Business
Final Results 2022
Final Results 2022.
About this update from Pebble Group Plc
[{"type":"text","content":"\n \n \n \n 21 March 2023\n \n \n \n \n \n \n The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 which is part of UK law by virtue of the European Union (withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR.\n \n Upon the publication of this announcement, this inside information is now considered to be in the public domain.\n \n \n \n \n \n \n THE PEBBLE GROUP PLC\n \n \n \n (\"The Pebble Group\", the \"Group\" or the \"Company\")\n \n \n \n \n \n \n AUDITED FULL YEAR RESULTS 2022\n \n \n \n \n Strong performance in 2022 and implementation of dividend policy\n \n \n \n \n \n \n The Pebble Group, a leading provider of digital commerce, products and related services to the global promotional products industry, announces its audited results for the year ended 31 December 2022 (\"FY 22\"), which show strong growth on the prior year and are slightly ahead of market expectations.\n \n \n \n \n \n The strong financial performance delivered in FY 22 has strengthened the Group's balance sheet. This, together with ongoing cash generation, supports our continued investment in high quality strategic opportunities, with the aim of consolidating the Group's leading position in the very large but fragmented global promotional products market. We continued to invest significantly in new product development, during the year, particularly at Facilisgroup in both its technology and sales and marketing. As a result, the Group ended the year with significantly greater capability, resilience and opportunity to scale.\n \n \n \n \n \n \n Financials\n \n \n \n \n \n \n \n \n \n \n \n Statutory results\n \n \n \n \n \n \n FY 22\n \n \n \n \n \n FY 21\n \n \n \n \n Change\n \n \n \n \n \n \n Revenue\n \n \n \n \n \n £134.0m\n \n \n \n \n \n £115.1m\n \n \n \n \n +16%\n \n \n \n \n \n \n Gross profit margin\n \n \n \n \n \n 39.3%\n \n \n \n \n \n 36.5%\n \n \n \n \n +2.8ppt\n \n \n \n \n \n \n Operating profit\n \n \n \n \n \n £10.2m\n \n \n \n \n \n £9.9m\n \n \n \n \n +3%\n \n \n \n \n \n \n Profit before tax\n \n \n \n \n \n £9.7m\n \n \n \n \n \n £9.3m\n \n \n \n \n +4%\n \n \n \n \n \n \n Basic profit per sh...