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
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.
