MapsPeople (One-pager): Aims to accelerate ARR growth after transformative years
After MapsPeople announced its annual report for 2024 last Thursday, we have updated our investment case one-pager with the new financials, 2025 guidance, and recent news, including updated valuation multiples across selected Danish-listed SaaS companies. Looking into 2025, MapsPeople expects to accelerate its ARR growth to the range of 20-37%. To support its strategic investments and growth plans, MapsPeople expects to raise DKK 15-20m in 2025.
Yesterday, we hosted an event with MapsPeople’s management, who presented the annual report for 2024 and its 2025 guidance. Watch the management presentation and Q&A session here: https://www.inderes.dk/videos/mapspeople-presentation-of-annual-report-2024
Disclaimer: HC Andersen Capital receives payment from MapsPeople for a Digital IR/Corporate Visibility subscription agreement. /Michael Friis 08:19 (updated 13:10), 11 March 2025.
MapsPeople
MapsPeople is a Software-as-a-Service (SaaS) company focusing on digital mapping for indoor navigation. The two primary revenue streams are 1) MapsIndoors which is MapsPeople’s own developed mapping solution for indoor navigation 2) Google Maps partnership with Google. MapsIndoors is the key segment with high double-digit growth rates, and the Google Maps segment is expected to be a more steady business going forward. MapsPeople has a global presence with offices in Denmark, Germany, Singapore and United States, and customers include some of the largest brands in the world. The company has been listed at Nasdaq First North Premier in Denmark since June 2021.
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