Pebble Group PLC
LSE:PEBB
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Pebble Group PLC
The Pebble Group Plc engages in the manufacture of promotional products. The firm is focused on two differentiated businesses: Brand Addition and Facilisgroup. Brand Addition is a provider of promotional products to global brands. The company utilizes its global network and technology infrastructure and systems to source and deliver promotional product solutions. Brand Addition designs and manages the sampling process and sources compliant, ethically manufactured products, predominantly through China, Europe and North America. Facilisgroup provides technology solutions to Small and mid-size enterprise (SME) promotional product distributors in the United States and Canada. Facilisgroup’s @ease software, developed in-house, is provided as an end-to-end software as a service (SaaS) business platform. The @ease SaaS system provides tools for business management and analysis.
The Pebble Group Plc engages in the manufacture of promotional products. The firm is focused on two differentiated businesses: Brand Addition and Facilisgroup. Brand Addition is a provider of promotional products to global brands. The company utilizes its global network and technology infrastructure and systems to source and deliver promotional product solutions. Brand Addition designs and manages the sampling process and sources compliant, ethically manufactured products, predominantly through China, Europe and North America. Facilisgroup provides technology solutions to Small and mid-size enterprise (SME) promotional product distributors in the United States and Canada. Facilisgroup’s @ease software, developed in-house, is provided as an end-to-end software as a service (SaaS) business platform. The @ease SaaS system provides tools for business management and analysis.
Revenue Performance: Pebble Group reported a robust first half despite a difficult market, with revenue slightly down due to cautious corporate spending but offset by new client wins.
Facilisgroup Growth Investment: Increased investment in Facilisgroup is starting to generate positive signs, with a 50% increase in new partner wins and ongoing momentum expected into the second half.
Brand Addition Stability: Brand Addition maintained strong client retention and margin discipline, and the pipeline for new contracts is growing, supporting expectations for full-year revenue in line with last year.
Cash Generation & Returns: The group continued to generate strong cash flow, returning GBP 11.7 million to shareholders through dividends and buybacks, and is considering further investment in organic growth.
Margin Outlook: Brand Addition's margin has improved and is expected to remain stable at its current level, with no further step changes anticipated.
Guidance Maintained: Management reaffirmed full-year revenue guidance, emphasizing confidence in reaching the target based on current order patterns and client behaviors.
