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Sparks commentary

TMT

Sparks

Pinewood (LSE: PINE) signs contract with VW Japan
Published by Katherine Thompson

Pinewood Technologies has signed a five-year contract with Volkswagen Group Japan to implement its Automotive Intelligence platform in all VW and Audi dealerships in Japan (c 350 in total). The company expects the roll-out and revenues to start in H126. Winning a contract with VW/Audi in Japan was a target set at the Capital Markets Day last October, and follows on from other targets recently hit including winning large UK auto retail groups (Marshalls in October 2024, Lookers in February via Global Auto Holdings) and international expansion (Global Auto Holdings’ brands in Scandinavia and the US). We expect this deal to support consensus forecasts for revenue growth of 36% in FY26 and 17% in FY27.

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