Laundry Becoming more Material
Interim results show the positive impact of Photo-Me’s targeted investment and strategic focus on expanding the Laundry business. This will continue to drive growth and become an increasingly significant proportion of revenues. The Group is also commencing the roll out of e-passport photo booths in the UK, following agreement with HMPO, and is progressing with the development of banking booths. A commitment to investment in innovation, driving profitability in the existing estate, strong cash generation and an attractive dividend yield all underpin valuation.