Pinewood Technologies’ results for the 13 months to 31 January 2024 confirmed good growth in user numbers, revenue and operating profit for the continuing automotive software business. Our unchanged forecasts (see 6 March research) show strong revenue growth, high margins, and good cash generation over the period to FY26 as the Group executes its accelerated growth plan. As of Tuesday this week, Pinewood’s shares are ex-dividend and a 1-for-20 share consolidation is effective, meaning our discou ....
25 Apr 2024
Pinewood Technologies (PINE LN) - Strong results, growth ahead
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Pinewood Technologies (PINE LN) - Strong results, growth ahead
Pinewood Technologies Group PLC (PINE:LON) | 324 -19.5 (-1.8%) | Mkt Cap: 282.7m
- Published:
25 Apr 2024 -
Author:
Bob Liao, CFA | Carl Smith, CFA -
Pages:
7
Pinewood Technologies’ results for the 13 months to 31 January 2024 confirmed good growth in user numbers, revenue and operating profit for the continuing automotive software business. Our unchanged forecasts (see 6 March research) show strong revenue growth, high margins, and good cash generation over the period to FY26 as the Group executes its accelerated growth plan. As of Tuesday this week, Pinewood’s shares are ex-dividend and a 1-for-20 share consolidation is effective, meaning our discou ....