Pinewood Technologies has announced its results for the eleven months to December 2024 showing a strong first period as a standalone automotive technology company. Group revenue and the user base have both grown strongly, whilst investment has set the foundations to deliver further expansion. Recent contract wins with major UK dealer groups and the acquisition of Seez underpin the growth in our unchanged forecasts. We think Pinewood is attractively valued on EV/EBITDA multiples of 16.1x FY25 and ....
