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Pod Point – “pleased to announce… ahead of guidance for revenue and adjusted EBITDA”. Er, what about the initial guidance though?!

By Steve Moore | Thursday 18 April 2024

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Describing itself as “a leading provider of Electric Vehicle charging solutions in the UK”, Pod Point Group (PODP) states that it “is pleased to announce… audited full year results for 2023, which are ahead of guidance for revenue and adjusted EBITDA… 2024 guidance has been maintained for revenue, adjusted EBITDA and closing net cash”. With how creditable such performance is, of course, depending on how demanding the guidance is, how ‘pleasing’ is the position here?
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