MapsPeople – Presentation of Q2 2024

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MapsPeople expects to announce its Q2 2024 results on 19 August 2024. MapsPeople’s management will present the financial results and the recent strategic development on 22 August 2024 at 14:30, in a virtual live event. The management presentation will be followed by a Q&A session.

In the first quarter of 2024, MapsPeople delivered a 52% YoY increase in total ARR and a 65% YoY increase in revenue. With the topline momentum combined with cost efficiency, MapsPeople’s EBITDA improved by 49%.

MapsPeople guides its ARR to reach between DKK 72-80m by the end of 2024, corresponding to a growth rate of 39-54% YoY. The 2024 revenue is expected to be between DKK 58-63m, corresponding to a growth rate of 43-55% YoY. The 2024 EBITDA is expected to be between DKK -25m and DKK -20m (DKK -59.7m in 2023).

MapsPeople is a Software-as-a-Service (SaaS) company with HQ in Aalborg and offices in Copenhagen, München, Austin, and Singapore. MapsPeople has two primary revenue streams: MapsIndoors and Other Licenses (including Google Maps). MapsIndoors is an indoor mapping platform that helps make buildings smart in multiple ways. MapsPeople also provides Google Maps licenses and services for companies wishing to integrate Google Maps into their products, apps, websites, etc.

Disclaimer: HC Andersen Capital receives payment from MapsPeople for a Corporate Visibility/Digital IR subscription agreement. /Michael Friis 13.13 17 August 2024.