No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Cloud software firm Pinewood Technologies said it still expected full-year earnings to be broadly in line with 2025 as it posted a fall in interim profits.
The automotive software firm, about to be taken private in a £545m deal by US private equity firm Ridgeview Partners, reported a 13% fall in underlying pre-tax profit to £3.8m due to higher administrative expenses and investment in its North American expansion.
The board said it remains confident in the Group's prospects and expects FY26 underlying EBITDA to be in line with previous expectations, reaffirming its target of £21m for the year.
It also reiterated guidance for underlying EBITDA of £62m by FY28, supported by strong visibility from signed contracts and a substantial pipeline of opportunities.
Reporting by Frank Prenesti for Sharecast.com
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.