MapsPeople er en Software-as-a-Service (SaaS) virksomhed med fokus på digital kortlægning til indendørs navigation. De to primære indtægtsstrømme er 1) MapsIndoors som er MapsPeoples egenudviklede kortløsning til indendørs navigation 2) Google Maps partnerskab med Google. MapsIndoors er nøglesegmentet med høje tocifrede vækstrater, og Google Maps-segmentet forventes at være en mere stabil forretning fremadrettet.
MapsPeople har en global tilstedeværelse med kontorer i Danmark, Tyskland, Singapore og USA, og kunderne omfatter nogle af de største brands i verden. Virksomheden har været noteret på Nasdaq First North Premier i Danmark siden juni 2021.
Today, we have published our monthly SaaS newsletter, covering the latest ARR multiple development as well as key takes from the Q1 2025 reporting season globally and in the Danish SaaS sector.
In late April, MapsPeople announced that Apex Group Technologies, backed by Round13 Capital, is acquiring at least 51% and up to approx. 64% of the MapsPeople shares, and there is support to delist MapsPeople from Nasdaq First North Premier. We have updated our investment case one-pager following the news, which provides perspectives on both key investment reasons and risks to be aware of when the company is going private.
Following the release of its Q1 2025 results, we had the pleasure of hosting an event with the management of MapsPeople. Joining us from MapsPeople were CEO Morten Brøgger and CFO Christian Læsø, who presented the quarter's results and gave more details on the upcoming delisting.
MapsPeople expects to announce its Q1 2025 results on 21 May 2025. On the same day at 14:00, MapsPeople’s CEO Morten Brøgger and CFO Christian Læsø will present the Q1 2025 results and the recent developments, followed by a Q&A session.
This morning, MapsPeople announced its Q1 2025 results. By the end of Q1 2025, ARR was DKK 59.79m, corresponding to a growth rate of 12% YoY. The main business segment, MapsIndoors, grew by 19% YoY. MapsPeople's quarterly growth compared to Q4 2024 was 3%. Revenue grew 4% YoY. In Q1 2025, EBITDA before special items ended at DKK -6.95m (DKK -8.53m in Q1 2024). The cash flow from operating activities improved to DKK -6.07m (DKK -11.31m in Q1 2024).