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Pinewood Technologies ( (GB:PINE) ) has issued an announcement.
Pinewood Technologies Group PLC has secured a significant five-year contract with Global Auto Holdings to implement its Automotive Intelligence platform across dealerships in the UK, North America, and Scandinavia. This contract, the largest with a non-associated dealership group, aligns with Pinewood’s growth strategy and is expected to significantly boost earnings. The company’s FY24 earnings exceeded expectations, reflecting strong operational progress and successful partnerships, including a major contract win with Marshall Motor Group and a completed integration with Lithia Motors. The strategic partnership with Global Auto Holdings is anticipated to drive growth and efficiencies, enhancing Pinewood’s industry positioning and stakeholder value.
More about Pinewood Technologies
Pinewood Technologies Group PLC is a leading cloud-based software provider, specializing in innovative retail solutions for the automotive industry. Established in 1981 and headquartered in the UK, it serves over 30,000 users across 21 countries, collaborating with more than 50 OEM brands. Formerly part of Pendragon PLC, it became independent in 2024 and partnered with Lithia Motors to expand its presence in the North American market.
YTD Price Performance: -8.36%
Average Trading Volume: 374,347
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £275.5M
Find detailed analytics on PINE stock on TipRanks’ Stock Analysis page.
