In the March SaaS newsletter, we among others take a look at the Danish reporting season and the first large IPO in the US.

Dagens aktienyheder med Columbus, Scandinavian Medical Solutions, Wirtek A/S, Gubra, Føroya Banki og Impero - Compliance. Simplified.

Impero aflagde i torsdags regnskab for helåret 2024. På et event med selskabets CEO Rikke Stampe Skov og CFO Morten Lehmann Nielsen dykkede vi dybere ned bagved resultaterne og forventningerne til næste år, samt svarede på spørgsmål fra tilhørerne.

Yesterday, Impero announced its annual report for 2024 in line with its preliminary results and recent guidance. With ARR growth of 28% YoY in 2024 and continued momentum in the DACH region, as well as improved cash burn to net new ARR ratio, Impero is well-positioned to continue its growth in 2025 with expectations of 19-34% ARR growth. We have updated the investment case one-pager following the new results and expectations.

Impero forventer at aflægge årsrapporten for 2024 den 13. marts 2025. Dagen efter, den 14. marts 2025 kl. 11:00, præsenterer selskabets CEO Rikke Stampe Skov og CFO Morten Lehmann Nielsen årsregnskabet og forventningerne til 2025 i et online live-event. Præsentationen vil blive efterfulgt af en Q&A session.

Dagens aktienyheder med Impero, WindowMaster, Roblon og Vestjysk Bank

We interviewed the CEO of Impero, Rikke Stampe Skov, about the newly released results for 2024 – a year where the company continues to demonstrate solid growth. At the same time, growth is being generated more efficiently with an improved cash burn to net new ARR ratio.

Impero løftede i går aftes sløret for den nye 2025 guidance og har her til morgen også aflagt årsrapporten for 2024. Hovedresultaterne for 2024 var på linje med hvad der allerede var kommunikeret til markedet. For 2025 forventer selskabet en vækst på mellem 19-34%.

Dagens aktienyheder med Impero, Gubra og SKAKO

In the January SaaS newsletter, we take a look at the potential future Implications for the SaaS sector from the DeepSeek news, and read-over from the hyperscalers.

Dagens aktienyheder med Columbus, OrderYOYO, WindowMaster og Impero - Compliance. Simplified.

Impero er i dag ude med en opjustering af selskabets EBITDA guidance for 2024 samt offentliggørelse af selskabets foreløbige ARR ved udgangen af 2024.

As 2024 is now behind us, it is time to conclude the year and look into 2025. Our HCA SaaS Index ended December 2024 with a median ARR multiple of 3.6x (3.4x by the end of November 2024), while The SaaS Capital Index covering the US/global SaaS market ended December 2024 with a median ARR multiple of 7.0x (from 7.3x by the end of November 2024). Read more here.

November has been eventful with several Q3 2024 reports across the SaaS sector and the announcement that Visma will make a voluntary recommended public takeover offer to purchase all shares in Penneo for approx. DKK 562m (DKK 16.50 per share, a premium of approx. 110%), corresponding to EV/ARR of approx. 5.8x. The takeover/acquisition ARR multiple is also significantly above the median ARR multiple of 3.4x of the Danish SaaS sector by the end of November 2024, yet somewhat close to other recent acquisitions from Digizuite (6.9x ARR) and Relesys (5.1x ARR). Across the broader global/US SaaS sector, software shares rebounded significantly in November. The median ARR multiple increased to 7.3x by the end of November 2024 (from 6.9x ARR) based on data from The SaaS Capital Index.