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Pinewood Technologies Reports Strong FY24 Results and Strategic Growth Initiatives

Story Highlights
  • Pinewood Technologies achieved strong financial results with successful UK system rollout.
  • Major contracts and acquisitions enhance Pinewood’s market position and growth prospects.
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Pinewood Technologies Reports Strong FY24 Results and Strategic Growth Initiatives

Pinewood Technologies ( (GB:PINE) ) just unveiled an update.

Pinewood Technologies reported strong financial results for the 11 months ending December 2024, driven by the successful rollout of its system in the UK and significant new customer acquisitions. The company has expanded its user base and secured major contracts, including a five-year deal with Global Auto Holdings, enhancing its market position and growth prospects. The acquisition of Seez App Holding Ltd. further strengthens Pinewood’s capabilities in AI and machine learning, positioning it for future growth in international markets.

More about Pinewood Technologies

Pinewood Technologies Group PLC is a leading cloud-based software company specializing in innovative automotive retail solutions for the automotive industry.

YTD Price Performance: -6.55%

Average Trading Volume: 236,497

Technical Sentiment Signal: Sell

Current Market Cap: £326M

Find detailed analytics on PINE stock on TipRanks’ Stock Analysis page.

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