"Verve Group SE / Key word(s): Annual Report/Quarter Results
Verve Achieves 46% Revenue and 53% Adjusted EBITDA Growth in Q4 2024, Strong Free Cashflow Reduces Leverage Ratio to 2.4x, Organic Revenue Growth of 24% in Q4’24
27.02.2025 / 08:00 CET/CEST
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Verve Achieves 46% Revenue and 53% Adjusted EBITDA Growth in Q4 2024, Strong Free Cashflow Reduces Leverage Ratio to 2.4x, Organic Revenue Growth of 24% in Q4’24
February 27, 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 Year End and Q4 Report 2024.
Net Revenues increased by 46% to 144.2 in Q4 2024 (Q4’23: 98.7) €m
57% YoY increase in number of Large Software Clients1 to 1,140 (Q4’23: 727)
33% YoY increase in Ad Impressions to 274 billion (Q4’23: 206 billion)
24% Organic Revenue Growth1 in Q4 2024 (Q4’23: 16%)
Adjusted EBITDA2 increased by 53% to 48.5 in Q4 2024 (Q4’23: 31.7) €m, Leverage now below 2.5x
Structurally improved adj. EBITDA margin of 34% in Q4 2024 (Q4’23: 32%)
Adjusted Leverage Ratio1 reduced to 2.4x as per 31 December 2024 (31 December 2023: 3.1x)
Net result surged 192% to 14.3 (Q4’23: 4.9) €m; EPS increased by 149% to 0.08 (Q4’23: 0.03) €
Key Highlights FY 2024
Guidance: With full year revenues amounting to 437 €m, Verve Group outperformed its already increased Revenue Guidance of 400–420 €m. Adj. EBITDA of 133.2 €m reached the upper end of EBITDA Guidance (125-135 €m).
Jun Group: Organic growth increased to 10% in 2024 (2023: 1%). Integration is progressing well, with substantial synergy potential to be realized in 2025.
ID Less Solutions: Revenues from iOS Apple devices – where most users opt out of tracking – grew YoY by 46% in 2024.
Key Objectives for 2025
ID-less Targeting Expansion: The shift to ID-less advertising is accelerating. Given the strong outcomes for our clients, we will continue to strategically invest in the rollout and scaling of our ID-less solutions.
Operational Focus and Improvements: The integration and unification of our current platforms is planned to be completed in 2025. We will continue to invest in innovation but also in increasing the size of our US sales force.
Growth in Free Cash Flow and EPS: EBITDA growth and potential bond refinancing are expected to further boost free cash flow, earnings per share, resulting in a further reduction of net leverage.
Favourable Market Trends: Mobile advertising in the U.S. is set to expand with +12%, in 2025 supported by a robust U.S. economy."
Quelle: www.eqs-news.com/de/news/corporate/...fc-8040-92d277d7d650_en
