ME GROUP INTERNATIONAL PLC (MEGP) — 2023 Annual Results

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to the ME GROUP INTERNATIONAL PLC Investor Presentation. Company may not be in a position to answer every question it receives during the meeting itself. However, the company can review all questions submitted today and we'll publish those responses where it's appropriate to do so on the Investor Meet company platform. Before we begin, I would like to submit the following poll. And if you could give that your kind attention, I'm sure the company would be most grateful. And I would now like to hand you over to the team from ME GROUP INTERNATIONAL. Vlad, good morning, sir. Good morning. Thank you. So good morning, everyone, and welcome to the ME GROUP twenty twenty three annual results presentation. My name is Vlad Krasnanski. I'm Head of IR and UK Commercial Operations. And alongside me is Stephane Gibbons, Chief Financial Officer. Good morning, everyone. Today, we will start with a run through of the 2023 financial highlights. We will then provide an overview of ME GROUP, the business model and growth strategy, and then we'll talk through the group's financial performance, followed by key operational highlights from the period. Lastly, we'll conclude with a summary of the 2023 performance as well as outlook for 2024. So we're delighted to report a record year for the group with revenue up 14%, EBITDA up 15%, and profits up almost 26% with a strong growth delivered across the business. We also continue to make good progress against our growth strategy and continue to modernize our photobooth estate underpinned by new product and technology innovation. We grew our laundry estate by 16% in terms of unit size, and we became the market leader for photo booths in Japan following a successful acquisition in Japan and continued...