Pinewood Technologies Group PLC (LSE:PINE)

£ 3.445 -0.04 (-1.16%) Market Cap: 297.97 Mil Enterprise Value: 286.77 Mil PE Ratio: 60.61 PB Ratio: 8.07 GF Score: 39/100

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Pendragon PLC Strategy Update Transcript

Sep 02, 2020 / 09:30AM GMT

Release Date Price: £1.63 (+1.69%)

Transcript

Operator

Hello, and welcome to this morning's call with Pendragon PLC. I'll shortly be handing you over to Bill Berman, CEO and Interim Chairman, who will take you through today's presentation. (Operator Instructions)

But now over to Bill Berman to begin.

William R. Berman

Pendragon PLC - CEO & Interim Executive Chairman

Good morning, and welcome to our call, where we shall outline our revised strategy for the Pendragon Group. At Pendragon, our vision is to transform automotive retail through digital innovation and operational excellence.

Underpinning our vision and strategy is a comprehensive review of both external market dynamics and performance across our 4 divisions. The key conclusions of the review are: first, there is a strong case for change; second and most importantly, I believe there is significant opportunity for upside across Pendragon's businesses.

To achieve the group's vision, we have identified 3 strategic priorities for growth: unlock significant value in the U.K. franchised motor division; grow and diversify our

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