MapsPeople (One-pager): Updated guidance and new acquisition finalized
Earlier this week, MapsPeople announced its Q3 2024 report with updated 2024 guidance and the finalization of its acquisition of Point Consulting's customer contracts and indoor mapping assets. We have updated our investment case one-pager with the new guidance and recent news, including updated valuation multiples across selected Danish-listed SaaS companies.
Yesterday, we hosted an event with MapsPeople’s management, who presented the Q3 2024 results, the updated 2024 guidance, and the acquisition of Point Consulting’s customer contracts and indoor mapping assets. Watch the management presentation and Q&A session here: https://www.inderes.dk/videos/mapspeople-presentation-of-q3-2024
Disclaimer: HC Andersen Capital receives payment from MapsPeople for a Digital IR/Corporate Visibility subscription agreement. /Kasper Lihn, 15:00 - 15 November 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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