Results to December 2021 are in line with forecasts upgraded at the January trading update, demonstrating positive revenue (+27% vs FY20) and EBITDA (+23%) growth. Importantly, this has led to free cash flow ahead of expectations, reducing net debt from £7.7m to £5.9m (vs original £6.5mE), with debt facilities renegotiated and extended to September 2024. Recurring revenue £4.6m (43% of group revenue) grew 15%, further supported by order intake growth +75% vs 2020 (from £7.8m to £13.7m), and 17% ....

05 May 2022
Pebble Beach Systems - FY21 results: smooth sailing in line with expectations
Pebble Beach Systems Group PLC (PEB:LON) | 10.0 0 0.0% | Mkt Cap: 12.5m
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Andrew Darley | Kimberley Carstens
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33 pages
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Pebble Beach Systems - FY21 results: smooth sailing in line with expectations
Pebble Beach Systems Group PLC (PEB:LON) | 10.0 0 0.0% | Mkt Cap: 12.5m
- Published:
05 May 2022 -
Author:
Andrew Darley | Kimberley Carstens -
Pages:
33 -
Results to December 2021 are in line with forecasts upgraded at the January trading update, demonstrating positive revenue (+27% vs FY20) and EBITDA (+23%) growth. Importantly, this has led to free cash flow ahead of expectations, reducing net debt from £7.7m to £5.9m (vs original £6.5mE), with debt facilities renegotiated and extended to September 2024. Recurring revenue £4.6m (43% of group revenue) grew 15%, further supported by order intake growth +75% vs 2020 (from £7.8m to £13.7m), and 17% ....