Verve Publishes Interim Report Q2 2024 With Organic Revenue Growth of 26% and EBITDA Growth of 37%, Capital Markets Day starting 10:00 CEST EQS-News: Verve Group SE / Schlagwort(e): Halbjahresbericht / Quartalsergebnis Verve Publishes Interim Report Q2 2024 With Organic Revenue Growth of 26% and EBITDA Growth of 37%, Capital Markets Day starting 10:00 CEST 29.08.2024 / 08:00 CET / CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.

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

EQS-News: Verve Group SE / Schlagwort(e): Halbjahresbericht/Quartalsergebnis
Verve Publishes Interim Report Q2 2024 With Organic Revenue Growth of 26%
and EBITDA Growth of 37%, Capital Markets Day starting 10:00 CEST

29.08.2024 / 08:00 CET/CEST
Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.

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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.

FINANCIAL HIGHLIGHTS Q2 2024

   * Net revenue EUR96.6m (EUR76.2m), an         * Operating Cashflow before
   increase of 27% * Organic net             changes in WC amounted to EUR31.2m
   revenue increased by 26%, driven          (EUR20.8m) * Total net debt,
   by new Software Clients as well as        amounted to EUR299.8m (EUR307.7m) *
   budget increases from existing            Reported leverage ratio of 2.2x
   Software Clients * Adj. EBITDA            (3.6x) * Adj. Leverage Ratio of
   EUR29.1m (EUR21.3m), an increase of           2.8x (3.2x) * Cash position
   37%, with an adj. EBITDA margin of        amounted to EUR144.8m (EUR107.6m) *
   30% (28%) * Adj. EBIT EUR23.2m              Earnings Per Share (EPS) amounted
   (EUR16.6m), an increase of 40% *            to EUR0.04 (EUR0.01) * Adj. EPS
   Items affecting comparability             amounted to EUR0.05 (EUR0.02) * Total
   impacting EBITDA of EUR1.0m (EUR1.3m)         Assets amounted to EUR1,059
   mainly for legal and ESOP costs *         (EUR1,003) * Equity Ratio was 38%
   Adj. net result of EUR8.8m (EUR4.0m),         (32%) * 33% Increase in Software
   an increase of 122%                       Clients to 851 (642)
QUOTE FROM THE CEO

"With EUR96.6m in revenues achieved in the second quarter, we have delivered
an organic revenue growth rate of 26%. Our ability to drive higher revenues
on a structurally reduced fixed costs basis enabled us to achieve improved
profitability, resulting in an adj. EBITDA of EUR29.1m and an adj. EBITDA
margin of 30%. Our commitment to privacy-first advertising solutions, which
result in better outcomes for our clients, is the main driver of this
success. This is evidenced by a strong increase in the number of large
software clients, which grew by 33% to 851, while the number of ad
impressions increased by 24% to 224 billion. Based on our expanded customer
reach, as well as further customer onboardings driven by our ongoing
investments into privacy-first targeting solutions, we expect continued
robust organic growth in the years to come. As a result, we raise our 2024
full-year guidance to EUR400 million-EUR420 million in revenues and EUR125
million-EUR135 million in adj. EBITDA. Our growth journey has just begun..."
commented Remco Westermann, CEO of Verve.

KEY FIGURES Q2 2024

                              2024  2023  2024   2023   2023
    In EURm                     Q2    Q2    H1     H1     FY
    Net Revenues              96.6  76.2  179.0  144.9  322.0
    Y-o-Y Growth in Revenues  27%   -2%   24%    1%     -1%
    EBITDA                    28.1  20.0  48.3   37.4   128.5
    EBITDA Margin             29%   26%   27%    26%    40%
    Adj. EBITDA               29.1  21.3  51.1   40.4   95.2
    Adj. EBITDA Margin        30%   28%   29%    28%    30%
    EBIT                      19.6  12.8  31.9   23.9   99.0
    EBIT Margin               20%   17%   18%    16%    31%
    Adj. EBIT                 23.2  16.6  39.8   31.7   76.9
    Adj. EBIT Margin          24%   22%   22%    22%    24%
    Net Result                6.3   1.5   6.9    2.1    46.2
    Net Result Margin         6%    2%    4%     1%     14%
    Adj. Net Result           8.8   4.0   11.9   7.0    57.4
    Adj. Net Result Margin    9%    5%    7%     5%     18%

FINANCIAL GUIDANCE

    In EURm    FY20-  Initial        Second Guidance 2024  Third Guidance
             23     Guidance 2024  (post Jun)            2024
    Revenue  322    350-370        380-400               400-420
    Adj.     95     100-110        115-125               125-135
    EBITDA
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 2024 CAPITAL MARKETS DAY

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.

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

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.


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29.08.2024 CET/CEST Veröffentlichung einer Corporate News/Finanznachricht,
übermittelt durch EQS News - ein Service der EQS Group AG.
Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.

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   Sprache:        Deutsch
   Unternehmen:    Verve Group SE
                   c/o Match2One AB, Stureplan 6
                   114 35 Stockholm
                   Schweden
   Telefon:        +491703769571
   E-Mail:         info@mgi-se.com
   Internet:       www.mgi-se.com
   ISIN:           SE0018538068
   WKN:            A3D3A1
   Börsen:         Freiverkehr in Düsseldorf, Frankfurt (Scale), Tradegate
                   Exchange; FNSE
   EQS News ID:    1977245



   Ende der Mitteilung    EQS News-Service
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1977245 29.08.2024 CET/CEST