IN BRIEF: Pebble Group confident of hitting target despite macro worry

Pebble Group PLC - Manchester, England-based provider of products and services to the global promotional products industry - provides an update on trading for the six months to June 30. Says revenue and adjusted earnings before interest, tax, depreciation and amortisation is in line with management's expectations despite currency headwinds on the translation of USD:GBP. To date, there has been no significant effect on revenue from tariffs currently implemented on goods imported into the US, and at this time, the 2025 forecast remains in line with expectations. At Facilisgroup, revenue is expected to be broadly in line while Brand Addition revenue is seen 4% behind the prior year.

"Whilst we remain cautious about the confidence in the broader macro economy, we believe that trading at both businesses currently supports the delivery of FY 25 market expectations. Momentum is building in new partner wins at Facilisgroup, and we continue to closely monitor the development of revenues at Brand Addition. We remain confident in the strengths of the group's businesses to capitalise on the opportunities in the global promotional products market and deliver sustainable earnings growth and shareholder value," company says.

Current stock price: 48.12 pence, closed down 1.8% in London on Thursday

12-month changed: down 18%

By Jeremy Cutler, Alliance News reporter

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