GP Bullhound：2023年欧洲软件即服务（SaaS ）报告-在艰难的市场中保持弹性（英文版）（47页）.pdf

1、European SaaSreport2023In partnership withThis report is intended for professional investors only;see the back of the report for important disclosures.GP Bullhound Corporate Finance Ltd and GP Bullhound Asset Management Limited are authorised and regulated by the Financial Conduct Authority.GP Bullh

2、ound Inc is a member of FINRA.GP Bullhound Luxembourg S.r.l.is regulated by the CSSF in Luxembourg.December 20232023 EUROPEAN SAAS SURVEY“Last year,we published our first European SaaS report to benchmark key performance metrics and explore deal activity amid market uncertainty following a sharp dec

3、line in fundraisings in 2022.Given the challenging macroeconomic environment and the prevalent focus on cash preservation and profitability,it is unsurprising that growth levels across the European SaaS ecosystem remain muted,with early-stage and mature SaaS companies seeing a significant slowdown.T

4、his years report also highlights the continued focus on capital efficiency,with over a third of companies surveyed now profitable,and mature SaaS companies seeing significant improvements in headcount productivity.We include a public market update highlighting the emphasis on profitability and a mod

5、est rebound in European valuations,which have reverted in line with the 3-year mean.While 2023 has seen a significant decline in SaaS fundraising activity,overall funding remains above pre-pandemic levels.Despite the challenging market conditions,M&A activity has remained resilient.The recent growth

6、 in strategic M&A,combined with record levels of private equity dry powder has sustained quarterly deal activity following the mid-2022 peak,with$15bn of disclosed deals so far in 2023,surpassing the equivalent period last year.”ALEXIS SCORER,PARTNER AT GP BULLHOUNDThe view from GP BullhoundSource:G