External broker reports(aggregated public sources), Canaccord Genuity

Canaccord Genuity

Canaccord Genuity Group Inc. is a leading independent investment bank with operations in North America, UK & Europe and Asia-Pacific. Canaccord Genuity Group Inc. is a leading independent, full-service financial services firm. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Equity Bottom-Up

<div><ul><li>SPZ released its FY24 result, reporting revenue of $54.3m (+21% pcp [+24% excl. Aus], CGe $55m), benefiting from the ongoing strength of its core UK region, as well as improved momentum across new geographies (NZ, Germany and Denmark).</li><li>Gross profit of $42.5m (+27% pcp) was a +3% beat to CGe of $41.2m, with the gross margin expansion in 1H24 being sustained into 2H24 (1H24/2H24 +78%/+78%, FY23 +74%).</li><li>Adj. EBITDA of $14.7m increased 28% against the pcp to a record margin of 27% (1H24/2H24: 28%/26%, FY23: 25%), with incremental EBITDA margins 33%, illustrating the strength of its leverage to revenue growth. </li></ul></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

SPZ released its FY24 result, reporting revenue of $54.3m (+21% pcp [+24% excl. Aus], CGe $55m), benefiting from the ongoing strength of its core UK region, as well as improved momentum across new geographies (NZ, Germany and Denmark).Gross profit of $42.5m (+27% pcp) was a +3% beat to CGe of $41.2m, with the gross margin expansion in 1H24 being sustained into 2H24 (1H24/2H24 +78%/+78%, FY23 +74%).Adj. EBITDA of $14.7m increased 28% against the pcp to a record margin of 27% (1H24/2H24: 28%/26%, FY23: 25%), with incremental EBITDA margins 33%, illustrating the strength of its leverage to revenue growth. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Smart Parking Limited - FY24 Result in Line, with Hints of Upgrades into FY25