Pinewood Technologies has upgraded its earnings guidance as the pureplay automotive software firm prepares for major overseas expansion supported by a brand refresh as Pinewood.AI.
Sharing information about its vision for global growth in key markets, the business raised its guidance for underlying EBITDA in FY27 to £30 million from £27m.
In the UK, it is targeting a fifth top 20 dealership as a new customer by the end of 2025 following the recent securing of a major five-year contract with AM100 retailer Marshall Motor Group.
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Author:
Aimee Turner
Deputy editor
AM deputy editor Aimée Turner has been a specialist B2B editor and journalist covering the international transportation sector for more than 20 years.
She has specialised in the significant safety, regulatory, and environmental issues that impact advanced technology businesses in the pursuit of more efficient, safer and sustainable transportation modes.
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