REG - Pebble Group (The) - Trading Update and Notice of Results

PebbleAnnouncement

16/01/2025 07:00

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RNS Number : 5030T  Pebble Group PLC (The)  16 January 2025

16 January 2025

THE PEBBLE GROUP PLC

("The Pebble Group" or the "Group")

 

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 the Group's results for the year ending 31 December 2024 ("FY 24"), which
will be published on Tuesday 18 March 2025, are expected to be in line with
market expectations.

Group revenue will be circa £125m (FY 23: £124.2m) as our products and
services continue to resonate well with our clients and Partners.
Facilisgroup's highly attractive EBITDA margins were maintained alongside
improved gross margins at Brand Addition. As a result, the Group is expected
to deliver Adjusted EBITDA of not less than £16.5m (FY 23: £16.0m). This
improvement in the margin translates to Operating Profit which is expected to
be around £8.4m (FY 23: £8.0m).

Cash generation was slightly ahead of expectations, with Group net cash
(excluding IFRS 16 liabilities) at 31 December 2024 of £16.5m (31 December
2023: £15.9m). This was achieved following cash distributions of £3.4m in FY
24 (FY 23: £1.0m) through the dividend (£2.0m) and ongoing Share Buyback
Programme (£1.4m).

At our FY 24 Results announcement, we will provide detail on the progress of
our strategy to take advantage of the opportunities in the global promotional
products market through our well-capitalised balance sheet and two strong,
differentiated businesses and deliver long-term shareholder value.

Details of webcast for analysts and institutional investors

The management team will host a presentation for analysts and institutional
investors at 8am (UK) on the day of the results. To register, please contact
pebble@templebaradvisory.com (mailto:pebble@templebaradvisory.com) .

 

 

Enquiries

 

 The Pebble Group                                 +44 (0) 750 012 4121

 Chris Lee, Chief Executive Officer

 Claire Thomson, Chief Financial Officer
 Panmure Liberum (Nominated Adviser and Broker)   +44 (0) 20 3100 2000

 Edward Mansfield

 Will King

 Josh Moss
 Temple Bar Advisory (Financial PR)               +44 (0) 207 183 1190

 Alex Child-Villiers                              pebble@templebaradvisory.com (mailto:pebble@templebaradvisory.com)

 Alistair de Kare-Silver

 Sam Livingstone

 

About The Pebble Group

 

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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