TIDMPEBB
RNS Number : 8834S
Pebble Group PLC (The)
19 July 2022
19 July 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. The information
is disclosed in accordance with the Company's obligations under
Article 17 of the UK MAR. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
THE PEBBLE GROUP PLC
(the "Group" or the "Company")
TRADING UPDATE
FY 22 expected to exceed market expectations
The Pebble Group plc (AIM: PEBB), a leading provider of digital
commerce, products and related services to the global promotional
products industry, is pleased to provide an update on trading for
the six months to 30 June 2022 ("HY 22" or the "Period").
Trading in HY 22 has been strong. The financial results of
Facilisgroup are anticipated to be in line with the Board's
expectations in its home currency of USD and are ahead of
expectations in GBP, as the Group benefits from a favourable
exchange rate. Brand Addition has traded strongly, with HY 22
performance well ahead of the same period in 2021 and we anticipate
that its results for the year ending 31 December 2022 ("FY 22")
will exceed market expectations.
Despite current inflationary pressures, the Group is pleased to
report that EBITDA margin has been maintained.
While being conscious of the uncertainty surrounding the global
economy, our strong HY 22 performance leads the Board to expect
that the Group's FY 22 results will exceed current market
expectations.
Facilisgroup: providing a digital commerce platform for
promotional products businesses in North America
Partners, for our current Syncore offering, implemented or
contracted and awaiting implementation at 18 July 2022 totalled 216
(31 December 2021: 206).
In the six months to HY 22, Gross Merchandise Value ("GMV") and
spend through our Preferred Suppliers was ahead of the same period
in the prior year by 38% and 54% respectively. Whilst maintaining
this momentum, our goal is to enter 2023 with an increasing
customer base, driven by our new ecommerce solution, Commercio,
launched in early June 2022.
Brand Addition: providing promotional products and related
services under contract to many of the world's most recognisable
brands
At Brand Addition, the excellent revenue growth over prior year
has been generated from new business wins in both 2020 and 2021,
plus the continued growth in demand from existing clients.
Working closely with our supply chain, our teams across Europe,
Asia and North America have improved gross margins compared to the
prior year. We remain focused on sustaining this improvement
through FY 22.
Outlook
With a strong HY 22 performance, the Board expects FY 22 to be
ahead of expectations. We will provide stakeholders with a full
update on the Group's progress in the announcement of our HY 22
Results 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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(END) Dow Jones Newswires
July 19, 2022 02:00 ET (06:00 GMT)
The Pebble (LSE:PEBB)
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The Pebble (LSE:PEBB)
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