MapsPeople adjusts ARR guidance for 2022
MapsPeople A/S | Company Announcement | Inside Information
Company Announcement No.20 - 2022
Aalborg, December 13, 2022
Adjusted ARR guidance 2022
The ARR guidance for 2022 is reduced to reflect prolonged decision-making processes on the customer side, resulting in a few large contracts moving into 2023. Total Contracted Annual Recurring Revenue is now expected to be between DKK 68-73M at the end of 2022 (previous expectation DKK 75-85M).
The pipeline of potential new contracts is still significant and growing, which bodes well for future growth. However, global macro-economic uncertainty has led to prolonged decision-making processes, pushing final decisions into 2023.
Outlook of revenue remains unchanged in the range of DKK 26-31M as announced in Company Announcement no. 11 and outlook of EBITDA remains unchanged as announced in company announcement no. 4
CONTACT INFORMATION
MapsPeople A/S
Morten Brøgger, CEO
Mobile (+45) 31 23 48 72
Email [email protected]
Stigsborgvej 60, 9400 Nørresundby
Certified Advisor
Grant Thornton
Jesper Skaarup Vestergaard
Mobile (+45) 31 79 90 00
Grant Thornton Stockholmsgade 45 2100 Copenhagen Ø Denmark
Source: MapsPeople
