FY24 AGM Presentation
Smart Parking are pleased to report that we have achieved our long term target of 1,500 ANPR sites under management by December 2024 and re-sets the long term organic target to 3,000 sites.
15 NOV 2024
Highlights include:
- Q1 FY25 growth continuing with traction in new markets.
- Long term 1,500 ANPR site target achieved ahead of time due to enhanced sales capability and strong traction in new territories.
- YTD ANPR site count: UK: 1,180, New Zealand: 195, Germany: 71, Denmark: 12, Australia: 71.
- Improving profitability growth in Germany and Denmark improving performance – profitability expected in CY25.
- Site installation pipeline strong with further 30 installations complete and waiting to go live.
- Good growth in PBN issuance across all territories.
- UK PBN’s increased 26,532 vs PCP, up 15%.
- 57,287 PBN’s issued in New Zealand and Germany – driven by new site additions.
- PBN’s issuance commenced in Denmark in June 2024 – new contracts with retails and hospitality driving estate growth.
- Geographic mix of PBN’s balancing as new territories increase share of total insurance.
