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Pebble Beach Systems Group PLC - Weybridge, England-based firm provides content management software for broadcasters and video streaming services - Expects ‘modest’ revenue growth of 3% in the first half of 2022. Says orders in the first half were also ‘modestly’ up compared to the previous year after adjusting for Covid-related delays. Adds challenges in the supply of some hardware components continue, leading to some delivery delays. Sees adjusted earnings before interest, tax, depreciation, and amortization margin fall to 26% from 35%.
Company expects full-year to be second-half weighted in terms of revenue and anticipates its adjusted Ebitda margin to return to a more normalised level. Confident in delivering improved revenue during the second half and in achieving market expectations for the full-year.
Half-year results will be published in early September.
Current stock price: 9.55 pence, down 11% in London on Tuesday
12-month change: down 4.5%
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