EQS-News: Verve Achieves 45% Revenue and 45% EBITDA Growth in Q3 2024, Strong Free Cashflow Reduces Leverage Ratio to 2.6x, Jun Group Accelerates Organic Growth Post M&A
EQS-News: Verve Group SE
/ Key word(s): 9 Month figures/Interim Report
Verve Achieves 45% Revenue and 45% EBITDA Growth in Q3 2024, Strong Free Cashflow Reduces Leverage Ratio to 2.6x, Jun Group Accelerates Organic Growth Post M&A Net Revenues increased by 45% to 113.7 (78.3) €m
Adjusted EBITDA increased by 45% to 33.6 (23.1) €m
Further Key Highlights Q3
November 28, 2024 (08:00 CET) – Verve Group SE ("Verve" or the "Company", ISIN: SE0018538068; ticker: VER / M8G) a fast-growing, profitable digital media company that provides AI-driven advertising-software solutions, publishes its Interim Report Q3 2024.
QUOTE FROM THE CEO “I am excited to share that Verve achieved further substantial growth in the third quarter of 2024. Our net revenue reached 114 €m, reflecting an impressive year-over-year revenue growth of 45%, of which 31% was driven organically (excluding FX and Jun Group). We generated particularly strong growth in the US, which now represents 80% of our revenues. Verve’s strong growth has been fueled primarily by our leading position in mobile in-app advertising combined with our strength in ID-less advertising solutions. Ongoing AI technology improvements coupled with feedback loops from each single transaction continuously strengthen our targeting capabilities. Addressability in the fast-growing ID-less part of the ad market is currently one of the biggest challenges for both advertisers and publishers, which is why Verve’s ID-less solutions strongly resonate with new and existing clients. This is confirmed by a 56% increase in the number of large software clients in the third quarter and a net $ expansion rate of existing clients of 108%. As we work on integrating the Jun Group demand activities into the Verve Group, we are proud to report accelerating organic growth on a stand-alone-basis for Jun Group, rising from 2% in Q2 2024 (pre-acquisition) to 7% in Q3 2024 (two months with Verve) and reaching 13% in October 2024. Our adjusted EBITDA saw a notable year-over-year increase of 45%, reaching 34 €m, with a margin of 30% (compared to 29% in Q3 2023). While further increasing our EBITDA, we continue to invest in our sales force and in enhancing our product and platform capabilities. Looking ahead, we expect continued strong organic revenue growth for the remainder of 2024 and beyond, along with further improvements in profitability. Our growth trajectory remains strong." commented Remco Westermann, CEO of Verve”. KEY FIGURES
Notes: (1) Definitions can be found in the Interim Report Q3 2024 on page 17. (2) High EPS in 3Q23 due to large one-off income from the AxesInMotion earn-out release. The Interim Report Q3 2024 is available on Verve’s corporate website at https://investors.verve.com/investor-relations/financial-reports-and-presentations/ in the Investor Relations section. Investor Presentation 10:30 CET, November 28, 2024 Verve invites investors to the presentation of its Q3 2024 results by Remco Westermann (CEO) and Paul Echt (CFO) at 10:30 am CET. The presentation will be held in English and will also be available on-demand on the Company’s website: www.investors.verve.com. To participate via webcast, please visit: https://verve-group.videosync.fi/verve-group-q3-report-2024 To participate via phone and ask questions, please register at the following link: https://conference.financialhearings.com/teleconference/?id=5003783 Responsible parties The information in this press release has been made public through the agency of the responsible person set out below for publication at the time stated by Verve's news distributor EQS Newswire at the publication of this press release. The responsible person below may be contacted for further information.
For further information, please contact: Sören Barz
About Verve Verve ("Verve" or the "Company", ISIN: SE0018538068; ticker: VER / M8G) is a fast-growing, profitable digital media company that provides AI-driven ad-software solutions. Verve matches global advertiser demand with publisher ad-supply, enhancing results through first-party data from its own content. Aligned with our mission, “Let’s make media better,” the company focuses on enabling better outcomes for brands, agencies, and publishers with responsible advertising solutions, with an emphasis on emerging media channels. Verve’s main operational presence is in North America and Europe, and it is registered as a Societas Europaea in Sweden (registration number 517100-0143). Its shares are listed on the Nasdaq First North Premier Growth Market in Stockholm and the Scale segment of the Frankfurt Stock Exchange. The company has two secured bonds listed on Nasdaq Stockholm and the Frankfurt Stock Exchange Open Market. Verve's certified advisor on the Nasdaq First North Premier Growth Market is FNCA Sweden AB; contact info: info@fnca.se.
