Impero A/S releases outlook for 2024

Company Announcement No. 2-2024

Copenhagen, 14 March 2024

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Outlook 2024

Based on the Live ARR methodology, Impero expects ARR in the range of DKK 38M to 42M by the end of 2024, with ARR at the end of 2023 being DKK 30.4M. The outlook corresponds to growth rates between 25% and 38%. Impero will invest in scaling the organization to ensure long-term ARR growth and at the same time focus on lowering the cash-burn from ordinary activities. We expect EBITDA for 2024 to be in the range DKK -11M to -9M.

The expectations for the above are based on assumptions that the company can retain and attract partners as well as commercial and technical profiles to expand and develop the platform. Furthermore, the timing of revenue recognition for new customers is essential in relation to the outlook. The company’s pipeline proves that the demand for Impero’s offerings is intact and that continuous investments in product development as well as commercial expansion add value for Impero’s customers and shareholders.

Dealing with global customers, Impero is also exposed to the macroeconomic environment and geopolitical situation, where increased uncertainty and fluctuating interest rates may lead to longer sales cycles and potentially lead to higher churn. The outlook is dependent on no further aggravation of the macroeconomic and geopolitical instability observed.