Edison Issues Report on Verve Group (VER)

London, United Kingdom–(Newsfile Corp. – December 13, 2024) – Edison issues report on Verve Group (OMX: VER).

Verve Group is emerging as a strong adtech player, with particular strength in mobile and growing positions in connected TV (CTV) and digital out-of-home (DOOH). The recent Q324 update showed a further sequential quarterly increase in top-line organic growth to 31% as its ID-less advertising solutions build traction in the market. Comparatives now start to toughen, but we have edged our FY24 revenue forecast to the top of management’s guided €400-420m range, delivering adjusted EBITDA in the upper half of a €125-135m range. We now publish our first thoughts on FY26, showing further good growth. Despite a substantial re-rating from €1.03 at the start of the year, the valuation remains at a discount to (mostly US-based) peers, with parity of rating indicating a price of €5.59.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/233661