Pebble Group trades in line despite FX headwinds

(Sharecast News) - Promotional products company The Pebble Group said on Thursday that year-to-date trading was consistent with FY25 expectations despite USD to GBP currency headwinds.

The Pebble Group said both H1 revenue and adjusted underlying earnings were in line with management expectations and highlighted that there has been no "significant effect" on revenues from tariffs currently implemented on goods imported into the US.

At its Facilisgroup business, Pebble Group said revenue was expected to be broadly in line with the prior year, with the group highlighting "improved momentum" in new partner wins and noting that its key forward-looking indicator of gross merchandise value remained "slightly ahead" of the prior year.

Over at its Brand Addition business, revenues were seen roughly 4% behind the prior year but Pebble Group said that total order values for H225 were improving on the prior year, with new contract wins expected to deliver incremental revenues.

"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," said The Pebble Group.

"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."

As of 0955 BST, Pebble Group shares were down 0.71% at 48.65p.

Reporting by Iain Gilbert at Sharecast.com