Acquisition ImpactThe acquisition of Seez is seen as robustly earnings enhancing, a growth and proposition enhancer, and a strong strategic fit.
Financial Performance11m comparable revenue grew +15% to £31.2m, and after significant investment in headcount to support future growth, 11m comparable uEBITDA was +7% to £14.0m.
Market ExpansionThe opportunity in the Japanese market is significant, being approximately twice the size of the UK market.
Strategic PartnershipsPinewood's deal with Volkswagen Group Japan demonstrates the building momentum at the company.