MapsPeople – Presentation of Q1 report 2024

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MapsPeople expects to announce its Q1 2024 report on 22 May 2024. MapsPeople’s management will present the financial results and the recent strategic development on the following day 23 May 2024 at 10:00 in a virtual live event. The management presentation will be followed by a Q&A session.

In 2024, MapsPeople expects to continue high growth rates and improve its profitability. 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). Besides the financial results for Q1 2024 and the recent strategic development, the focus could also be centered around comments about the market, as MapsPeople experienced that the Smart Building Market picked up in pace in the latter part of 2023 and expects this to continue through 2024.

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. /Kasper Lihn 09:15, 26 April 2024.