30th Jan 2009 14:00
Cashbox plc
("Company")
AGM statement
At the AGM today, the Company will provide the following update on trading:
As at 31 December 2008, the installed base of transacting machines was 2,838 compared to 2,045 at 30 June 2008, with sufficient ATM stock in warehouse to meet installation requirements for the remainder of the financial year. The increase in machine numbers is essentially attributable to the acquisitions that took place during the second half of 2008. The integration of these machines on to the Cashbox platform is proceeding speedily and as a consequence of this the Directors expect that there will be an improvement in the gross margin of the business.
Transaction revenues for the six month period ended December 2008 were up on each of the six month periods ended 30 June 2008 and 31 December 2007.
The operating costs of the core business have been maintained at the same level as the prior twelve months and are likely to be below this level for the year as a whole.
The Company continues to seek further acquisition targets although the Directors acknowledge that raising of further equity and/or debt capital may prove challenging in the current economic climate.
The Group expects to announce its Interim Results for the six months ended 31 December 2008 during March 2009.
For further information:
Cashbox PLC 01256 441000
David Auger, CFO
Threadneedle Communications 020 653 9850
Josh Royston/Graham Herring
Seymour Pierce 020 7107 8000
Jonathan Wright
Fairfax I.S. PLC 020 7598 5368
Ewan Leggat
Related Shares:
Cake Box Holdi.