Smart Parking Achieved Long Term Target of 1,500 ANPR Sites

Smart Parking has reported that they have achieved their long term target of 1,500 ANPR sites under management by December 2024 and re-sets the long term organic target to 3,000 sites.

Smart Parking’s recent Annual General Meeting (AGM) was a great success marking a significant milestone for the organisation. Smart Parking also highlighted their financial stability and growth plans which reflects the hard work of the team across all territories.

Highlights include:

• Q1 FY25 growth continuing with traction in new markets.
• Long term 1,500 ANPR site target achieved ahead of time due to enhanced sales capability and strong traction in new territories.
• YTD ANPR site count:  UK: 1,180, New Zealand: 195, Germany: 71, Denmark: 12, Australia: 71.
• Improving profitability growth in Germany and Denmark improving performance - profitability expected in CY25.
• Site installation pipeline strong with further 30 installations complete and waiting to go live.
• Good growth in PBN issuance across all territories.
• UK PBN's increased 26,532 vs PCP, up 15%.
• 57,287 PBN's issued in New Zealand and Germany - driven by new site additions.
• PBN's issuance commenced in Denmark in June 2024 - new contracts with retails and hospitality driving estate growth.
• Geographic mix of PBN's balancing as new territories increase share of total insurance.

For a detailed overview, have a look at the AGM Presentation.

About Smart Parking Limited 

Smart Parking Limited (ASX:SPZ) | A Global Parking Business

Smart Parking Limited is a pioneering technology innovator and services company in the parking industry. With offices in Australia, New Zealand, Germany, Denmark and the UK our aim is to bring our intelligent integrated smart parking services to the world and reinvent the parking experience.

The Company operates and manages thousands of car park spaces across the globe using our proprietary Smart Cloud technology linked with Automatic Number Plate Recognition/License Plate Recognition (ANPR/LPR) systems. This can be used as a single solution or with the option to be combined with payment solutions.

Smart Parking Limited has been an Australian Securities Exchange (ASX:SP) publicly listed company since early 2011.