{"id":9567,"date":"2024-08-29T11:15:40","date_gmt":"2024-08-29T11:15:40","guid":{"rendered":"https:\/\/www.smartparking.com\/latest\/2024\/august\/fy24-results-announcement\/"},"modified":"2025-04-29T09:28:11","modified_gmt":"2025-04-29T09:28:11","slug":"fy24-results-announcement","status":"publish","type":"latest","link":"https:\/\/www.smartparking.com\/us\/latest\/2024\/august\/fy24-results-announcement\/","title":{"rendered":"FY24 Results Announcement"},"content":{"rendered":"<p><strong>In FY24 the company acquired 2 businesses in the UK and Germany, and expanded operations into Denmark.<\/strong><\/p>\n<p><strong>Key FY24 results highlights include:<\/strong><\/p>\n<ul>\n<li>Group revenue of $54.3m<sup>1<\/sup> (up 21%)<\/li>\n<li>Adjusted EBITDA of $14.7m<sup>2<\/sup> (up 28%)<\/li>\n<li>Adjusted EBITDA margin of 27%<sup>2<\/sup> (up 150 bps)<\/li>\n<li>Growth in global parking breach notices up 22%<\/li>\n<li>Growth in APAC\/Germany parking breach notices up 271%<\/li>\n<li>Adjusted Free cashflow of $12.2m<sup>3<\/sup> (up 40%)<\/li>\n<li>1,424 total group ANPR sites under management<\/li>\n<li>Cash of $7.2m to self-fund organic growth, expansion into new territories, and complementary acquisition opportunities<\/li>\n<li>Organic growth complemented by 2 acquisitions in the UK and Germany.<\/li>\n<li>Denmark operations commenced in January 2024<\/li>\n<\/ul>\n<p>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.<\/p>\n<p><a title=\"FY24 Investor Presentation\" href=\"https:\/\/cdn-api.markitdigital.com\/apiman-gateway\/ASX\/asx-research\/1.0\/file\/2924-02842774-3A648676&amp;v=fc9bdb61fe50ea61f8225e24ce041a0e155a9400\" target=\"_blank\" rel=\"noopener\">Click here to access our FY24 Investor Presentation<\/a><\/p>\n<p><a title=\"FY24 Preliminary Final Report\" href=\"https:\/\/cdn-api.markitdigital.com\/apiman-gateway\/ASX\/asx-research\/1.0\/file\/2924-02842772-3A648675&amp;v=fc9bdb61fe50ea61f8225e24ce041a0e155a9400\" target=\"_blank\" rel=\"noopener\">Click here to access our FY24 Preliminary Final Report<\/a><\/p>\n<p><em><sup>1<\/sup><\/em><em>\u00a0 Excludes revenue of $0.1m from the new Denmark territory $0.2m of interest income.<\/em><\/p>\n<p><em><sup>2<\/sup><\/em><em>\u00a0 Excludes\u00a0$0.6m investment in new Denmark market, $0.2m investigating new territories and other non-operating\/non-recurring items.<\/em><\/p>\n<p><em><sup>3<\/sup><\/em><em>\u00a0 Excludes\u00a0Denmark and Exceptional items to enable like for like comparison with PCP.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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%.<\/p>\n","protected":false},"featured_media":6011,"template":"","latest-category":[75,118],"class_list":["post-9567","latest","type-latest","status-publish","has-post-thumbnail","hentry","latest-category-news-us","latest-category-press-release-us"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FY24 Results Announcement<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smartparking.com\/us\/latest\/2024\/august\/fy24-results-announcement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FY24 Results Announcement\" \/>\n<meta property=\"og:description\" content=\"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%). 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