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Pinewood Technologies Group PLC (Pinewood.AI) to Present at the AI & Technology Virtual Investor Conference October 28th
Globenewswire· 2025-10-22 12:35
Company Overview - Pinewood Technologies Group PLC, based in Birmingham, UK, is a leading cloud-based software provider for the automotive industry, offering innovative retail solutions [5] - Established in 1981, the company serves a global user base across over 36 countries and has partnerships with over 50 OEM brands [5] - Pinewood.AI became an independent entity in 2024 after the sale of Pendragon's UK Motor and Leasing divisions [6] Recent Developments - The company will present at the AI & Technology Conference on October 28, 2025, with CFO Ollie Mann leading the presentation [1] - Pinewood.AI joined the FTSE 250 index in September 2025, marking a significant milestone for the business [8] - The acquisition of Seez, an automotive AI & ML SaaS platform, was completed in February 2025, contributing to the company's growth [8] Financial Performance - For HY25, revenue increased by 21.7% year-on-year, while underlying EBITDA rose by 14.5%, driven by increased client spending and new customer onboarding [8] - The company announced an agreement to buy out Lithia's 51% stake in Pinewood North America LLC for $76.5 million [8] - A five-year contract with Lithia to implement the Pinewood Automotive Intelligence™ Platform in North America is expected to generate approximately $60 million in annual revenue by the end of 2028 [8]