MapsPeople (One-pager): More focus on growth after improved EBITDA in Q2 2024
Yesterday, MapsPeople announced its Q2 2024 report with 19% ARR growth YoY and improved EBITDA. MapsPeople maintained its 2024 ARR and EBITDA guidance (with a small adjustment as EBITDA is now EBITDA before special items due to special items of approx. DKK 2m from restructuring activities).
We have updated our investment case one-pager with minor changes, including updated valuation multiples across selected Danish-listed SaaS companies.
Remember to sign up for a live online presentation on Thursday 22 August at 14:30 with MapsPeople’s CEO Morten Brøgger and CFO Christian Læsø, who will present the financial results and highlights from the Q2 2024 report. Sign up and ask your questions here: https://www.inderes.dk/videos/mapspeople-presentation-of-q2-2024
Disclaimer: HC Andersen Capital receives payment from MapsPeople for a Digital IR/Corporate Visibility subscription agreement. /Kasper Lihn 08:30 20 August 2024.
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MapsPeople
MapsPeople is a Software-as-a-Service (SaaS) company focusing on digital mapping for indoor navigation. The two primary revenue streams are 1) MapsIndoors which is MapsPeople’s own developed mapping solution for indoor navigation 2) Google Maps partnership with Google. MapsIndoors is the key segment with high double-digit growth rates, and the Google Maps segment is expected to be a more steady business going forward. MapsPeople has a global presence with offices in Denmark, Germany, Singapore and United States, and customers include some of the largest brands in the world. The company has been listed at Nasdaq First North Premier in Denmark since June 2021.
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