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. 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 €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)

 

QUOTE FROM THE CEO