Verve Group SE Receives Positive Outlook from First Berlin Equity Research

First Berlin Equity Research GmbH has released a new report on Verve Group SE, maintaining a BUY recommendation with a target price of €4.50. This decision follows the preliminary fourth-quarter results, which were aligned with forecasts. A key highlight was the return to revenue growth after two quarters, alongside improved gross margins due to platform unifications.

Looking ahead, management forecasts 2026 revenues between €680 million and €730 million, and an adjusted EBITDA of €145 million to €175 million. These projections suggest potential market share growth in a digital advertising sector poised for 10% to 13% growth this year. First Berlin considers the earnings guidance conservative, providing room for potential outperformance.

The definitive 2025 figures will be published on February 19, at which time the forecasts for 2026 will be reviewed and adjusted as needed. The current recommendation remains Buy.