HC Andersen Capital Events 01/09: Mød topledelsen i River Tech, RISMA & MapsPeople

HC Andersen Capital afholder i dag en række spændende events, hvor du kan møde og stille spørgsmål direkte til topledelsen. Det er frit for alle og gratis at deltage.

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Event in english

RiverTech - Presentation of H1 results 2022Yesterday River Tech Plc published its H1 2022 results yesterday showing continued development of the business with y/y revenue growth of 48%, y/y EBITDA growth of 53% and y/y profit from continuing operations growth of 90%. The group realised revenues of EURm 6.8, EBITDA of EURm 4.1 and profit from continuing operations of EURm 3.8. The results reflected steady gross margins at 77%, with a slight growth in EBITDA margins from to 61% from 59% in H1 21, and growth in profit from continuing operations margins to 56% from 44% in H1 21.

River Tech also made significant developments toward securing its financial security by securing a 12-month loan extension for an outstanding loan balance of EURm 5.9, which was originally due in July 2022. The company now expects to be debt free following H2 2023 and afterwards has ambitions to return value to shareholders through dividends.

To hear more about River Tech, its developments in H1 2022, its tech solution for the iGaming space and its outlook looking forward. Join our event where the River Tech management will present the results. 

Thursday 1st of September kl. 10:00 - 10:30

Sign up via. link

RISMA - Præsentation af H1 2022
RISMA Systems aflagde i forgårs efter markedets luk regnskab for H1 2022 og offentliggjorde ny strategi og guidance samt planer om at hente mellem DKK 10-20 mio. i ny kapital i fjerde kvartal 2022.

Ved udgangen af første halvår 2022 har RISMA øget den totale ARR til DKK 19,0 mio. svarende til en vækst på 38% YoY. Selskabet melder, at salgsaktiviteterne i Danmark går efter planen, mens salget i Sverige og Norge også skrider fremad, men markedspenetreringen tager lidt længere tid end ventet.

Med selskabets nye strategi ”Sustainable Growth Journey”, der tilpasser sig de sværere vilkår på kapitalmarkederne, øger RISMA fokus på profitabilitet og sænker cash burn. Samtidig nedjusterer RISMA deres ARR guidance ved udgangen af 2022 fra DKK 25-28 mio. til DKK 23-26 mio., hvilket fortsat indebærer en høj vækst på 50-70%. EBITDA guidance for 2022 fastholdes på DKK -21 til -23 mio.

Nyt er også, at RISMA vil hente DKK 10-20 mio. i ny kapital i fjerde kvartal 2022, hvor DKK 10 mio. allerede er garanteret af eksisterende aktionærer. Med denne kapitaludvidelse ventes RISMA at være tilstrækkelig finansieret til at nå break even.

RISMA er også ude at løfte sløret til forventningerne for 2023, hvor ARR estimeres at vokse 40-60% til DKK 34-38 mio., og EBITDA ventes i niveauet DKK -9 mio. til -13 mio. Disse tal er eksklusive potentiel yderligere ekspandering i nye markeder udenfor Danmark, Norge og Sverige. På produktsiden er RISMA ved at udvikle en ny løsning til EU direktivet, the corporate sustainability reporting directive (CSRD). Fra i slutningen af 2022 ventes RISMA derfor både at have den nye CSRD-løsning og potentielt andre relaterede løsninger samt selskabets GRC-suite. Væksten fremadrettet ventes i høj grad at komme fra de nye produkter relateret til bæredygtighed. 

I dag kan du få en gennemgang af ledelsen i RISMA, der vil præsentere regnskabet og den nye strategi. 

Torsdag den 1. september kl. 11:00 - 11:30

Tilmelding via. link
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Event in english

MapsPeople - Præsentation af H1 2022
Yesterday, MapsPeople has announced its financial report for H1 2022. MapsPeople grew the total ARR to DKK 51.5 million, corresponding to a growth rate of 61% y-o-y. In line with the company’s business plan, ARR growth is driven by the MapsIndoors segment which grew 93% year-on-year, and 96% of new ARR is partner based.

MapsPeople maintains its ARR guidance of DKK 75-85 million by the end of 2022. With an increase in ARR of DKK 10.4 million in H1 2022, MapsPeople expects a strong second half with new ARR of at least DKK 23.5 million to reach the low-end of the guidance interval. This is in line with expectations as Q3 and Q4 historically are the strongest quarters with the highest growth rates.

Focusing on the SaaS metrics, churn and contraction for MapsIndoors constitute 5% year-to-date, primarily within the Corporate Offices segment. Net revenue retention rate (NRR) was 113% on the existing customer base (121% in Q2 2021). The decrease in NRR is explained by churn of one non-strategic partner.

Outlook of revenue is downgraded to DKK 26-31 million from DKK 40-45 million for 2022. The reason is the partner strategy that has impacted the revenue recognition as the majority of the ARR is committed partner agreements, which can extend the recognition for up to 1 year.

MapsPeople also highlights that both EBITDA and cash is better than planned due to continued review of business plans and adjustments to the changes in market conditions. EBITDA outlook remains unchanged in the range of minus DKK 53-58 million for 2022.

Thursday 1st of September kl. 13:00 - 13:30

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Disclaimer: HC Andersen Capital modtager betaling fra de nævnte selskaber for en Digital IR/Corporate Visibility abonnementsaftale. Indholdet er ikke købs- eller salgsanbefalinger.
 

Mie Halse
Head of Digital and Events
mie@hcandersencapital.dk
+45 28746640
 

HC Andersen Capital digitaliserer relationen mellem børsnoterede selskaber og investorer. Vi arbejder langsigtet for selskaber, der ønsker mere synlighed i markedet. #DemocraticIR - HC AndersenCapital arbejder for at demokratisere adgangen til det finansielle marked.