Business
Results for the year ended 30 April 2017
Results for the year ended 30 April 2017.
About this update from Me Group International Plc
[{"type":"text","content":"\n \nRNS Number : 2511J Photo-Me International PLC 27 June 2017 \n\n \n \n27 June 2017\nPHOTO-ME INTERNATIONAL PLC\n(\"Photo-Me\" or \"the Group\")\n \nRESULTS FOR THE YEAR ENDED 30 APRIL 2017\n \nRecord profits at £48m and fourth consecutive year of double-digit earnings growth\n \nPhoto-Me International plc (PHTM.L), the instant service equipment group, announces its results for the year ended 30 April 2017.\n \nRESULTS HIGHLIGHTS:\n \n\n\n\n\n \n\n\nReported\n\n\nAt constant currency\n\n\n\n\n \n\n\n2017\n\n\n2016\n\n\nChange\n\n\n20171\n\n\nChange1\n\n\n\n\nRevenue\n\n\n£214.7m\n\n\n£184.0m\n\n\n+16.7%\n\n\n£190.0m\n\n\n+3.3%\n\n\n\n\nEBITDA\n\n\n£69.2m\n\n\n£56.7m\n\n\n+22.0%\n\n\n£60.4m\n\n\n+6.5%\n\n\n\n\nProfit Before Tax\n\n\n£48.0m\n\n\n£40.1m\n\n\n+19.7%\n\n\n£41.8m\n\n\n+4.2%\n\n\n\n\nNet Cash \n\n\n£39.2m\n\n\n£62.4m\n\n\n-37.2%\n\n\n \n\n\n \n\n\n\n\nEPS (diluted)\n\n\n9.27p\n\n\n7.72p\n\n\n+20.1%\n\n\n \n\n\n \n\n\n\n\nTotal dividend per share\n\n\n7.03p\n\n\n5.86p\n\n\n+20.0%\n\n\n \n\n\n \n\n\n\n\n \n1 For constant currency comparatives, average rates of exchange used were £/€ 1.18 (2016: 1.35), £/Yen 140 (2016: 178)\n \n \nFINANCIAL HIGHLIGHTS\n \n· Revenues up +16.7% at £214.7m and by 3.3% at constant currency \n· EBITDA increased by 22% and margin expanded to 32.2% (+140bpts)\n· Record PBT of £48m, up +19.7% and +4.2% at constant currency, PBT margin expanded to 22.4% as percentage of sales\n· Net cash position of £39.2m after distribution of £32.6m dividends and investments in future growth of £40.9m\n· Total Ordinary dividend increased by 20% to 7.03p\n \n \nOPERATIONAL HIGHLIGHTS\n \n· Continued good performance from Identification and laundry businesses \n \n· Further progress in deployment of ID security technology\no ANTS upgrades in France\no Rollout of encrypted photo ID upload technology under way in Ireland \no Commenced progressive rollout of secure and direct data transfer technologies in photobooths in Germany\n \n· Expansion of laundry business continued...