News
Interim Results for the six months ended 31st December 2007
27 March 2008
Cashbox (AIM:CBOX), the independent Automated Teller Machine ("ATM") installer and operator, announces its interim results for the six months ended 31 December 2007 (H1 07/08).
H1 07/08 6m ended 31 Dec 07 unaudited |
H2 06/07 6m ended 30 Jun 07 unaudited |
H1 06/07 6m ended 31 Dec 06 unaudited |
|
| Machines installed at period end | 1,820 |
1,442 |
1,245 |
| Turnover £ 000 | 2,271 |
2,137 |
2,243 |
| Gross Margin % | 36% |
27% |
26% |
| EBITDA * † £ 000 | (1,119) |
(2,199) |
(1,311) |
| Loss before exceptionals* £ 000 | (1,609) |
(2,431) |
(1,625) |
| Loss after exceptionals £ 000 | (1,609) |
(5,116) |
(1,625) |
| Loss per share before exceptionals (p)* | (1.9)p
|
(3.7)p |
(2.6)p |
| Loss per share after exceptionals (p) | (1.9)p
|
(7.9)p |
(2.6)p |
| Net debt † (£000) | 5,022
|
1,340
|
2,204
|
* before exceptional items in H2 06/07 of £2,000,000 relating to settlement of litigation and £685,000 lease termination penalties.
† A non GAAP measure, these are defined in note 14.
Highlights
• |
Installed machines reach 1,820 |
| • | Transaction revenues increased by 5% over H2 and 15% over H1 06/07 |
| • | Gross profits increased and gross margin improved to 36% |
| • | Losses measured by EBITDA, operating loss, loss for the period, and loss per share all improved |
| • | Hanco litigation settled in October 2007 at a cost of £1.8m bringing the total settlement to £2.0m. |
• |
New funding of £1.0m in December 2007 |
The full results are available to view and download in PDF.
For further information:
Cashbox plc |
|
David Auger, Chief Financial Officer |
Tel: +44 (0) 1256 441 000 |
dauger@cashboxplc.co.uk |
Seymour Pierce Limited |
|
Jonathan Wright |
Tel: +44 (0) 20 7107 8000 |
|
Fairfax I.S. PLC |
|
Ewan Leggat |
Tel: +44 (0) 20 7598 5368 |
|
www.fairfaxplc.com |
Media enquiries:
Threadneedle Communications |
|
Josh Royston / Graham Herring |
Tel: +44 (0) 20 7936 9606 |
|
www.threadneedlepr.co.uk |
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