PensionBee Group PLC ( (GB:PBEE) ) has provided an update.
PensionBee Group plc reported strong financial results for 2024, achieving a 34% increase in Assets under Administration to £5.8 billion and a 39% rise in revenue to £33.2 million. The company reached Adjusted EBITDA breakeven, marking a significant milestone, and narrowed its loss before tax by 71% to £3.1 million. PensionBee expanded its operations into the US, laying the groundwork for future growth through partnerships and product launches. The company aims to continue its growth trajectory by increasing marketing expenditure and enhancing customer experience in 2025.
More about PensionBee Group PLC
PensionBee Group plc is a leading online retirement account provider, primarily operating in the consumer retirement market. The company focuses on making retirement planning straightforward and enjoyable for its customers, with a significant presence in the UK and recent expansion into the US market.
YTD Price Performance: -6.54%
Average Trading Volume: 128,029
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £354.7M
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