UK's Pebble Beach Systems H1 profit jumps on software licence sales
UK's Pebble Beach Systems H1 profit jumps on software licence sales
Overview
UK broadcast automation software firm's H1 revenue rose 10% year-on-year
Adjusted EPS for H1 nearly doubled, with adjusted profit before tax up 73%
Profit growth driven by timing of high-margin software licence sales
Outlook
Pebble expects to achieve a net cash position by end-2026
Company expects software licence revenue to be a lower proportion in H2, normalising EBITDA margins
Pebble says it is well-positioned to meet full-year forecasts, supported by a strong order book
Result Drivers
SOFTWARE LICENCE SALES - Co said profit growth benefited from favourable timing of high-margin software licence deliveries
RECURRING REVENUE - Recurring revenue rose 6% year-on-year, supported by strong renewal levels and contract expansions
NEW CUSTOMER WINS - Four major new customers signed, including streaming and traditional broadcasters, contributed to order growth
Company press release: ID:nRSI9231Ta
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Adjusted EPS |
| GBP 0.02 |
|
H1 Basic EPS |
| GBP 0.02 |
|
H1 Orders |
| GBP 6.30 mln |
|
H1 Pretax Profit |
| GBP 1.84 mln |
|
H1 Recurring Revenue |
| GBP 8.10 mln |
|
Analyst Coverage
Wall Street's median 12-month price target for Pebble Beach Systems Group PLC is GBp34.00, about 30.8% above its September 8 closing price of GBp26.00
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 12 three months ago
Reuters Recommended Reads
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Sept 8 - Promotional products supplier Pebble Group HY revenue rises on growth across Facilisgroup and Brand Addition
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)