Business
AGM Statement
AGM Statement.
About this update from Pebble Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 6430A\n Pebble Group PLC (The)\n 03 June 2021\n \n \n \n \n 3 June 2021 \n \n \n \n \n \n THE PEBBLE GROUP PLC\n \n \n (\"The Pebble Group\", the \"Company\" or the \"Group\")\n \n \n (AIM: PEBB)\n \n \n \n \n \n AGM STATEMENT\n \n \n \n \n \n Ahead of the Annual General Meeting (\"AGM\"), which is being held later today, The Pebble Group announces the following trading update.\n \n \n \n \n \n The Board is pleased to say that the positive start to the new financial year, which was reported in the Group's Final Results 2020 announced on 23 March 2021, has continued, with the business performing well and in line with management expectations.\n \n \n \n \n \n Facilisgroup\n \n \n \n \n \n Facilisgroup is developing as anticipated. Our three key performance measures are making good progress and are on track to meet the management's milestones for FY 21, as set out in our Final Results 2020, being the first step to the aspiration of $50m recurring revenue by the end of 2024.\n \n \n \n \n \n § \n Partner (customer) numbers now total 186 (31 December 2020: 175), with a further 4 contracted and awaiting implementation\n \n \n \n \n \n § \n Gross Merchandise Value (\"GMV\") processed through our technology is in line with our expectation. For the five months to May 2021, GMV is 78% of 2020, a period when a number of our Partners processed a high value of PPE sales. Positively, GMV is 116% of the same period in 2019, an important indicator demonstrating the strong recovery of like-for-like Partner sales together with the increase in our Partner numbers\n \n \n \n \n \n § \n Preferred Supplier purchases made by our Partners have increased and are, as anticipated, moving back towards the pre-COVID-19 percentage levels of 2019 of circa 45%\n \n \n \n \n \n We continue to invest in the team both in terms of numbers and skill sets to ensure that our infrastructure supports our aspirations. This includes the development of our ecommerce platform, allowing for the easy implementation of online stores to existing and new Partners, which remains firmly on track. We will integrate this ecommerce platform into our existing order workflow software in 2021 and launch this product into the wider promotional products market in early 2022.\n \n \n \n \n \n ...