Business
Half Year Results 2022
Half Year Results 2022.
About this update from Pebble Group Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n 6 September 2022\n \n \n \n \n THE PEBBLE GROUP PLC\n \n \n \n (\"The Pebble Group\" or the \"Group\")\n \n \n \n \n \n \n \n \n UNAUDITED HALF YEAR RESULTS 2022\n \n \n \n \n Record results expected for FY 22\n \n \n \n \n \n \n The Pebble Group (AIM: PEBB), a leading provider of digital commerce, products and related services to the global promotional products industry, announces its unaudited results for the six months ended 30 June 2022 (\"HY 22\" or the \"Period\").\n \n \n \n \n \n Having achieved strong year on year growth in HY 22, the Board is confident that for the year ending 31 December 2022 (\"FY 22\") the Group is expected to deliver another record year of results and will be at least in line with recently upgraded market expectations.\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 HY 22\n \n \n \n \n \n HY 21\n \n \n \n \n Change\n \n \n \n \n FY 21\n \n \n \n \n \n \n Revenue\n \n \n \n \n \n £60.3m\n \n \n \n \n \n £46.8m\n \n \n \n \n +29%\n \n \n \n \n £115.1m\n \n \n \n \n \n \n Gross profit margin\n \n \n \n \n \n 38.5%\n \n \n \n \n \n 36.8%\n \n \n \n \n +1.7%\n \n \n \n \n 36.5%\n \n \n \n \n \n \n Operating profit\n \n \n \n \n \n £3.1m\n \n \n \n \n \n £2.2m\n \n \n \n \n +41%\n \n \n \n \n £9.9m\n \n \n \n \n \n \n Profit before tax\n \n \n \n \n \n £2.8m\n \n \n \n \n \n £1.9m\n \n \n \n \n +47%\n \n \n \n \n £9.3m\n \n \n \n \n \n \n Basic earnings per share\n \n \n \n \n \n 1.27p\n \n \n \n \n \n 0.85p\n \n \n \n \n +49%\n \n \n \n \n 4.39p\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Other financial highlights\n \n \n \n \n \n \n HY 22\n \n \n \n \n \n HY 21\n \n \n \n \n Change\n \n \n \n \n FY 21\n \n \n \n \n \n \n Adjusted EBITDA1\n \n \n \n \n \n £6.7m\n \n \n \n \n \n £4.4m\n \n \n \n \n +52%\n \n \n \n \n £15.4m\n \n \n \n \n \n \n Net (debt) / cash2\n \n \n \n \n \n £(0.1)m\n \n \n \n \n \n £(4.2)m\n \n \n \n \n +£4.1m\n \n \n \n \n £12.1m\n \n \n \n \n \n \n Adjusted basic earnings per share3\n \n \n \n \n \n 1.88p\n \n \n \n \n \n 1.08p\n \n \n \n \n +74%\n \n \n \n \n 5.14p\n \n \n \n \n \n \n \n \n \n \n Highlights and outlook\n \n \n \n \n \n \n \n \n \n \n \n \n ·\n \n \n \n \n Excellent performance against a strong comparative period with Grou...