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.

Dagens aktienyheder med Impero - Compliance. Simplified. og Roblon A/S

Last week, Impero announced its Q3 2024 results, accelerating its ARR growth to 31% YoY and improving its EBITDA. Moreover, Impero's cash flow from operations was positive for the first nine months of 2024, and the FCF/Net New ARR (12 months rolling) improved to -0.7x in Q3 2024. We have updated our investment case one-pager after the Q3 2024 results.

Impero aflagde i torsdags regnskab for Q3 2024. På et event med selskabets CEO Rikke Stampe Skov og CFO Morten Lehmann Nielsen dykkede vi dybere ned bagved resultaterne og forventningerne til resten af året, samt svarede på spørgsmål fra tilhørerne.

Den 14. november 2024 forventer Impero at aflægge regnskab for Q3 2024. Dagen efter, den 15. november 2024 kl. 10:00, præsenterer Imperos CEO Rikke Stampe Skov og CFO Morten Lehmann Nielsen Q3 regnskabet og de seneste nyheder i et online live-event. Præsentationen vil blive efterfulgt af en Q&A session.

Vi interviewede Rikke Stampe Skov, CEO i Impero, omkring resultaterne for Q3 2024. Det var et kvartal, hvor selskabet forsætter med at vise solid vækst. Væksten genereres samtidig mere effektivt målt ift. til at få forretning i bøgerne med lavere omkostninger og bedre cash flow.

Dagens aktienyheder med Gabriel, Impero og BioPorto

Impero har i dag offentliggjort selskabets Q3 2024 resultater, hvor guidance for 2024 er fastholdt. Ved udgangen af Q3 2024 var Imperos ARR på DKK 36,9 mio. svarende til en ARR-vækst på 31% YoY. Målt på nettotilvæksten i ARR er det både det stærkeste Q3 og bedste YTD for Impero.

Dagens aktienyheder med ExpreS2ion Biotech, Impero, SKAKO, MapsPeople og Ascelia Pharma

Today, our October SaaS newsletter has been sent out. The median ARR multiple developed positively in the US/global SaaS sector, now at 6.9x ARR (from 6.1x ARR in September) according to The SaaS Capital Index, yet the median ARR multiple for the Danish SaaS sector remained at 3.1x ARR, similar to the level in September. In October, the first Danish SaaS Q3 reports came out from Agillic and OrderYOYO. Additionally, there has been other news in October, including an acquisition from MapsPeople and a guidance upgrade from Dataproces.

Today, our SaaS newsletter for September has been sent out. Overall, September was less eventful across the SaaS sector, yet we can look back at the global/US SaaS sector’s Q2 earnings season before we move into the Q3 earnings season. Looking at the median ARR valuation multiple, this is now 6.1x by the end of September (6.2x by the end of August) for the global/US SaaS sector and 3.1x ARR by the end of September 2024 (3.2x ARR by the end of August) for the Danish SaaS sector.

Dagens aktienyheder med Curasight, Impero og DSV

Impero har her til formiddag annonceret et strategisk partnerskab med Basico i en investornyhed. Med partnerskabet vil Impero levere deres platform i kombination med Basicos ekspertise indenfor rådgivning af forretningsprocesser.

Yesterday, our SaaS newsletter covering news and Q2/H1 financial reports from August was sent out. Looking overall at the global SaaS sector, the growth outlook is still challenged. However, we have observed some relief for the Danish SaaS companies with optimism into H2 2024. Our full blog shows the ARR growth YoY and EBITDA developments for H1 2024 vs. H1 2023 across the Danish SaaS sector.  

Dagens aktienyheder med Nordic Solar A/S, GrønlandsBANKEN, Impero - Compliance. Simplified. og Sampo plc

Impero aflagde i torsdags regnskab for H1 2024. Selskabets CEO Rikke Stampe Skov og CFO Morten Lehmann Nielsen præsenterede i går regnskabet og svarede på spørgsmål fra tilhørerne. Se præsentationen her.