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Pebble Group PLC on Tuesday said it expects its annual outturn to top market expectations, helped by a strong first half.
The Manchester, England-based technology and services provider for the promotional products industry also expects its earnings before interest, tax, depreciation and amortisation margin for 2022 to be ‘maintained’, despite inflationary pressure.
Facilisgroup, Pebble's digital commerce platform provider in the US, has traded well in the first half ended June 30. Yearly results there are expected to be in line with forecasts in dollar terms, but ahead in sterling terms due to a favourable exchange rate for the unit.
The Brand Addition, meanwhile, will achieve results ahead of market expectations for 2022. Brand Addition provides promotional products and services under contract.
‘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,’ Pebble said.
Shares were up 3.5% at 95.20 pence in London on Tuesday.
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