Business
Results for the year ended 30 April 2018
Results for the year ended 30 April 2018.
About this update from Me Group International Plc
[{"type":"text","content":"\n \nRNS Number : 0886U Photo-Me International PLC 10 July 2018 \n\n \n10 July 2018\nPHOTO-ME INTERNATIONAL PLC\n(\"Photo-Me\" or \"the Group\")\n \nRESULTS FOR THE YEAR ENDED 30 APRIL 2018\n \nInvestment in Laundry continues to drive growth\n \nPhoto-Me International plc (PHTM.L), the instant-service equipment group, announces its results for the year ended 30 April 2018.\n \nRESULTS HIGHLIGHTS:\n\n\n\n\n \n\n\nReported\n\n\nAt constant currency\n\n\n\n\n \n\n\n2018\n\n\n2017\n\n\nChange\n\n\n20171\n\n\nChange1\n\n\n\n\nRevenue\n\n\n£229.8m\n\n\n£214.7m\n\n\n+7.1%\n\n\n£216.9m\n\n\n+5.9%\n\n\n\n\nEBITDA (excluding associates)\n\n\n£71.0m\n\n\n£69.0m\n\n\n+2.8%\n\n\n£70.4m\n\n\n +1.0%\n\n\n\n\nUnderlying profit before tax2\n\n\n£46.8m\n\n\n£46.6m\n\n\n+0.3%\n\n\n£47.5m\n\n\n -1.6%\n\n\n\n\nReported profit before tax\n\n\n£50.2m\n\n\n£48.0m\n\n\n+4.4%\n\n\n£49.0m\n\n\n +2.5%\n\n\n\n\nProfit after tax\n\n\n£40.3m\n\n\n£35.1m\n\n\n+14.7%\n\n\n \n\n\n \n\n\n\n\nNet cash 3\n\n\n£26.7m\n\n\n£39.2m\n\n\n-31.9%\n\n\n \n\n\n \n\n\n\n\nEarnings per share (diluted)\n\n\n10.60p\n\n\n9.27p\n\n\n+14.2%\n\n\n \n\n\n \n\n\n\n\nTotal dividend per share\n\n\n8.44p\n\n\n7.03p\n\n\n+20.0%\n\n\n \n\n\n \n\n\n\n\n \n12017 trading results of overseas subsidiaries converted at 2018 exchange rates.\n \n2 Underlying profit before tax is 2018 profit before tax adjusted to exclude the gain on the Group's shareholding in Max Sight Group Holdings Limited, the profit on disposal of the former head office building, and restructuring fees relating Photo-Me Retail. 2017 profit before tax is adjusted to exclude the translation reserve taken to profit on disposal of subsidiaries.\n \n3 Refer to note 7 for the reconciliation of Net Cash to Cash and cash equivalents as per the financial statements.\nAll percentage change figures are calculated from actual figures in the financial statements as opposed to the rounded figures included in the above table. \n \nFINANCIAL HIGHLIGHTS \n· Revenues up 7.1% at £229.8 million driven by continued growth in Identification and rapid expansion of Laundry. At constant currency, growth was 5.9%.\n \n· EBI...