Business
PRELIMINARY ANNOUNCEMENT
PRELIMINARY ANNOUNCEMENT.
About this update from Me Group International Plc
[{"type":"text","content":"\n \nRNS Number : 7509B Photo-Me International PLC 21 June 2016 \n\n \n \nPHOTO-ME INTERNATIONAL PLC - PRELIMINARY ANNOUNCEMENT\n \nRecord profits - Ordinary dividend increased by 20%, special dividend of £10.6million\n \nPhoto-Me International plc (\"Photo-Me\" or \"the Group\"), the instant-service equipment group, announces its results for the year ended 30 April 2016. \n \nResults highlights:\n \n\n\n\n\n \n\n\n2016†\n\n\n2016\n\n\n2015\n\n\nChange†\n\n\nChange\n\n\n\n\nRevenue\n\n\n£188.4m\n\n\n£184.0m\n\n\n£177.2m\n\n\n+6.3%\n\n\n+3.8%\n\n\n\n\nUnderlying EBITDA*\n\n\n£58.4m\n\n\n£56.7m\n\n\n£51.8m\n\n\n+12.7%\n\n\n+9.5%\n\n\n\n\nUnderlying Pre-tax Profit*\n\n\n£41.3m\n\n\n£40.1m\n\n\n£35.0m\n\n\n+18.0%\n\n\n+14.6%\n\n\n\n\nPBT**\n\n\n£41.3m\n\n\n£40.1m\n\n\n£38.5m\n\n\n+7.3%\n\n\n+4.1%\n\n\n\n\nNet Cash ***\n\n\n \n\n\n£62.4m\n\n\n£60.7m\n\n\n \n\n\n+2.8%\n\n\n\n\nUnderlying EPS (diluted)*\n\n\n \n\n\n7.72p\n\n\n6.70p\n\n\n \n\n\n+15.2%\n\n\n\n\nFinal Ordinary Dividend per Share\n\n\n \n\n\n3.285p\n\n\n2.54p\n\n\n \n\n\n+29.3%\n\n\n\n\nAggregate Annual Ordinary Dividend per share\n\n\n \n\n\n5.86p\n\n\n4.88p\n\n\n \n\n\n+20.1%\n\n\n\n\nSpecial Dividend per share\n\n\n \n\n\n2.815p\n\n\n-\n\n\n \n\n\n \n\n\n\n\n \n† At constant currency (CC)\n Average rates of exchange used: £/€ 1.35 (2015: 1.29) £/Yen 178.08 (2015:177.31)\n* Excluding profit on sale of land of £nil (2015: £3.5m)\n** Including profit on sale of land of £nil (2015: £3.5m)\n***As defined in note 7\n \nFinancial Highlights\n \n· Revenue up +3.8% at £184.0 million and +6.3% at CC \n· Underlying EBITDA 9.5% higher and margin increased to 30.8% \n· Underlying Pre-tax Profit of £40.1 million, up 14.6%\n· Net cash position of £62.4 million \n· Increase of 20% in the annual ordinary dividend \n· Special dividend amounting to £10.6 million\n \n \nOperational Highlights\n \n· Photobooth performance boosted by first stage of My Number programme in Japan\n· Agreement signed with Moneygram for money transfer capabilit...