Pebble Group PLC (The) Trading Update and Notice of Results (0764A)
18 Enero 2024 - 1:00AM
UK Regulatory
TIDMPEBB
RNS Number : 0764A
Pebble Group PLC (The)
18 January 2024
18 January 2024
THE PEBBLE GROUP PLC
("The Pebble Group" or the "Group")
Trading Update and Notice of Results
The Board of The Pebble Group, a leading provider of technology,
services and products to the global promotional products industry,
announces that the Group's results for the year ending 31 December
2023 ("FY 23"), which will be published on Tuesday 19 March 2024,
are expected to be in line with current market expectations
following the Trading Update made on 22 November 2023.
Group revenue will be circa GBP124m (FY 22: GBP134.0m), which is
expected to generate Adjusted EBITDA at circa GBP16m (FY 22:
GBP18.0m).
Cash generation was slightly ahead of expectations, with Group
net cash (excluding IFRS 16 liabilities) at 31 December 2023 of
GBP15.9m (31 December 2022: GBP15.1m).
Facilisgroup has continued to deliver highly attractive profit
margins with EBITDA margins expected to be at circa 50% for FY 23
and revenue expected to be over USD22m (FY 22: USD20.4m).
Brand Addition revenue is expected to be circa GBP106m (FY 22:
GBP117.4m) delivered on increased gross margins compared to 2022.
This decrease in revenue has been driven principally by the spend
of our Technology and Consumer clients, whilst revenue from our
Engineering and Transport sector clients has been more robust.
Client retention continues to be high.
Both of our businesses remain strong financially, are
differentiated within their respective markets and have a clear
strategic plan. Our balance sheet is robust and we will update
stakeholders on the start of 2024 trading alongside the
announcement of our FY 23 Final Results.
Enquiries:
The Pebble Group Temple Bar Advisory (Financial
Chris Lee, Chief Executive Officer PR)
Claire Thomson, Chief Financial Alex Child-Villiers
Officer Sam Livingstone
+44 (0) 750 012 4121 +44 (0) 207 183 1190
pebble@templebaradvisory.com
Grant Thornton UK LLP (Nominated Berenberg (Corporate Broker)
Adviser) Ben Wright / Marie Moy / Mollie
Samantha Harrison / Harrison Clarke D'Arcy Rice
/ Ciara Donnelly +44 (0) 203 207 7800
+44 (0) 207 184 4384
About The Pebble Group
The Pebble Group is a provider of digital commerce, products and
related services to the global promotional products industry,
comprising two differentiated businesses, Facilisgroup and Brand
Addition, focused on specific areas of the promotional products
market. For further information, please visit
www.thepebblegroup.com .
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END
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