Pendragon plc (GB:PINE) has released an update.
Pinewood Technologies Group PLC, a SaaS provider for the automotive industry, reported its first financial results following the divestiture of Pendragon’s UK Motor and Leasing divisions, showcasing strong growth in revenue and profit. The company saw a significant expansion of its global customer base and maintained high customer retention, contributing to robust financial performance. With a strategic focus on product innovation and market expansion, particularly through a joint venture in North America, Pinewood is poised for continued growth.
For further insights into GB:PINE stock, check out TipRanks’ Stock Analysis page.
