Pebble Group PLC (The) AGM Trading Update and Notice of Results (2602A)
23 Mayo 2023 - 1:00AM
UK Regulatory
TIDMPEBB
RNS Number : 2602A
Pebble Group PLC (The)
23 May 2023
23 May 2023
THE PEBBLE GROUP PLC
("The Pebble Group", or the "Group")
AIM: PEBB, OTCQX: PEBBF
AGM Trading Update and Notice of Results
HY 23 results expected to be ahead of prior year period
Ahead of the Annual General Meeting ("AGM"), which is being held
later today, The Pebble Group announces the following trading
update.
The Group has continued to deliver growth in the year to date,
with revenue and profit for the six months to 30 June 2023 expected
to be ahead of the comparable period in the prior year .
Facilisgroup: providing a digital commerce platform for
promotional products businesses in North America
The positive financial trajectory of Facilisgroup continues as
we progress our ambitions for the business and, in the year to
date, Gross Merchandise Value and Preferred Supplier purchases are
ahead of the same prior year period.
Our progress remains aligned with our strategy which is to scale
Facilisgroup revenues through gaining market share and to introduce
further technology products that widen our addressable customer
numbers. By the end of FY 23, we expect to have developed
technology that offers both order workflow and ecommerce solutions
to the entire market of around 20,000 businesses and $25bn of
product sales. Therefore, from FY 24 we expect to be on a
decreasing trend of capital investment.
Brand Addition: providing promotional products and related
services under contract to many of the world's most recognisable
brands
Brand Addition's order intake in the year to date has been
robust. We believe our target market, of large international
organisations, continues to trend towards closer control of the
quality, provenance and global consistency of their brands when
utilising promotional products. This supports a deepening of our
relationships with existing clients and an increased opportunity
for Brand Addition to attract new client contracts. We continue to
invest in our people and infrastructure, to deliver on clients'
increasingly complex needs and the opportunities this presents as
we further differentiate our market position.
Operationally, our supply chain is well-controlled, and the
gross margins achieved to date in FY23 are ahead of those achieved
in FY 22.
Outlook
The Board remains ambitious for both Facilisgroup and Brand
Addition and we continue to execute on our stated strategies for
our businesses.
We intend to issue the Group's HY 23 Results on 5 September
2023.
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)
Ben Wright / Marie Moy / Arnav Kapoor +44 (0) 20 3207 7800
Belvedere Communications (Financial thepebblegrouppr@belvederepr.com
PR) +44 (0) 7715 769 078
Cat Valentine +44 (0) 7967 816 525
Keeley Clarke
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, 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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