Felix Group revisits business model

Felix Group revisits business model
Tags: Bank / Credit Union, Full Service / Turnkey Provider, Multifunction ATMs, North America, Other, Retail / Off-Premises
November 29, 2007

Hemscott: Multifunctional retail-kiosk maker Felix Group PLC says it has begun a detailed review of the viability of the group's business model. The company said the results of its initiatives, including placing trial kiosks with High Street retailers to evaluate the commercial returns and adding applications to the portfolio of Max Boxes with the aim of achieving a near-term break-even position at kiosk contribution level, have been disappointing, particularly when the cost and time of providing central support and marketing are taken into account.