FY23 trading update for the 12 months to December is slightly ahead of expectations at £12.4m (was £12.0mE) and we upgrade FY24 +4% to £13.4m at improved margins alongside maiden FY25 expectations. Crucially, net debt continues to fall to £4.8m in FY23 (1H23: £5.1m), equivalent to 1.9x EBITDA, which we expect to decline to 0.8x EBITDA at £3.3m in FY24E and just 0.5x EBITDA at £2.3m in FY25E. FY23E revenue of £12.4m +11% yoy (was £12.0mE) delivered an expected H2-weighted year with the benefit to ....
31 Jan 2024
Pebble Beach Systems - Confident double-digit growth in FY23E; positive outlook
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Pebble Beach Systems - Confident double-digit growth in FY23E; positive outlook
Pebble Beach Systems Group PLC (PEB:LON) | 11.2 0 0.0% | Mkt Cap: 14.0m
- Published:
31 Jan 2024 -
Author:
Andrew Darley | Kimberley Carstens -
Pages:
6
FY23 trading update for the 12 months to December is slightly ahead of expectations at £12.4m (was £12.0mE) and we upgrade FY24 +4% to £13.4m at improved margins alongside maiden FY25 expectations. Crucially, net debt continues to fall to £4.8m in FY23 (1H23: £5.1m), equivalent to 1.9x EBITDA, which we expect to decline to 0.8x EBITDA at £3.3m in FY24E and just 0.5x EBITDA at £2.3m in FY25E. FY23E revenue of £12.4m +11% yoy (was £12.0mE) delivered an expected H2-weighted year with the benefit to ....