News

AGM statement

22 January 2008

At the AGM being held today, the Company will give the following update on trading:

Installation of machines during the six months ended 31 December 2007, after starting slowly, increased during the period and on 31 December 2007 the installed base of transacting machines was 1,820 compared to 1,442 at 30 June 2007, representing an increase of 26% to the installed base.

Transaction revenues for the six month period ended December 2007 were up slightly on each of the six month periods ended 30 June 2007 and 31 December 2006. Despite a greater number of installed machines, transaction volumes per machine were lower following reduced activity levels in some of the outlets where the Company's machines are located. Gross margins improved significantly as a consequence of the increased proportion of placement machines which are owned by the Company and where a greater proportion of the transaction fee is retained.

The Group expects to report on the Interim Results for the 6 months ended 31 December 2007 during March 2008 and which will be the Company's first results to be reported under International Financial Reporting Standards.

 

For further information:

Cashbox PLC
David Auger, Chief Financial Officer
Tel: 01256 441000
Threadneedle Communications
Josh Royston/Graham Herring
Tel: 020 7936 9606
Seymour Pierce
Jonathan Wright
Tel: 020 7107 8000
Fairfax I.S. PLC
Ewan Leggat
Tel: 020 7598 5368

 

Cashbox PLC

Cashbox is a leading independent ATM deployer (IAD) whose estate spans the length and breadth of the UK. Cashbox installs and operates its estate of ATMs, with sites throughout the UK where there is a demand for cash withdrawal services and where customers are willing to pay a convenience fee.

The Company differentiates itself from other UK ATM suppliers by offering the Placement Model, whereby the ATM is purchased by Cashbox under lease hire. The ATM is FREE to the merchant. The machines are replenished by the merchant, eliminating the need for third party cash handling costs. The Company also focuses heavily on post placement marketing backing as well as technical support and service via its in-house 24/7 helpdesk that is supported by a team of Cashbox trained and certified personnel.

Cashbox was granted membership of LINK in March 2004, allowing Cashbox to incorporate its ATMs in the LINK network. Cashbox also has a Bank of England settlement account and became the first IAD in the UK to become completely compliant with the Triple DES security standard in June 2004.

The Company is listed on the AIM market of the London Stock Exchange.


 

 


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