Photo-Me International
Article Abstract:
Photo-Me International suffered a drop in its share price following the release of results for 1995 to 1996 which showed a profit rise of less than expected. The company has been affected by strikes in France and by competition from other firms with less emphasis in service and quality. The company should benefit from legislation in the UK requiring photos on documents such as driving licenses. Greig Middleton's forecast for Photo-Me's profit has been revised downward for 1996 to 1997.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Photo-Me International
Article Abstract:
Photo-Me International has issued a profit warning and profit for 1995 to 1996 could drop by 10% compared with the previous year. The company faces competition for sites and rents are rising. Strikes have affected the rgoup's French operations. Photo-Me's gearing is rising and there will be difficulty in boosting earnings. A new driver's license will be launched in the UK, but the company faces competition in this market, and a limited number of drivers will need the new license.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Vitec: a sharp focus
Article Abstract:
Vitec produces photographic and broadcast equipment and enjoys a monopolistic position in its market. The company acquired Sachtler for 70 million pounds sterling in 1995 and accounts for 80% of the world market in camera supports. Price competition is not likely to be a problem. The company's share price does not reflect its strong position and this is partly because too much weight has been given to the end of tax exemptions in Italy.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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