STOCK TITAN

The Pebble Group PLC Announces AGM Trading Update and Notice of Results

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags

The Pebble Group PLC provided an AGM trading update, maintaining financial performance consistent with the same period in 2023. Strategic progress continues with a share buy-back program planned. Key appointments have been made to strengthen management teams at Facilisgroup and Brand Addition. The company expects to issue its HY 2024 Results in September 2024.

The Pebble Group PLC ha fornito un aggiornamento commerciale dell'AGM, mantenendo una performance finanziaria coerente con lo stesso periodo del 2023. Si continua a fare progressi strategici con un programma di riacquisto di azioni pianificato. Sono stati effettuati importanti incarichi per rafforzare i team di gestione di Facilisgroup e Brand Addition. La società prevede di pubblicare i risultati del primo semestre del 2024 nel settembre 2024.
The Pebble Group PLC proporcionó una actualización comercial de la AGM, manteniendo un rendimiento financiero consistente con el mismo período de 2023. El progreso estratégico continúa con un programa planificado de recompra de acciones. Se han realizado nombramientos clave para fortalecer los equipos de gestión en Facilisgroup y Brand Addition. La empresa espera emitir sus resultados del primer semestre de 2024 en septiembre de 2024.
The Pebble Group PLC는 AGM 거래 업데이트를 제공하여 2023년 동일 기간과 일관된 재무 성과를 유지하고 있습니다. 주식 매입 프로그램이 계획됨에 따라 전략적 진전이 계속되고 있습니다. Facilisgroup 및 Brand Addition의 관리 팀을 강화하기 위해 주요 임명이 이루어졌습니다. 회사는 2024년 상반기 결과를 2024년 9월에 발표할 예정입니다.
The Pebble Group PLC a fourni une mise à jour commerciale de l'AGA, maintenant une performance financière conforme à la même période en 2023. Les progrès stratégiques se poursuivent avec un programme de rachat d'actions prévu. Des nominations clés ont été effectuées pour renforcer les équipes de gestion chez Facilisgroup et Brand Addition. La société prévoit de publier ses résultats du premier semestre 2024 en septembre 2024.
The Pebble Group PLC hat ein Handelsupdate zur AGM bereitgestellt, das eine finanzielle Leistung aufrechterhält, die mit demselben Zeitraum in 2023 übereinstimmt. Der strategische Fortschritt setzt sich mit einem geplanten Aktienrückkaufprogramm fort. Schlüsselernennungen wurden getätigt, um die Managementteams bei Facilisgroup und Brand Addition zu stärken. Das Unternehmen plant, seine Halbjahresergebnisse 2024 im September 2024 zu veröffentlichen.
Positive
  • Financial performance remains consistent with 2023

  • Strategic progress evident with key appointments and share buy-back program

  • Strengthened management teams at Facilisgroup and Brand Addition

Negative
  • None.

Trading in year to date remains in line with expectations with continued strategic progress

Share Buy-Back programme planned to launch imminently

MANCHESTER, UK / ACCESSWIRE / April 30, 2024 / THE PEBBLE GROUP PLC ("The Pebble Group", or the "Group") (AIM:PEBB),(OTCQX:PEBBF)

Ahead of the Annual General Meeting ("AGM"), which is being held later today, The Pebble Group, a leading provider of digital commerce, products and related services to the global promotional products industry, announces the following Trading Update.

Year to date the Group has delivered financial performance consistent with the same period in 2023 and whilst we remain early into the current financial year, trading at Facilisgroup and Brand Addition is progressing in line with the delivery of Full Year 2024 market expectations.

At Facilisgroup, in the year to date, Gross Merchandise Value and Preferred Supplier purchases are ahead of the same prior year period.

At Brand Addition, orders year to date are comparable to the same prior year period and gross margins remain strong.

Alongside the day-to-day business operations, we continue to pursue our stated strategic ambitions. In support of this, we have made key external appointments to strengthen the existing management teams at both of our businesses. At Facilisgroup, we are pleased to have appointed our first Chief Product Officer. This senior appointment brings new expertise to the business, which will enhance delivery of our medium-term strategy. At Brand Addition, we have appointed a Global Marketing Director to evolve the businesses' approach to new client acquisition alongside supporting the development of existing client relationships.

In line with the announcement made on 19 March 2024, the Company is also pleased to report that arrangements are now in place to initiate a share buy-back programme in the Company's Ordinary Shares up to a maximum aggregate consideration of £5.0m. Subject to resolution 15 (purchase of own ordinary shares) as set out in the notice of today's AGM being successfully passed, it is planned that the programme will be launched imminently.

Outlook

Whilst we remain early into the current financial year, trading at Facilisgroup and Brand Addition is progressing in line with the delivery of Full Year 2024 market expectations.

The Board continues to see attractive opportunities for both Facilisgroup and Brand Addition and we remain focused on executing our plan for 2024 and beyond.

The Group expects to issue its HY 2024 Results in September 2024.

Enquiries:

The Pebble Group

Chris Lee, Chief Executive Officer

Claire Thomson, Chief Financial Officer

+44 (0) 750 012 4121

Temple Bar Advisory (Financial PR)

Alex Child-Villiers

Sam Livingstone

+44 (0) 207 183 1190

pebble@templebaradvisory.com

Grant Thornton UK LLP (Nominated Adviser)

Samantha Harrison / Harrison Clarke / Ciara Donnelly

+44 (0) 207 184 4384

Berenberg (Corporate Broker)

Ben Wright / Mark Whitmore / Richard Andrews

+44 (0) 203 207 7800

About The Pebble Group plc - www.thepebblegroup.com

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: The Pebble Group PLC



View the original press release on accesswire.com

FAQ

What is The Pebble Group's stock symbol?

The Pebble Group's stock symbol is PEBBF.

When will The Pebble Group issue its HY 2024 Results?

The Pebble Group expects to issue its HY 2024 Results in September 2024.

What is the focus of The Pebble Group's business?

The Pebble Group is a leading provider of digital commerce, products, and services to the global promotional products industry.

PEBBLE GROUP PLC

OTC:PEBBF

PEBBF Rankings

PEBBF Latest News

PEBBF Stock Data

United States of America