Pebble Group (The) - AGM Trading Update and Notice of Results
23/05/2023 07:00
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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 +44 (0) 7385 024855
Chris Lee, Chief Executive Officer
Claire Thomson, Chief Financial Officer
Grant Thornton UK LLP (Nominated Adviser) +44 (0) 20 7383 5100
Samantha Harrison / Harrison Clarke / Ciara Donnelly
Berenberg (Corporate Broker) +44 (0) 20 3207 7800
Ben Wright / Marie Moy / Arnav Kapoor
Belvedere Communications (Financial PR) thepebblegrouppr@belvederepr.com (mailto:thepebblegrouppr@belvederepr.com)
Cat Valentine +44 (0) 7715 769 078
Keeley Clarke +44 (0) 7967 816 525
About The Pebble Group plc - www.thepebblegroup.com
(http://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 (http://www.thepebblegroup.com) .
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