Pay / Appeal Parking Breach Notice

FY24 Results Announcement

Smart Parking are pleased to report that we continue to see growth in metrics across the Group, with a total of 1,424 global ANPR sites under management (up 28%), revenue of $54.3m1 (up 21%) and adjusted EBITDA of $14.7m1 (up 28%). As well, Parking Breach Notices for the Group have increased by 22%.

29 AUG 2024
News Press Release
In FY24 the company acquired 2 businesses in the UK and Germany, and expanded operations into Denmark. Key FY24 results highlights include:
  • Group revenue of $54.3m1 (up 21%)
  • Adjusted EBITDA of $14.7m2 (up 28%)
  • Adjusted EBITDA margin of 27%2 (up 150 bps)
  • Growth in global parking breach notices up 22%
  • Growth in APAC/Germany parking breach notices up 271%
  • Adjusted Free cashflow of $12.2m3 (up 40%)
  • 1,424 total group ANPR sites under management
  • Cash of $7.2m to self-fund organic growth, expansion into new territories, and complementary acquisition opportunities
  • Organic growth complemented by 2 acquisitions in the UK and Germany.
  • Denmark operations commenced in January 2024
The Company is also pleased to say that we have continued our growth momentum into FY25, with July revenue of $5.5m, an increase of 34% on the PCP. Click here to access our FY24 Investor Presentation Click here to access our FY24 Preliminary Final Report 1  Excludes revenue of $0.1m from the new Denmark territory $0.2m of interest income. 2  Excludes $0.6m investment in new Denmark market, $0.2m investigating new territories and other non-operating/non-recurring items. 3  Excludes Denmark and Exceptional items to enable like for like comparison with PCP.
FY24 Results Announcement

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