STOCKS NEWS EUROPE-Photo-Me up on EBITDA, debt outlook

Shares in Photo-Me (PHTM.L) rise 11 percent after the photo booth maker reports a 17 percent rise in full-year underlying earnings before interest, tax, depreciation and amortisation (EBITDA), and says it hopes to be "very close to" cash positive next year.

"It's the EBITDA and the outlook on the debt," says analyst Roger Hardman at Hardman and Co.

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Reuters messaging rm://ben.deighton.thomsonreuters.com@reuters.net