ME Group International (LON:MEGP) said it remains on track to meet revised full-year profit expectations after a mixed first half, with growth in its laundry operations offsetting softer photobooth trading and lower equipment sales.
Deputy Chief Executive Officer Vladimir Crasneanscki told investors that performance in the first five months of the 2026 financial year was broadly as expected, but that April saw a slowdown in revenue, “primarily within our photobooth business.” He said the company believed the weakness was largely linked to lower consumer sentiment and reduced travel due to the conflict in the Middle East
Crasneanscki said trading began to normalize in May, with revenue 11.1% higher than in May 2025. However, he added that trading remained below the company’s original budget set at the start of the financial year. The group said it is on track to deliver full-year profit before tax of between GBP 69 million and GBP 74 million, in line with revised expectations.
Laundry Growth Supports First-Half Performance The company, which operates more than 49,000 automated service machines across 16 countries, said laundry remained its fastest-growing and highest-margin business area. Wash.ME vending revenue rose by more than 16% in the first half, while laundry EBITDA increased 21% and delivered an EBITDA margin of 51.2%. ME Group installed nearly 500 laundry machines during the first half and said it remains on track to install 1,300 net Wash.ME machines for the full financial year.