Last month we hosted our first Capital Markets Event for investors and analysts in London.
During the event our Chief Executive Officer, Bill Berman, Chief Financial Officer, Ollie Mann, and other senior leaders from across the business provided a detailed update on the company’s strategy, demonstrating how our industry-leading product offering and strong competitive position will enable us to drive global growth.
These fall into 4 pillars, which Bill Berman explains in this video.
Following the successful early progress that has been made since we began trading as a standalone business at the start of February 2024, and the ongoing positive growth drivers we see in the market, our leadership team also announced that Pinewood is raising the guidance for underlying EBITDA in FY27 to £30m from £27m.
Bill said: “Pinewood is a business with over two decades of industry experience and engagement with the automotive retail sector. We provide our customers with a single, secure software system that covers all aspects of the customer journey from the front of house reception team, the vehicle sales team, the service technicians, right through to the accounts team. We have very high levels of customer retention and are proud to partner with over 50 OEM brands worldwide, many of whom are long-standing partners.
“This provides us with strong foundations to achieve our ambitions as a standalone company and I am delighted with the progress we have made this year. We have largely completed the rollout of our products to the UK sites of our strategic partner Lithia and earlier this week we were awarded a contract with Marshalls, further strengthening our position in the UK. Meanwhile, our strategic partnership with Lithia provides access to the extremely lucrative North American market and we remain on course to begin piloting our system in a number of Lithia stores in the second half of 2025, before the full North American system rollout starts during 2026.”
Capital Markets Day provided an opportunity for Q&A and system demonstrations at the end of the formal presentation.
Some highlights from the day in the gallery below.
