IN BRIEF: ME Group delays release of results; says auditor needs time
ME Group International PLC - Surrey, England-based vending machine operator - Announces delay to the publication of its results for the financial year ended October 31. Says its auditor Forvis Mazars LLP needs more time to finish its audit procedures. Shares in the company are expected to be suspended from listing and trading next week Monday. ME Group anticipates that it will publish its results by March 13. ME Group reconfirms guidance it provided in November. It expects to report revenue at constant currency between GBP311 million and GBP318 million, which would be between 2.1% lower and 0.1% higher than GBP317.8 million a year prior. Pretax profit at constant currency is anticipated between GBP76 million and GBP79 million, between 2.6% and 6.6% higher than GBP74.1 million in financial 2024. Further, ME Group confirms that performance since its financial year 2026 started on November 1 is in line with expectations. The company expects to launch a share buyback programme between GBP15 million and GBP20 million after publication of financial 2025 results. Read More