Company Announcements

LSE: PINE

21 August 2024

Pinewood Technologies Group PLC

("Pinewood")

Notice of Interim Results

Pinewood Technologies Group PLC, a leading pure-play SaaS business providing innovative retail solutions to the automotive industry, announces it will report its financial results for the six months ended 31 July 2024 on Wednesday, 2 October 2024.

Pinewood's CEO, Bill Berman, and CFO, Ollie Mann, will be holding a presentation via webcast on the results for sell-side analysts at 9.00am the same day, which will be available via the following link: https://brrmedia.news/PINE_HY_24.

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About Pinewood Technologies Group PLC:

First established in 1981, Pinewood Technologies Group PLC (Pinewood) is a leading cloud based full-service technology provider to automotive retailers and OEMs. Pinewood's system is a market-leading automotive intelligence platform, which has been developed collaboratively with dealers and OEMs to provide secure cloud-based software across sales, aftersales, accounting and CRM. Headquartered in the UK, Pinewood has a team of over 200 people serving over 30,000 global users across 21 countries and long-standing partnerships with over 50 OEM brands.

Previously part of Pendragon PLC, in 2024 Pinewood became an independent entity following the sale of Pendragon's UK Motor and Leasing divisions to Lithia Motors Inc, one of the largest automotive retailers in North America. Pinewood simultaneously signed a strategic partnership with Lithia to roll out its software across Lithia's UK locations and form a joint venture to co-develop capabilities and accelerate Pinewood's entry into the North American market.