Pebble Beach Systems (GB:PEB) has released an update.
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Pebble Beach Systems Group plc reported a 12% increase in orders for the first half of 2024, driven by higher recurring software revenues, which resulted in an expected revenue of approximately £5.3 million and an adjusted EBITDA of £1.4 million with a margin improvement. Despite a challenging economic environment and working capital delays, the company maintained net debt levels and is optimistic about achieving its yearly targets with a strong order book for the second half of the year.
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