HC ANDERSEN CAPITAL

SaaS Update

Share price rebounds in the Danish SaaS sector

Outlook for 2024 – is it pessimistic or just cautious?

New year with a rebound in the Danish SaaS sector

Rebound to the global SaaS sector in 2023 due to AI and declining interest rates – but not seen in the Danish SaaS sector

Interest rate relief in November – a positive stock market development, but not seen in the Danish SaaS sector yet

Large volatility with no clear signs of growth re-acceleration across the global SaaS sector

Accelerating interest rates challenge SaaS valuations

Highlights from the Danish SaaS H1 earnings season

Reports from US cloud giants show signs of growth bottoming out

Focus on 2023 guidance and the growth picture