Publication of Annual Report and Accounts
Source: RNS
1 March 2023
ME Group International plc
("the Company)
Publication of Annual Report and Accounts
The Board of ME Group International plc, the instant-service equipment group, confirms that the Company published its annual report and accounts for the financial year ended 31 October 2022 ("the Annual report") on Tuesday 28 February 2023.
The Annual Report is available on the Company's website at www.me-group.com.
The Annual Report will be posted to those shareholders and persons with information rights who have not chosen to receive electronic communication or communication through the Company's website.
Enquiries:
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ME Group International plc Stéphane Gibon, CFO |
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Hudson Sandler Wendy Baker / Nick Moore |
NOTES TO EDITORS
ME Group International plc (LSE: MEGP) operates, sells and services a wide range of instant-service vending equipment, primarily aimed at the consumer market.
The Group operates vending units across 20 countries and its technological innovation is focused on four principal areas:
· Photo.ME - Photobooths and integrated biometric identification solutions
· Wash.ME - Unattended laundry services and launderettes
· Print.ME - High-quality digital printing kiosks
· Feed.ME - Vending equipment for the food service market
The Group entered the self-service fresh fruit juice equipment market in April 2019, with the acquisition of Sempa, and the acquisition of SGER (Resto'clock) in June 2021, a French Pizza vending equipment company for the self-service food equipment market. Feed.ME will become a key business area - alongside photobooths and identification (Photo.ME), laundry (Wash.ME), and printing kiosks (Print.ME) - and is a significant part of the Group's future growth strategy.
In addition, the Group operates other vending equipment such as children's rides, amusement machines, and business service equipment.
Whilst the Group both sells and services this equipment, the majority of units are owned, operated and maintained by ME Group International plc. The Group pays the site owner a commission based on turnover, which varies depending on the country, location and type of the machine.
The Group has built long-term relationships with major site owners and its equipment is generally sited in prime locations in areas of high footfall such as supermarkets, shopping malls (indoors and outdoors), public transport hubs, and administration buildings (City Halls, Police etc.). Equipment is maintained and serviced by an established network of 650 field engineers.
In August 2022, the Group changed its name from Photo-Me International plc to ME Group International plc to better reflect the Group's diversification focus and business strategy.
ME Group's shares have been listed on the London Stock Exchange since 1962.
For further information: www.me-group.com.
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