Pebble Beach Systems Group PLC Trading update (9874W)

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RNS Number : 9874W

Pebble Beach Systems Group PLC

07 August 2018

Pebble Beach Systems Group plc

(the "Company")

Post-close trading update

Pebble Beach Systems Group plc, a leading global software business specialising in solutions for playout automation and content serving customers in the broadcast markets, today announces a trading update ahead of the publication of its interim results later this month.

The Company is expected to achieve H1 revenue of around GBP3.9 million (2017 H1: GBP4.6 million) despite unsettled market conditions during this period of technology and commercial transition, coupled with delayed timing of order intake in H1 2018.

The Board is confident of improvements in H2, with an increased backlog of GBP4.7 million at 30 June 2018 and a growing pipeline, bringing the full year revenues marginally below FY17.

The Company fully expects to deliver improved profitability as a direct result of the restructure undertaken throughout 2017 and H1 2018.

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For further information please contact:

 
                                        [phone] 
 John Varney, Non-Executive Chairman     36 02 
 
 Shaun Dobson / James White             [phone] 
  N+1 Singer                             30 00 
 

The Company is quoted on the LSE AIM market (PEB.L). More information can be found at www.pebbleplc.com.

About Pebble Beach Systems

Pebble Beach Systems is a world leader in automation, channel in a box, integrated and virtualised playout technology, with scalable products designed for highly efficient multichannel transmission as well as complex news and sports television. Installed in more than 70 countries and with proven systems ranging from single up to over 150 channels in operation, Pebble Beach Systems offers open, flexible systems, which encompass ingest and playout automation, and complex file-based workflows. The company trades in the US as Pebble Broadcast Systems.

Forward-looking statements

Certain statements in this announcement are forward-looking. Although the Group believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to be correct. Because these statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by these forward-looking statements. The Group undertakes no obligation to update any forward-looking statements whether as a result of new information, future events or otherwise. Nothing in this announcement should be construed as a profit forecast.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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August 07, 2018 02:00 ET (06:00 GMT)