Pennant International achieves Record Gross Margin and Profitability

A Cheltenham-headquartered IPS software and services company has returned to operating profit and achieved a record gross margin in its latest year.

Pennant International Group was established more than 60 years ago and operates worldwide, with offices in Europe, North America and Australasia.

In a trading update for the year-end 31 December 2023, the company reported group revenues of £15.5m, up from £13.7m in 2022. Gross margin was at 50 per cent compared to 42 per cent the year before. EBITA was at £1.7m compared to £500,000 the prior period.

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:
Facebook
X
LinkedIn
Pennant International plc

More articles like this

Pennant International plc

Auxilium: Enhancing lifecycle support and asset management

The Auxilium suite by Pennant Systems offers a comprehensive software solution to streamline asset lifecycle management for industries reliant on complex systems, such as defence and aerospace. Designed to boost operational efficiency, the system facilitates maintenance

Pennant International plc

Pennant at the 2024 S1000D & IPS Forum: Unveiling Auxilium

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

Pennant International plc

Pennant International employees support local charity

Employees at Pennant International are given the opportunity to take two paid days of volunteering leave each year. This initiative not only supports charitable organisations and individuals in need, but also benefits employees by encouraging personal

Pennant International plc

Pennant International on track to meet market expectations

Cheltenham-based Pennant International, which provides systems support and training solutions to the aerospace and defence sectors, reported that it is on track to meet market expectations for the year. The company recently released its interim results

Pennant International plc

GenS revolutionises data management by saving months of work

One of Pennant International’s Integrated Product Support experts, Mike Petik, frequently assists customers and industry partners in developing and formatting database requirements according to their specific industry standards. Previously, this process involved using a Microsoft Access

Pennant International plc

Advanced training tool for Aircraft Maintenance

Pennant International has developed the Generic Hand Skills Trainer, commonly known as GenSkill, which serves as a stand-alone device designed to simulate the experience of working on aircraft components. This training tool focuses on the essential