MapsPeople A/S adjust ARR expectations for 2024 and sets guidance for 2025

MapsPeople adjust ARR expectations for 2024

MapsPeople adjust ARR expectations for 2024 to mDKK 58.2 just below the guided range of mDKK 59 - 63 as guided in Company Announcement 22 from November 13, 2024. This corresponds to an ARR growth of 12% during 2024.

MapsIndoors ARR for 2024 is expected to be mDKK 45.5, which is an ARR growth of 20%. 

The downgrade is related to the timing of the start date of a new contract.

The revenue guidance for 2024 remains unchanged at mDKK 58 - 63.

The EBITDA before special items guidance for 2024 remains unchanged at mDKK negative 26 - negative 30.

Guidance for 2025

On January 27th the board of directors approved the final budget for 2025 containing growth targets and product innovations for 2025 according to the company's strategy and accordingly set out guidance for ARR, recognized revenue and EBITDA for 2025.

ARR guidance

MapsPeople is guiding ARR at the end of 2025 to be in the range of mDKK 70 - 80 corresponding to a growth in the range of 20% - 37%.

Revenue guidance

Revenue outlook for 2025 is in the range of mDKK 66 - 75. Revenue for 2024 will be announced in connection with the Annual report 2024, which is planned to be released on March 19th 2025.

EBITDA guidance

EBITDA outlook for 2025 is in the range of mDKK negative 10 - negative 20. EBITDA for 2024 will be announced in connection with the Annual report 2024, which is planned to be released on March 19th 2025.

For additional information, please contact

MapsPeople A/S

Morten Brøgger, CEO

Mobile (+45) 31 23 48 72

Email mobr@mapspeople.com 

Stigsborgvej 60, 9400 Nørresundby

Denmark

Certified Advisor

Grant Thornton

Jesper Vestergaard

Mobile (+45) 31 79 90 00

Stockholmsgade 45 2100 Copenhagen Ø

Denmark

IMPORTANT INFORMATION

This announcement is not an offer to sell or a solicitation of any offer to buy any securities issued by MapsPeople in any jurisdiction where such offer or sale would be unlawful and the announcement and the information contained herein are not for distribution or release, directly or indirectly, in or into such jurisdictions, including but not limited to, the United States, Australia, Canada or Japan.

This announcement does not constitute an offering circular, company description or other offer document and nothing herein contains an offering of securities. No one should purchase or subscribe for any securities in MapsPeople except as described in this company announcement.

Neither the existing shares of MapsPeople (the "Existing Shares") nor the New Shares have been, or will be, registered under the United States Securities Act of 1933, as amended ("Securities Act"). Neither the Existing Shares nor the New Shares may be offered or sold, directly or indirectly, in or into the United States or to persons residing there. Moreover, the Private Placement is not made to persons resident in Australia, Hong Kong, Japan, Canada, New Zealand, South Africa, Switzerland, or Singapore or to persons whose participation would require the publication up of a prospectus, registration or other measures.

Certain statements in this announcement constitute forward-looking statements. Forward-looking statements are statements (other than statements of historical fact) relating to future events and the Company's anticipated or planned financial and operational performance. The words "targets", "believes", "expects", "aims", "intends", "plans", "seeks", "will", "may", "might", "anticipates", "would", "could", "should", "continues", "estimates" or similar expressions or the negative forms thereof, identify certain of these forward-looking statements. Other forward-looking statements can be identified in the context in which the statements are made. MapsPeople has based these forward-looking statements on its current views with respect to future events and financial performance. By their nature, forward-looking statements are based on certain assumptions and projections on future events and financial performance, which involve a number of risks and uncertainties that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial consequences of the plans and events described herein. Actual results are likely to differ from those set forth in the forward-looking statements. Any forward-looking statements speak only as at the date of this document and neither the Company nor any of its respective affiliates, directors, officers, employees, advisors, or any other person is under any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. You should not and may not rely on these forward-looking statements.

Source: MapsPeople

Tag: MapsPeople-Company-Announcements