Dramatic shift in gross margin

Pennant International’s FY22E update this morning highlights a c.£1.3m positive swing in profitability to a c.£0.5m EBITA number, reflecting in turn a number of good developments, including an encouraging revenue mix change and increased repeat earnings as well as a meaningfully re-aligned cost-base. PEN supplies software / integrated product support solutions to an extensive client list of OEM’s and governments, with an increasing accent on software products/ services (which in turn brings with them a tail of longer term maintenance revenues).

The current year looks to be wellunderpinned by progress with the order book, up 9% YoY and covering the vast majority of anticipated FY23E sales. WH Ireland

don’t believe the end of the margin journey has been reached by any means, as the company is clearly operating effectively while remaining relatively lean cost-wise. With strong macro support (rising global defence spend), WH Ireland view the pipeline as promising, and anticipate a further upward shift in FY23E as laid out in our forecasts.

Pennant International Group plc (LON:PEN) was established over 60 years ago and is a leading global provider of technology-based maintainer training and integrated product support solutions. The Group operates worldwide, with offices in Europe, North America and Australasia.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Pennant International plc

More articles like this

Pennant International plc

Pennant Rail’s acquisition of Track Access Productions

Track Access Productions Limited (TAP) is an established and respected name in the railway industry for all things Route Learning. The small business, based in Leighton Buzzard, provides services including driver briefing, mapping and route learning via a

Pennant International plc

Data Transfer Utility (DTU)

The OmegaPS™ Data Transfer Utility (DTU) is provided as a means of bulk loading data into the OmegaPS LOAD Tables for subsequent validation and insertion to the live OmegaPS database. The OMEGAPS DTU allows users to construct LSAR

Pennant International plc

Pennant Studio Services

Pennant’s Studio Services is a collective of highly skilled artists, developers, technical authors, translators, and varied industry experts. The department covers 2D & 3D Design, VR Media Development, Film and Media Production, E-Learning and CBT, Illustration, Authoring, Copywriting

Pennant International plc

OmegaPS – From Acquisition to Support

OmegaPS™ is based on International Standards and Specifications that are typically invoked during the acquisition phase of complex assets.  Integrated Logistics Support as a discipline evolved around the idea of ensuring complex assets are designed with supportability as

Pennant International plc

Gloucestershire firm swoops for rail training specialist

Training and software firm Pennant International has acquired a rail specialist firm for almost £1m. The Cheltenham firm has acquired Track Access Productions also known as TAP. Based in Bedfordshire, TAP was established in 2001 and provides driver

Pennant International plc

Pennant buys UK rail services business, Track Access

Cheltenham-based training tech provider Pennant International Group has acquired UK rail services business Track Access Productions. Pennant said the acquisition consideration, which is being funded from Pennant’s existing cash, comprises an enterprise value of £585,000, plus around £389,000 in respect of

Pennant International plc

Pennant International full year results out 26 April 2023

Pennant International Group plc (LON:PEN), a leading global provider of training technology and integrated product support solutions, will announce full year results for the year ended 31 December 2022 on Wednesday, 26 April 2023.

Pennant International plc

Pennant powers up its rail business

Pennant International Group, a leading global presence in training tech and integrated product support solutions, has bought Track Access Productions Ltd.  Against a backdrop of robust orders and profit, the move promises a projected 2023 revenue boost of

Pennant International plc

Business Rules Development

It has been proven that working with a detailed Business Rules EXchange (BREX) module enhances communication when delivering data for a project.  The projects expectations are clearly defined when there is a well written BREX and Business Rules (BR). The Pennant

Pennant International plc

Pennant Rail

Pennant has over 60 years’ experience working with rail industry primes and their supply chain, adding value through experience, capability and versatility, offering limitless potential for information transfer. The addition of Track Access Services to the group has

No more posts to show