Photo-Me shares rise on strong results

Photo-Me beat expectations and posted a strong trading update with £210m of revenues.

Following the update, shares in the group rose 3.45%. Debt remains high at £65.9m.

In a statement, the group said: “The Group has continued to perform strongly over recent months, despite ongoing macro-economic challenges. Most of its key markets have recovered well and business activity is returning to pre-pandemic levels.

“The Board remains cautious of the macro-economic challenges, which include rising inflationary cost pressures due to the widely reported issues across the supply chain and the ongoing pandemic. The Board will continue to monitor these closely.”

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