Business
Trading Update
Trading Update.
About this update from Pebble Group Plc
[{"type":"text","content":"\n \n \n \n 19 July 2022\n \n \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 \"Group\" or the \"Company\")\n \n \n \n \n \n \n TRADING UPDATE\n \n \n \n \n FY 22 expected to exceed market expectations\n \n \n \n \n \n \n \n \n The Pebble Group plc (AIM: PEBB), a leading provider of digital commerce, products and related services to the global promotional products industry, is pleased to provide an update on trading for the six months to 30 June 2022 (\"HY 22\" or the \"Period\").\n \n \n \n \n \n Trading in HY 22 has been strong. The financial results of Facilisgroup are anticipated to be in line with the Board's expectations in its home currency of USD and are ahead of expectations in GBP, as the Group benefits from a favourable exchange rate. Brand Addition has traded strongly, with HY 22 performance well ahead of the same period in 2021 and we anticipate that its results for the year ending 31 December 2022 (\"FY 22\") will exceed market expectations.\n \n \n \n \n \n Despite current inflationary pressures, the Group is pleased to report that EBITDA margin has been maintained.\n \n \n \n \n \n While being conscious of the uncertainty surrounding the global economy, our strong HY 22 performance leads the Board to expect that the Group's FY 22 results will exceed current market expectations.\n \n \n \n \n \n \n \n \n Facilisgroup: providing a digital commerce platform for promotional products businesses in North America\n \n \n \n \n \n \n Partners, for our current Syncore offering, implemented or contracted and awaiting implementation at 18 July 2022 totalled 216 (31 December 2021: 206).\n \n \n \n \n \n In the six months to HY 22, Gross Merchandise Value (\"GMV\") and spend through our Preferred Suppliers was ahead of the same period in the prior year by 38% and 54% ...