26th Nov 2020 11:53
(Alliance News) - Pebble Group PLC on Thursday said it is firmly on track to deliver good financial year results with both its divisions performing well and showing good customer retention.
The Manchester-based promotional products-focused software firm said its e-commerce platform provider Facilisgroup has performed "robustly" throughout the Covid-19 pandemic.
The division's partners have increased to 169, up from 149 partners at December 31, 2019, with a further six contracted and awaiting implementation.
"Sales order patterns of partners are returning to pre-pandemic average order values and order numbers, in contrast to the second quarter of 2020 which included large PPE sales. We see this as encouraging for the prospects of our Partners and the promotional products industry in 2021," Pebble Group said.
Brand Addition, the division which provides promotional products and related services, saw sales order patterns improve since September.
To date in the second half ending December 31, sales orders have averaged above 70% of the prior year, with current activity indicating positive momentum into 2021, Pebble Group said.
"We believe this demonstrates the inherent strength of our clients' businesses and their appetite for our products and services," Pebble Group said.
The company noted that environmental, social and governance considerations have become more important in the decision-making processes of its global clients.
Pebble Group said it is confident going forward with acquisitions on the horizon for Facilisgroup and good order pattern trends for Brand Addition.
Pebble Group shares were up 16% at 100.00 pence each in London on Thursday midday.
By Greg Roxburgh; [email protected]
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