LONDON (ShareCast) - (Sharecast News) - Promotional products-focused software firm Pebble Group said on Thursday that it was "firmly on track" to deliver full-year results in line with market expectations.
Pebble said Facilisgroup, which provides an e-commerce platform to mid-size promotional products businesses in North America, had "performed robustly" throughout Covid-19, with customers increasing from 149 on 31 December to 169, with a further six contracted and awaiting implementation.

Over at the AIM-listed group's Brand Addition division, which provides promotional products and related services, Pebble has seen sales orders continue to improve since September, with two major new clients secured early in the year and sales orders at an average of 70% above those seen a year earlier.

Pebble also highlighted that its balance sheet remained strong, with cash balances of £6.7m, including £1.2m of drawdowns from its £10.0m committed revolving credit facility.

Looking forward, Pebble said Facilisgroup continued to deliver in line with expectations, while current trends in order patterns of Brand Addition's blue-chip client base also gave the company "real confidence" leading to 2021.

"Coupled with a strong balance sheet and the long-term nature of our partner and client relationships, we are confident in managing the group responsibly through the current volatility, meeting market expectations for FY20 and continuing to deliver on the group's strategy in FY21 and beyond," said Pebble.

As of 0935 GMT, Pebble shares had shot up 15.61% to 100.0p.

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