Today, we have published our SaaS newsletter for April and the beginning of May, covering the latest ARR multiple development, the first Q1 2025 reports from both the global and Danish SaaS sector, as well as the recent news from the Danish SaaS sector. 

Today, MapsPeople announced a proposed delisting of its shares on Nasdaq First North Premier after the company has entered into an agreement with Apex Group Technologies Inc. (Apex), which is a company backed by Round13 Capital II, Inc., a Toronto-based private equity firm. Following the completion of transactions, Apex will hold at least 51% and up to approx. 64% of the shares in MapsPeople. We have interviewed MapsPeople’s CEO Morten Brøgger about the private placement and potential delisting.

MapsPeople expects to announce its Q1 2025 results on 21 May 2025. On the same day at 14:00, MapsPeople’s CEO Morten Brøgger and CFO Christian Læsø will present the Q1 2025 results and the recent developments, followed by a Q&A session.

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

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.

Following the release of its 2024 report, we had the pleasure of hosting an event with the management of MapsPeople. Joining us from MapsPeople were CEO Morten Brøgger and CFO Christian Læsø, who presented the 2024 results and gave some insights into the expectations for the coming year.

MapsPeople is set to release its 2024 Annual Report on March 19, 2025. The following day, on March 20 at 12:30 PM, CEO Morten Brøgger and CFO Christian Læsø will present the financial results and discuss recent strategic developments, followed by a Q&A session.

Today, MapsPeople released its 2024 full-year results after they delivered preliminary figures at the end of January that also included its new 2025 guidance. Revenue of DKK 62.3m was at the high end of the 2024 guidance range (DKK 58-63m). The 2025 guidance was reiterated.

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.

Yesterday after the market closed, MapsPeople adjusted its 2024 guidance on ARR but kept guidance for revenue and EBITDA. After getting the budget approval from the board, the 2025 guidance has been set. A capital requirement has also been announced to carry out its 2025 plans.