Half Year 2024 Pebble Group PLC Earnings Call Transcript
Key Points
- Pebble Group PLC (LSE:PEBB) has a strong cash position and is debt-free, which supports its financial stability.
- The company has a global footprint with established operations in North America, Europe, and Asia, enhancing its market reach.
- Facilisgroup, a key part of the business, has shown a 15% CAGR since listing, with high EBITDA margins of 47%.
- Brand Addition has demonstrated excellent client retention and improved gross margins, moving from 33% to 35%.
- The company has increased shareholder returns through dividends and share buybacks, reflecting its cash-generative nature.
- EBITDA has remained flat year-on-year, indicating limited growth in profitability.
- The company faced a tough second half in 2023, with some customers reducing their spending.
- Revenue has slightly decreased, attributed to challenging comparisons from the previous year.
- There is a noted slowdown in decision-making for new client acquisitions in Brand Addition.
- The company has experienced attrition in its Facilisgroup partners, although efforts are being made to improve partner quality.
Good morning, everybody, and welcome to the half year results for '24 for the Pebble Group. My name is Chris Lee, I have Claire Thomson with me as a Chairman, sort of CFO and I'm the Chief Exec. We're going to talk through this presentation, hopefully, in around about sort of 20, 25 minutes. It is on our website as well.
If you care to sort of follow through there. And if you want to ask any questions at the end, please sort of raise your hand through the teams and then that will be controlled by Lucy Penfold at the end, who is our Group General Counsel and Company Secretary. And so we'll go straight into it. So I say, myself and Claire, we've been here quite a while. I think 20-something years for myself, and about sort of 16, 17 for Claire.
So another business well and very much sort of built in our image. In terms of what we do, we're in the promotional product sector and is a very large sector on a global basis, around about $50 billion. And why that is, this is because any company of any size, any
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
