Chairman of Photo Me International Plc, Vernon Sankey announced at the companyâ€™s AGM on the companyâ€™s current trading situation and a strategic review update. Photo Me International is a FTSE 250 digital imaging company.
He announced that the Vending Division had made a â€œsolid start to the yearâ€ in a released statement. He also spoke of the â€œcontinuing roll out of digital kiosksâ€ especially in France and Switzerland that was â€œdelivering encouraging returns.â€
It is expected that the first half will suffer as PMIâ€™s minilab makes the transition from its second generation DKS 15xx to the third generation of DKS 3. However the second half is predicted to be more successful because of the sale of the DKS 3.
Sankey said in a statement, â€œWe are continuing to evaluate a number of opportunities for new product developments in both the wholesale lab and minilab business.â€
The company confirmed that a strategic review was ongoing, but whether this would lead to an offer being made for the company was uncertain.