Me Group International
MEGP · Main Market · Consumer Products and Services · mcap £444m · 112.8p
ME Group installs and runs self-service photobooths, laundry machines (Wash.ME), children's rides and other vending machines in retail sites, mainly in France, the UK and Japan. It earns money from each use of the machines and shares a part with the site owners.
| Target | Promise | Said | Status |
|---|---|---|---|
| 2024 | |||
| 31 Oct 2024 | Asia Pacific revenue up 20-30% in year to October 2024, from the Fujifilm photobooth acquisition | 2 Oct 2023 | … In progress |
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Result
Not yet due. |
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| 31 Oct 2024 | Fujifilm acquisition to add about £2.2m profit before tax in FY 2024 | 2 Oct 2023 | … In progress |
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Result
Not yet due. |
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| 31 Oct 2024 | Install 80-90 Revolution laundry machines per month in FY 2024 | 22 Feb 2024 | ✓ Kept |
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Also stated 15 Jul 2024 · 4 Dec 2024
Result
Management said the 80-90 a month target was being met; 900 machines were installed in FY 2024. “In total a record 1,111 machines (including 211 relocations) were installed across key regions including France and the UK, in line with the Group's target of 80-90 laundry machine installations per month.”4 Dec 2024 · Year-end Trading Update |
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| 31 Oct 2024 | Record profitability and continued revenue and earnings growth in FY 2024 | 22 Feb 2024 | ✓ Kept |
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Also stated 10 Jun 2024 · 15 Jul 2024
Result
FY 2024 revenue £307.9m and profit before tax £73.4m, both records. “Another record year of profitability, with continued margin expansion and execution of the Wash.ME growth strategy”24 Feb 2025 · Annual Results and Publication of Annual Report |
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| 31 Oct 2024 | Deploy a record number of Revolution laundry machines in FY 2024 | 10 Jun 2024 | ✓ Kept |
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Also stated 15 Jul 2024 · 15 Jul 2024
Result
900 installed in FY 2024, and 1,145 net in FY 2025 was described as a record. “on track to deploy a record number of Revolution machines during FY 2024”15 Jul 2024 · Half-year Results “a total of 1,145 net laundry machines installed during FY 2025. This is a record number of installations and represents a 27.2% increase compared to FY 2024 where we installed 900 net laundry machines.”7 Nov 2025 · Year-end Trading Update |
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| 31 Oct 2024 | Install 2,000-2,500 next-generation photobooths by end of FY 2024 | 15 Jul 2024 | … In progress |
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Also stated 15 Jul 2024
Result
Not yet due. |
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| 31 Dec 2024 | Raise next-generation photobooth installations to about 250 a month in 2024 | 30 Nov 2023 | ◐ Partly kept |
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Result
Plan of 2,000-2,500 for FY 2024 equals about 170-210 a month, so the target was lowered; later targets were higher (3,200 in FY 2025). “Rollout of next-generation multi-service photobooths with plans to install 2,000 to 2,500 machines by the end of FY 2024.”15 Jul 2024 · Half-year Results “expect to install 3,200 next-generation photobooths”24 Feb 2025 · Annual Results and Publication of Annual Report |
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| 2025 | |||
| 31 Oct 2025 | Install 1,200 net Revolution laundry machines in FY 2025 | 24 Feb 2025 | ◐ Partly kept |
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Also stated 2 Jun 2025 · 22 Jul 2025
Result
1,145 net installed in FY 2025, just under the 1,200 target. “the Group made further positive progress on its rollout programme across target geographies, with a total of 1,145 net laundry machines installed during FY 2025.”7 Nov 2025 · Year-end Trading Update “Vending revenue from our Wash.ME laundry services, which offer consumers affordable, large-capacity washing machines in convenient locations, grew by 10.2% (+10.6% at constant currency4), with 1,145 net machines added year-on-year, alongside good consumer demand.”23 Mar 2026 · 2025 Annual Results |
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| 31 Oct 2025 | Install 3,200 next-generation photobooths in FY 2025 | 24 Feb 2025 | … In progress |
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Also stated 2 Jun 2025 · 22 Jul 2025
Result
Not yet due. |
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| 31 Oct 2025 | FY 2025 profit before tax of £76m-£80m | 24 Feb 2025 | ✓ Kept |
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Also stated 2 Jun 2025 · 22 Jul 2025
Result
FY 2025 profit before tax was £78.2m, within the range, a record. “Record profit before tax at £78.2 million, up 6.5% (+7.1% at constant currency4)”23 Mar 2026 · 2025 Annual Results “Reported profit before tax increased by 6.5% to £78.2 million (2024: £73.4 million) and at constant currency4 increased by 7.1%.”23 Mar 2026 · 2025 Annual Results |
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| 2026 | |||
| 13 Mar 2026 | Publish FY25 annual report and accounts by 13 March 2026 | 25 Feb 2026 | ✗ Missed |
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Result
Delayed again by the auditor; published on 23 March 2026. “The Company was informed this morning that its 2025 annual report and accounts will be published by 23 March 2026.”12 Mar 2026 · Update-delay in FY25 Audited Financial Statements “On 23 March 2026, the Company will publish its annual report and accounts for the financial year ended 31 October 2025”23 Mar 2026 · 2025 Annual Results |
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| 23 Mar 2026 | Launch £15-20m share buyback shortly after FY25 results | 25 Feb 2026 | ✓ Kept |
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Also stated 26 Feb 2026
Result
An £18m buyback was launched on 23 March 2026, the day the results were published. 23 Mar 2026 · Launch of Share Buyback Programme |
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| Today · 10 Oct 2026 | |||
| 31 Oct 2026 | FY26 year-to-date performance in line with expectations | 12 Mar 2026 | ✗ Missed · target changed |
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Result
June 2026 update put FY 2026 profit guidance of £69m-£74m below earlier expectations. “the Group started FY 2026 in line with expectations, and the operational business continued on this trajectory through the majority of H1 2026. However, during April, the Group experienced a softening in revenue, particularly in the French photobooth and laundry businesses.”1 Jun 2026 · Trading Update “the Board is taking a more cautious view to the full-year outlook, and it now expects FY 2026 profit before tax to be in the range of £69 million to £74 million.”1 Jun 2026 · Trading Update |
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| 31 Oct 2026 | Roll out the Kee.ME key duplication machine in France in the year ahead | 23 Mar 2026 | … In progress |
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Status so far
Not yet due. |
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| 31 Oct 2026 | Install about 1,300 Wash.ME laundry machines in FY 2026 | 9 Apr 2026 | … In progress |
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Also stated 1 Jun 2026 · 13 Jul 2026
Status so far
Not yet due. |
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| 31 Oct 2026 | FY 2026 profit before tax of £69m-£74m | 1 Jun 2026 | … In progress |
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Status so far
Not yet due. |
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| 31 Dec 2026 | Complete £18m share buyback by 31 December 2026 | 23 Mar 2026 | … In progress |
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Status so far
Not yet due. |
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| 2028 | |||
| 20 Jan 2028 | Install at least 200 Revolution laundry machines at Morrisons within three years | 20 Jan 2025 | … In progress |
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Status so far
Not yet due. |
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| 2029 | |||
| 29 Jul 2029 | Install up to 300 laundry machines at Motor Fuel Group UK sites | 29 Jul 2024 | … In progress |
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Status so far
Not yet due. |
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