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Pebble Beach Systems Group PLC - Weybridge, England-based firm provides content management software for broadcasters and video streaming services - Expects to report 2022 results in line with market expectations, estimating revenue to reach about £11.2 million, up from £10.6 million last year. Adjusted earnings before interest, tax, depreciation and amortisation is expected to reach about £3.3 million, up slightly from £3.2 million.
‘As expected, the business environment has opened up again with positive engagements at trade shows in the second half of the year leading to an improvement to orders in [the second half] of 2022,’ Pebble Beach explains. Looking ahead, says confident about its future.
In September, Pebble Beach had said revenue for the six months to June 30 was up 2.0% to £5.0 million from £4.9 million a year earlier. Pretax profit, however, was 72% lower at £278,000 from £1.0 million after £257,000 of non-recurring costs.
Current stock price: 8.27 pence, up 3.4% on Tuesday morning in London
12-month change: down 30%
By Xindi Wei, Alliance News reporter
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