Pinewood Technologies Group PLC (OTCPK:PDGNF)

$ 4.14 0 (0%) Market Cap: 377.17 Mil Enterprise Value: 362.95 Mil PE Ratio: 60.18 PB Ratio: 8.01 GF Score: 71/100

Half Year 2024 Pinewood Technologies Group PLC Earnings Call Transcript

Oct 02, 2024 / 08:00AM GMT

Release Date Price: $5

Transcript

William Berman

Good morning, everyone, and welcome to the Pinewood H1 FY24 Results Presentation. I am Bill Berman, and with me today is the group's CFO and my partner, Ollie Mann. I will begin with a short summary and a reminder of the Pinewood business model. Ollie will then take you through the financials for the first half of FY24 before I run through an operational review and strategic summary.

If there are any questions, we'll be happy to take these at the end of the presentation. In the first half of FY24, we had a great start as a stand-alone SaaS business, achieving double-digit growth in both revenue and gross profit. The priority for us in the first six-month period has been the system rollout in the EX-Jardine Motor Group, Lithia UK stores. Based on our customer feedback, we are happy that these have been best-in-class system implementations.

Our teams have really excelled and gone the extra mile trying to make the implementations at every Lithia dealer a seamless and positive experience. We expect to conclude the rollout to Lithia UK stores in December of 2024. We are keen to

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