Photo-Me International plc announced interim management statement for the period from May 1, 2014 to September 12, 2014. For the period, the group reported that the momentum seen in the business last year has continued, with an increase in profitability in the year to date, in line with the group's expectations. For the period in question compared with the same period last year profitability improved in all three geographic regions, with an outstanding performance in Asia, where profits increased by approximately 50%, and very good growth of over 15% in both the UK & Ireland and Europe. At constant rates of exchange, the group increased profits by around 25% on a small improvement in turnover. The relative strength of sterling against the EUR and JPY continued to have a negative effect and reduced group results by around 5% on turnover and profits. The group's net cash position after the payment in May of the previously announced special dividend and the group's interim dividend, together totaling £14 million, as well as ongoing investment in the laundry business remains very strong at over £55 million, little different from the position at the same stage a year ago.

The group has begun the year very well and remains confident for the outlook for the full year 2014.