---
title: MapsPeople adjusts ARR guidance for 2022
description: 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.
---

[Investor news ](https://blog.mapspeople.com/investor-news)

# [MapsPeople adjusts ARR guidance for 2022](https://blog.mapspeople.com/investor-news/mapspeople-adjusts-arr-guidance-for-2022)

 Written by [MapsPeople Finance](https://blog.mapspeople.com/investor-news/author/mapspeople-finance) | Dec 13, 2022 9:00:00 AM

Inside Information

*Company Announcement No.20 - 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.

[Download company announcement (pdf) >](https://blog.mapspeople.com/hubfs/9%202022%20MapsPeople-adjusts-ARR-guidance-for-2022-2022.pdf)

 

**CONTACT INFORMATION **

MapsPeople A/S:

Morten Brøgger, CEO 

Mobile (+45) 31 23 48 72 

Email mobr@mapspeople.com  

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 

[View full post](https://blog.mapspeople.com/investor-news/mapspeople-adjusts-arr-guidance-for-2022)

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