has continued to improve; demand for minilabs continues to exceed supply; and the early success of PMI's April 2003 re-launch of Gretag's high volume "central lab" business has been sustained. A further trading update will be given on Wednesday 5 November 2003, the day of PMI's AGM. Notes for Editors PMI's range of digital minilabs comprises the award-winning DKS 1500, the DKS 750 and the DKS 550, which are capable of 1,500, 750 and 550 prints an hour respectively, covering 95% of the market, together with the System 89 and System 88 variants for Kodak. PMI's digital minilabs will replace analogue minilabs, which are incapable of processing digital photographs - a fast increasing proportion of the market - and are inferior at processing non-digital photographs. Volume production of the DKS 1500 and System 89, which are the top-of-the-range models as well as the largest sellers, started in Grenoble in December 2002 and roll-out has gradually been increased. Enquiries: Photo-Me International plc 01372-453 399 Vernon Sankey (Deputy Chairman) 01372-455 544 Serge Crasnianski (Chief Executive Officer) 00336-11 95 63 63 Bankside Consultants Limited Charles Ponsonby 020-7444 4166 This information is provided by RNS The company news service from the London Stock Exchange END TSTUUUCPBUPWGMG
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