PhotoMe – PHTM – Mello Monday 15 February 2016
Gabriel Pirona, Group Finance Director outlines the Photo-Me business.
22,000 photobooths worldwide. Rapidly growing in Japan, where there is a new ID card with photo supplied by Photo-Me.
Expanding into laundrettes, where they make a higher margin. Roll out of 1,000 machines per annum.
Japan is currently driving the photo booth business, as illustrated by the profit upgrade today, 26.2.16. This is the highest growth market.
Future: 3-D pictures to provide even greater security.
Strong balance sheet.
Pays 5% dividend.
A much fuller write up is provided here: http://boards.fool.co.uk/phtm-photo-me-international-mello-flavour-13331410.aspx thanks to RicGains.