Pebble Group PLC (The) Trading Update and Notice of Results (5293Y)
17 Enero 2022 - 1:00AM
UK Regulatory
TIDMPEBB
RNS Number : 5293Y
Pebble Group PLC (The)
17 January 2022
17 January 2022
The information communicated within this announcement is deemed
to constitute inside information as stipulated under the Market
Abuse Regulations (EU) No. 596/2014 which is part of UK law by
virtue of the European Union (withdrawal) Act 2018. Upon the
publication of this announcement, this inside information is now
considered to be in the public domain.
THE PEBBLE GROUP PLC
("The Pebble Group," the "Company" or the "Group")
AIM: PEBB
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,
is pleased to announce that following a strong close to the year,
the Company's results for the year ending 31 December 2021 ("FY
21"), which will be announced on Tuesday 22 March 2022, will exceed
market expectations.
As detailed in the trading update announced on 7 December 2021,
both Facilisgroup and Brand Addition traded well throughout FY 21.
Group revenue for FY 21 will be circa GBP115m (FY 20: GBP82.4m, FY
19: GBP107.2m), generating Adjusted EBITDA of not less than GBP15m
(FY 20: GBP9.8m, FY 19: GBP15.2m).
On highly attractive profit margins, Facilisgroup's annual
recurring revenue is expected to be approaching US$17m in FY 21,
being circa 40% ahead of the prior year US$ comparative. Our FY 21
internal milestones were met. Partners implemented, or contracted
and awaiting implementation, at 31 December 2021 were 206 with FY
21 Gross Merchandise Value and spend through our Preferred
Suppliers of US$1.15bn and US$0.35bn respectively.
At Brand Addition, FY 21 revenue is expected to be over GBP100m
(FY 20 GBP72.6m, FY 19 GBP97.9m), which represents an immediate and
full recovery over FY 19 levels following the demand challenges
which impacted revenue in FY 20. This rapid recovery has been
delivered despite the major supply chain disruptions experienced in
2021. Looking ahead, client contracts won in FY 21 have now been
implemented and are expected to contribute to revenue growth in FY
22.
Cash generation was stronger than expected in Q4 21, with net
cash (excluding IFRS 16 liabilities) at 31 December 2021 of
GBP12.1m (31 December 2020: GBP7.1m).
The Group has a focused strategy to invest into accelerating the
scaling of Facilisgroup revenue alongside the continued attraction
and retention of major contracts at Brand Addition. We remain
confident in delivering upon our strategy and look forward to
updating stakeholders further on the announcement of our FY 21
Final Results on 22 March 2022.
Enquires:
The Pebble Group plc
Chris Lee, Chief Executive Officer
Claire Thomson, Chief Financial Officer +44 (0) 7385 024855
Grant Thornton UK LLP (Nominated
Adviser)
Samantha Harrison / Harrison Clarke +44 (0) 20 7184 4384
Berenberg (Corporate Broker)
Chris Bowman / Jen Clarke / Arnav
Kapoor +44 (0) 20 3207 7800
Belvedere Communications (Financial
PR) +44 (0) 7715 769 078
Cat Valentine +44 (0) 7967 816 525
Keeley Clarke thepebblegrouppr@belvederepr.com
About The Pebble Group plc - www.thepebblegroup.com
The Pebble Group is a provider of technology, services and
products to the global promotional products industry, comprising
two differentiated businesses, focused on specific areas of the
promotional products market:
Facilisgroup - www.facilisgroup.com
Facilisgroup focuses on supporting the growth of mid-sized
Promotional Product businesses in North America by providing a
technology platform, which enables those businesses to benefit from
significant business efficiency and gain meaningful supply chain
advantage from the ability to purchase from quality suppliers under
preferred terms.
Brand Addition - www.brandaddition.com
Brand Addition focuses upon providing promotional products and
related services under contract to some of the world's most
recognisable brands. Its largest contracts are valued in the
millions of pounds with the products and services supplied being
used for brand building, customer engagement and employee rewards.
Working in close collaboration with its clients, Brand Addition
designs products and product ranges, hosts client-branded global
web stores and provides international sourcing and distribution
solutions.
We categorise our revenues into two divisions, Corporate
Programmes, that supports our clients' general marketing
activities, and Consumer Promotions, that supports our clients in
driving their own sales volumes.
The Pebble Group aims to act responsibility through effective
management of its Environmental, Social and Governance ("ESG"). To
find out more, read our ESG report - The Pebble Group ESG report
2021 .
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END
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