Forward-looking statements This release contains forward-looking statements that reflect the Company's intentions, beliefs, or current expectations about and targets for the Company's and the group's future results of operations, financial condition, liquidity, performance, prospects, anticipated growth, strategies and opportunities and the markets in which the Company and the group operates. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "expect", "anticipate", "intend", "may", "plan", "estimate", "will", "should", "could", "aim" or "might", or, in each case, their negative, or similar expressions. The forward-looking statements in this release, including the pro-forma financial figures addressed therein, are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that the expectations reflected in these forward-looking statements and pro-forma financial numbers are reasonable it can give no assurances that they will materialize or prove to be correct. Because these statements are based on assumptions or estimates and are subject to risks and uncertainties, the actual results or outcome could differ materially from those set out in the forward-looking statements as a result of many factors. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The Company does not guarantee that the assumptions underlying the forward-looking statements in this release (including the pro-forma financial figures) are free from errors and readers of this release should not place undue reliance on the forward-looking statements in this release. The information, opinions and forward-looking statements that are expressly or implicitly contained herein speak only as of its date and are subject to change without notice. Neither the Company nor anyone else undertake to review, update, confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this release, unless it is so required by law or applicable stock exchange rules.
28.11.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
Language: | English |
Company: | Verve Group SE |
c/o Match2One AB, Stureplan 6 | |
114 35 Stockholm | |
Sweden | |
Phone: | +491703769571 |
E-mail: | info@mgi-se.com |
Internet: | www.mgi-se.com |
ISIN: | SE0018538068 |
WKN: | A3D3A1 |
Listed: | Regulated Unofficial Market in Dusseldorf, Frankfurt (Scale), Tradegate Exchange; FNSE |
EQS News ID: | 2039949 |
End of News | EQS News Service |
|
2039949 28.11.2024 CET/CEST
Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.
The most important financial data at a glance | ||||||||
2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | ||
Sales1 | 32,62 | 83,89 | 140,22 | 252,17 | 324,44 | 321,98 | 416,00 | |
EBITDA1,2 | 8,65 | 15,54 | 26,55 | 65,04 | 84,75 | 128,46 | 132,00 | |
EBITDA-Margin3 | 26,52 | 18,52 | 18,94 | 25,79 | 26,12 | 39,90 | 31,73 | |
EBIT1,4 | 2,33 | 5,00 | 11,04 | 36,80 | 26,62 | 99,00 | 0,00 | |
EBIT-Margin5 | 7,14 | 5,96 | 7,87 | 14,59 | 8,21 | 30,75 | 0,00 | |
Net Profit (Loss)1 | 1,58 | 1,25 | 2,71 | 16,06 | -20,41 | 46,22 | 0,00 | |
Net-Margin6 | 4,84 | 1,49 | 1,93 | 6,37 | -6,29 | 14,36 | 0,00 | |
Cashflow1,7 | 4,93 | 16,20 | 25,20 | 64,84 | 134,22 | 69,45 | 0,00 | |
Earnings per share8 | 0,09 | -0,01 | 0,03 | 0,11 | -0,12 | 0,26 | 0,11 | |
Dividend per share8 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 |
1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de
Auditor: Deloitte
All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.
INVESTOR-INFORMATION | ||||||
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Verve Group | ||||||
WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
A3D3A1 | SE0018538068 | SE | 591,45 Mio € | Halten | 9FFW83PF+F9 |
PE 2025e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
26,33 | 23,87 | 1,10 | 56,43 | 1,68 | 8,52 | 1,84 |
Dividend '2022 in € |
Dividend '2023 in € |
Dividend '2024e in € |
Div.-Yield '2024e in % |
0,00 | 0,00 | 0,00 | 0,00% |
Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
11.06.2025 | 28.05.2025 | 19.08.2025 | 28.11.2024 | 18.04.2024 |
Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
-10,19% | +23,61% | +221,46% | +212,25% | +172,41% |
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