MapsPeople sets ARR guidance for 2022 with an expected acceleration of growth
MapsPeople A/S | MapsPeople sets ARR guidance for 2022 with an expected acceleration of growth.
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Company Announcement No. 1 - 2022 - Internal knowledge
Aalborg, January 24th, 2022
MapsPeople sets ARR guidance for 2022 with an expected acceleration of growth
The Board of Directors has approved the 2022 budget, containing growth targets according to the Company's strategy. Following the Board of Directors' approval of the budget, the Company has set an ARR guidance of DKK 75-85M for 2022 corresponding to 82-107% growth. The corona situation has characterized 2021 and is expected to continue impacting into 2022, resulting in longer decision-making processes. 2022 opens strong with a pipeline that doubled during 2021, where the expansion is based on both a growth in the number of prospects and in the average deal size.
MapsPeople delivered at the end of 2021 an ARR of DKK 41.1 million based on a growth of 78% for MapsIndoors and a total growth of 50% for all revenue streams in 2021. The latest ARR guidance is stated at DKK 41-45 million. (company announcement no. 13-2021).
“It is very satisfying to see that after a year with continued impact from Covid-19 to both customers and partners, and a successful listing at First North Premier, the increased investments has resulted in high growth in 2021 and even higher expectations for 2022”, says CEO Michael Gram.
CONTACT INFORMATION
MapsPeople A/S
Michael Gram, CEO
Mobile (+45) 53 74 09 00
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
IMPORTANT INFORMATION
This announcement is not an offer to sell or a solicitation of any offer to buy any securities issued by MapsPeople A/S in any jurisdiction where such offer or sale would be unlawful and the announcement and the information contained herein are not for distribution or release, directly or indirectly, in or into such jurisdictions, including but not limited to, the United States, Australia, Canada or Japan.
This announcement does not constitute an offering circular, Prospectus or other offer document and nothing herein contains an offering of securities. No one should purchase or subscribe for any securities in MapsPeople A/S except on the basis of information in the company description published by the Company in connection with the Offering and admission of such securities to trading on Nasdaq First North Growth Market Denmark ("First North"), which is available on the Company's website.
Neither the existing shares of MapsPeople A/S nor the Offer Shares have been, or will be, registered under the United States Securities Act of 1933, as amended ("Securities Act"). Neither the existing shares nor the Offer Shares may be offered or sold, directly or indirectly, in or into the United States or to persons residing there. Moreover, the Offering is not made to persons resident in Australia, Hong Kong, Japan, Canada, New Zealand, South Africa, Switzerland, or Singapore or to persons whose participation would require the publication of a prospectus, registration or other measures. Any application to subscribe for the Offer Shares in violation of these restrictions may be void. Persons who receive copies of this announcement are required to inform themselves about, and comply with, such restrictions. Any failure to comply with the restrictions described may result in a violation of securities regulations.
Certain statements in this announcement constitute forward-looking statements. Forward-looking statements are statements (other than statements of historical fact) relating to future events and the Company's anticipated or planned financial and operational performance. The words "targets", "believes", "expects", "aims", "intends", "plans", "seeks", "will", "may", "might", "anticipates", "would", "could", "should", "continues", "estimates" or similar expressions or the negative forms thereof, identify certain of these forward-looking statements. Other forward-looking statements can be identified in the context in which the statements are made. The Company has based these forward-looking statements on its current views with respect to future events and financial performance. By their nature, forward-looking statements are based on certain assumptions and projections on future events and financial performance, which involve a number of risks and uncertainties that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial consequences of the plans and events described herein. Actual results are likely to differ from those set forth in the forward-looking statements. Any forward-looking statements speak only as at the date of this document and neither the Company nor any of its respective affiliates, directors, officers, employees, advisors, or any other person is under any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. You should not and may not rely on these forward-looking statements.
Source: MapsPeople