Pebble Group PLC (The) Trading Update and Notice of Results
16 January 2025 - 6:00PM
RNS Regulatory News
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.
Enquiries
|
The Pebble Group
Chris Lee, Chief Executive
Officer
Claire Thomson, Chief Financial
Officer
|
+44 (0) 750 012 4121
|
|
Panmure Liberum (Nominated
Adviser and Broker)
Edward Mansfield
Will King
Josh Moss
|
+44 (0) 20 3100 2000
|
|
Temple Bar Advisory (Financial
PR)
Alex Child-Villiers
Alistair de Kare-Silver
Sam Livingstone
|
+44 (0) 207 183 1190
pebble@templebaradvisory.com
|
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.
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END
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