HCA SaaS update January 2024: New year with a rebound in the Danish SaaS sector
The HCA SaaS newsletter for January 2024 has been sent out today. The newsletter covers the recent news from the Danish SaaS sector and also provides an overview of the upcoming financial reports in the sector.
Looking across the Danish SaaS sector, there was a positive share price development as the average and median return was approx. 6% and 4%, respectively, in January 2024. This is also shown by some dominance of SaaS companies across the Danish stock market, as DecideAct, Impero, and MapsPeople all are present in the top 5 of the share price performances in Denmark year-to-date (here at the beginning of February 2024). In January 2024, some companies also reported new ARR numbers to the market, and one SaaS company was delisted. Put together, this implied that the median ARR multiple increased to 3.3x ARR by the end of January 2024 (from 3.0x ARR by the end of December 2023).
Looking ahead into the coming months, both new financial guidance and management comments for 2024 – in connection with the annual reports for 2023 – will give us more data about the market development, sentiment, and what to expect.
Read the full newsletter here: Link
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Disclaimer: HC Andersen Capital receives payment from some of the mentioned SaaS companies (Agillic, Impero, MapsPeople, OrderYOYO, and Penneo) for a Digital IR/Corporate Visibility subscription agreement. /Kasper Lihn 15:07, 12 February 2024.
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