Privacy preferences
Inderes uses cookies to provide a better user experience and a personalised service. By consenting to the use of cookies, we can develop an even better service and will be able to provide content that is interesting to you.
  • Forum
  • Stock Markets
    • MarketsLive prices, indices, and market performance
    • Stock CalendarUpcoming earnings, listings, and corporate events
    • Dividends CalendarFuture and past dividends
  • Companies
    • CompaniesBrowse and filter the full list of listed companies
    • DiscoveryInspiration for your next investment
    • IPOsNew listings and upcoming public offerings
    • AGM InvitationsAnnual general meeting dates and shareholder info
  • Stock Research
    • ResearchExpert stock analysis and recommendations
    • ArticlesNews, insights, and market commentary
    • inderesTVVideo hub for stock research, analysis, and expert commentary
    • TranscriptsFull text records of earnings calls and investor meetings
    • Stock ComparisonCompare financials and performance across multiple stocks
    • Earnings SeasonCompare EPS estimates to reported results
    • Compound Interest CalculatorSee how your savings grow with the power of compound interest.
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Get in touch
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer

Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.

Double-digit revenue growth expected in 2024

VERResearch01.03.2024, 08.29
Anton DamsténAnalyst
Discuss
Download report (PDF)

MGI's Q4 revenues were well ahead of our and consensus expectations. During the quarter, MGI saw the beginnings of a recovery in the advertising market, which has continued into the first months of 2024. As a result, MGI's outlook for the current year is a return to double-digit revenue growth. This is a significant improvement over our previous assumption of a sluggish year and leads us to raise our revenue estimates. With the improved outlook, we believe the risk/reward ratio has further improved.

Verve (Ticker: VER) 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 the 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. 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 three secured bonds listed on Nasdaq Stockholm and the Frankfurt Stock Exchange Open Market.

Read more on company page

Key Estimate Figures01.03.2024

202324e25e
Revenue322.0357.7390.0
growth-%-0.8 %11.1 %9.0 %
EBIT (adj.)76.978.574.5
EBIT-% (adj.)23.9 %22.0 %19.1 %
EPS (adj.)0.150.160.18
Dividend0.000.000.00
Dividend %
P/E (adj.)6.86.55.8
EV/EBITDA3.64.84.8

Forum discussions

Well, I’d be surprised if someone puts over half a million euros into stocks knowing their value will drop. He has certainly bought at higher...
9/8/2026, 10:45 AM
by AP
1
placera.se Verve Groups vd och storägare Remco Westermann ökar aktieinnehavet | Placera.se Verve Groups vd och storägare Remco Westermann ökar...
9/2/2026, 12:29 PM
by Gwertheney
13
Profitability (per sales person) is a function of Sales (per sales person) as the Cost (per sales person) is already incurred so the Gross Profit...
8/31/2026, 7:45 AM
1
@Geologiopiskelija Is there another Interview with Remco Westermann after the Q2 numbers? If so I have a question: Verve Group has significantly...
8/29/2026, 11:54 AM
by Valerio Ferruggia
9
Christoffer has published a new company report on Verve Verve’s Q2 result fell short of our expectations across the board, as macroeconomic ...
8/28/2026, 6:23 AM
by Sijoittaja-alokas
6
The adjusted EBITDA guidance is 145–175m, and now 58m is in the bag, meaning 87m would need to be achieved in H2 to reach the lower bound. Last...
8/27/2026, 8:52 AM
by Poppamies
5
Of course, it’s worth remembering the heavy debt load. If the share price drops by 25%, the company’s equity value drops by less than 10% when...
8/27/2026, 8:51 AM
by Critter
6