Verve Publishes Interim Report Q2 2024 With Organic Revenue Growth of 26% and EBITDA Growth of 37%, Capital Markets Day starting 10:00 CEST

August 29, 2024 (08:00 CEST) – Verve Group SE ("Verve" or the "Company", ISIN: SE0018538068; ticker: VER, Inside Information) a fast-growing, profitable digital media company that provides AI-driven advertising-software solutions, publishes its Interim Report Q2 2024.  

• Net revenue €96.6m (€76.2m), an increase of 27%
• Organic net revenue increased by 26%, driven by new Software Clients as well as budget increases from existing Software Clients  
• Adj. EBITDA €29.1m (€21.3m), an increase of 37%, with an adj. EBITDA margin of 30% (28%)
• Adj. EBIT €23.2m (€16.6m), an increase of 40%
• Items affecting comparability impacting EBITDA of €1.0m (€1.3m) mainly for legal and ESOP costs
• Adj. net result of €8.8m (€4.0m), an increase of 122%
• Operating Cashflow before changes in WC amounted to €31.2m (€20.8m)
• Total net debt, amounted to €299.8m (€307.7m)
• Reported leverage ratio of 2.2x (3.6x)
• Adj. Leverage Ratio of 2.8x (3.2x)
• Cash position amounted to €144.8m (€107.6m)  
• Earnings Per Share (EPS) amounted to €0.04 (€0.01)  
• Adj. EPS amounted to €0.05 (€0.02)  
• Total Assets amounted to €1,059 (€1,003)
• Equity Ratio was 38% (32%)  
• 33% Increase in Software Clients to 851 (642) 

The Interim Report Q2 2024 is available on Verve’s corporate website at  https://investors.verve.com/investor-relations/financial-reports-and-presentations/ in the Investor Relations section. 

Verve's Capital Markets Day starts today at 10 am (CEST). The management team as well as external experts will discuss the latest developments within Verve and the advertising industry.

Join us to dive deeper into Verve's mission “Lets' make media better” and gain a deeper insight into Verve's strategic direction and growth potential.

The event will be broadcast online and can be accessed via the following link: https://ir.financialhearings.com/verve-cmd-2024/register  

After the event, the video will be available on-demand to investors on Verve’s corporate website at  https://investors.verve.com/investor-relations/financial-reports-and-presentations/ in the Investor Relations section. 

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. 

Sören Barz 
Head of Investor Relations 
+49 170 376 9571 
soeren.barz@verve.com 
www.investors.verve.com 

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. 

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.