(Alliance News) - Pebble Group PLC on Tuesday was confident about its future prospects, as it anticipates first-half revenue and profit above last year's results.
Pebble is a Manchester, England-based technology and services provider to the promotional products industry.
It told investors that it has continued to deliver growth in the year to date, with revenue and profit for the six months to June 30 both expected to be ahead of the same period a year prior.
Last year, Pebble posted first-half pretax profit of GBP2.8 million, up 47% from GBP1.9 million a year before. Revenue climbed 29% to GBP60.3 million from GBP46.8 million.
Pebble said Facilisgroup, an SaaS-based platform provider that it acquired in 2018, has continued on a positive trajectory. By the end of financial 2023, it expects to have developed technology that offers both order workflow and e-commerce solutions to the entire market of around 20,000 businesses, and USD25 billion of product sales.
Brand Addition's order intake in the year to date has also been robust. Pebble said that supply-chain has been well controlled, and gross margins achieved to date are ahead of those achieved last year.
Looking ahead, the firm said that it remained "ambitious for both Facilisgroup and Brand Addition", and continues "to execute on our stated strategies for our businesses".
Pebble will release half-year results on September 5.
Pebble shares were trading 0.4% higher at 100.90 pence each in London on Tuesday morning.
By Holly Beveridge, Alliance News reporter
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