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Edge20 Mar 2026
Tetra Pak: The Shape of Innovation
The story of Tetra Pak, the Rausing family, and how a paper tetrahedron gave rise to a company that now delivers almost 180 billion packages a year.
Maps
Maps (MAPS) investor relations material
Maps H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 2025 earnings summary27 Mar, 2026
Executive summary
Value of production rose 6% year-over-year to €35.1M, with total revenues up 6% to €31.6M.
Proprietary software products now represent 95% of core revenues, up from 87% in 2024, driven by healthcare.
Project revenues declined sharply by 54%, while product revenues grew 13% year-over-year.
EBITDA decreased to €5.6M (18% margin) from €7.4M (25% margin) due to contraction in projects and retention of project staff.
Net profit fell to €0.6M from €1.9M year-over-year.
Financial highlights
Healthcare product revenues increased 11% to €21.8M; recurring fees from healthcare products rose 12% to €9.3M.
Contribution margin dropped to €13.8M (45% of core revenues) from €15.2M, reflecting project contraction.
Net financial position worsened to €12.7M from €7.0M, mainly due to the Ellysse S.r.l. acquisition.
Shareholders’ equity increased to €26.3M from €25.7M.
Outlook and guidance
Management expects continued growth in digital, healthcare, and energy markets, focusing on innovation and proprietary platforms.
Macroeconomic uncertainty persists, but sector demand for software, cloud, and AI remains strong.
Strategic focus remains on healthcare and energy, with plans to scale solutions and pursue both organic and external growth.
Strategy to address Mindlab negative EBITDA
Timeline for margin recovery post-staff retention
Ellysse acquisition impact on leverage and NFP
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Latest events from Maps
- Healthcare-led product growth and Ellysse acquisition drive strategy amid margin pressure.MAPS
H1 202524 Sep 2025 - Digital transformation in healthcare and energy drives robust growth and strong future outlook.MAPSInvestor Presentation15 Jul 2025
- 2024 saw record profitability, strong product-driven growth, and a robust outlook to 2027.MAPSInvestor Presentation15 Jul 2025
- Record profitability and product-driven growth position the group for further expansion.MAPSInvestor Presentation15 Jul 2025
- Profitability and cash flow surged in 1H 2024, driven by double-digit revenue growth.MAPSH1 202415 Jul 2025
- Record profitability and cash flow growth driven by scalable products and healthcare strength.MAPSH2 202415 Jul 2025
Next Maps earnings date
H1 202623 Sep, 2026
Maps
Next Maps earnings date
H1 202623 Sep, 2026
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Leroy DaleyApp Store
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Eferix Drawings Google Play
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@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
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