Pebble Beach Systems Group PLC – Order update

Pebble Beach Systems Group PLC – Order update

Pebble Beach Systems Group plc (AIM:PEB), a leading global software business specialising in solutions for playout automation, and content serving customers in the broadcast markets, is pleased to announce two new significant orders which will help underpin the Company’s existing internal forecasts for FY18 and FY19.

An order has been received from a large European commercial broadcaster for its traditional automation and playout technology. The order value is approximately £1m and the project is to be commissioned this month, ready for an on air date in early 2019.

A second order has been received from a European broadcast service provider. This order, also with a value of approximately £1m, is for their new, state of the art, IP-based facility which is currently under construction in Zürich. The contract is expected to be finalised in the first part of November, and the new facility is scheduled to open in the autumn of 2019.

The company remains on track to deliver improved profitability as a direct result of the restructure undertaken throughout 2017 and H1 2018.

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