Pebble Group PLC (The) AGM Statement and Notice of Results (5024M)
24 Mayo 2022 - 1:00AM
UK Regulatory
TIDMPEBB
RNS Number : 5024M
Pebble Group PLC (The)
24 May 2022
24 May 2022
THE PEBBLE GROUP PLC
("The Pebble Group", or the "Group")
AIM: PEBB
AGM Statement and Notice of Results
Strong year to date performance with HY 22 revenue expected to
be well ahead of prior year
Ahead of the Annual General Meeting ("AGM"), which is being held
later today, The Pebble Group announces the following trading
update.
The Group's performance in the year to date has been strong.
Driven by both new customer acquisition and a continued improvement
in sales from existing customers, revenue in the six months to 30
June 2022 ("HY 22") is expected to be well ahead of the comparable
period in the prior year (HY 21: GBP46.8m) and in line with
management expectations.
Our Group is focused on the circa $50bn global promotional
products industry and aims to establish strong differentiation in
this market to achieve superior growth and margins. We have two
high quality, non-competing businesses, being Facilisgroup and
Brand Addition.
Facilisgroup: providing a digital commerce platform for
promotional products businesses in North America
The positive trajectory of our key performance measures is
driving year on year growth in Annual Recurring Revenue with, to
date, both Gross Merchandise Value and Preferred Supplier purchases
made by our Partners well ahead of the same period in the prior
year. Partner numbers implemented plus contracted and awaiting
implementation now total 214 (31 December 2021: 206).
Our product development programme which is designed to extend
the capabilities of our digital commerce platform continues to
progress. Our ambition is to enter 2023 with an increasing customer
base through the launch, in June 2022, of our ecommerce
solution.
This positive momentum gives us confidence in our strategy to
scale the business and maximise on the opportunities for
Facilisgroup.
Brand Addition: providing promotional products and related
services under contract to many of the world's most recognisable
brands
Brand Addition's order intake to date in 2022 has been positive,
underpinned by a strong performance in the Corporate Programmes
division. As a result, HY 22 revenue is expected to be well ahead
of HY 21.
Our supply chain continues to be well-controlled. Client
deliveries are being managed to agreed schedules and the gross
margins being achieved in 2022 are in line with management
expectations and ahead of those in FY 21.
Outlook
The Board is pleased with the achievements and progress of
Facilisgroup and Brand Addition across all metrics.
We continue to execute on our stated strategies for our
businesses and intend to issue a further trading update to
investors in mid-July ahead of announcing the Group's HY 22 Results
in full on 6 September 2022.
Enquiries:
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
/ Ciara Donnelly +44 (0) 20 7383 5100
Berenberg (Corporate Broker)
Chris Bowman / 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 digital commerce, products and
related services 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
digital commerce 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. The value to our clients is
reflected in the very high retention rates of the business.
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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