The Pebble Group, a leading provider of digital commerce and related services in the promotional products industry, released a trading update ahead of its Half-Year Results. The Groups financial performance for the first half of 2024 is expected to be in line with the previous year, with Group Revenue and Adjusted EBITDA remaining steady. The working capital cycle is well-managed, and the Group has made cash distributions through dividends and share buybacks. Facilisgroup, their North American business, maintained its strong Adjusted EBITDA margins, while Brand Addition, their promotional products business, recovered well with positive client retention. The Group is closely monitoring sales activity but remains on track to meet full-year market expectations. The Pebble Group continues its share buyback program and will provide updates on strategic progress and trading results in September.
| Year | Group Revenue | Adjusted EBITDA | Net Cash | GMV | Spend through Preferred Suppliers |
|---|
| HY 24 | Broadly in line with HY 23 | Broadly in line with HY 23 | ยฃ4.9m | Slightly ahead of HY 23 | Slightly ahead of HY 23 |
| HY 23 | N/A | N/A | ยฃ4.2m | N/A | N/A |
| 2023 Full Year | N/A | N/A | ยฃ15.9m (as of 31 Dec 2023) | N/A | N/A |
Note: HY refers to the first half of the financial year (six months ending 30 June). Based on the provided text, the table compares the financial and debt position of The Pebble Group year-on-year. The table includes metrics such as Group Revenue, Adjusted EBITDA, Net Cash, Gross Merchandise Value (GMV), and Spend through Preferred Suppliers.