contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Analyst

Anton Damstén

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.

I can answer on behalf of the analyst regarding the 2026 vs 2025 question, things that everyone following the chain/company should know; in 2025, at least two quarters performed worse than anticipated due to system integrations. This problem will no longer exist on a similar scale in 2026, meaning there will be “weak comparison periods,” whereas this year faced very strong 2024 comparison periods. Secondly, the advertising market should be stronger in 2026 than in 2025, assuming nothing revolutionary (again) happens. US election years are stronger than non-election years. +Known acquisitions made in 2025, unless that 29% was the analyst’s organic growth forecast. I wouldn’t believe in such strong organic growth, even though the company has historically been capable of it.

@christoffer.jennel Thanks for a very good video interview👍 You expect Verve’s revenue to grow by around 29% in 2026 and that the result will improve significantly compared to 2025. What are the 2–3 most concrete things driving this development, and what makes 2026 so much better than 2025? And finally: which assumption in your forecast is the most sensitive if something doesn’t go as planned?

The questions were really well formulated, the answers were also good, and this was a clear relief for the market. Many investors had many unanswered questions, to which good answers were now provided. Could you make this a tradition, having a short interview after every quarter? However, ensuring a certain depth is maintained, meaning it doesn’t have to be immediately after the results, but perhaps a week later, allowing time to calmly digest the results and ask more in-depth questions. The forum here would also gladly submit questions. This would also improve the company’s communication with the market, as many investors do not listen to the Q&A section after the results. Today’s interview was a clear demonstration of the concept working, and both the company and investors benefited from it.

Good set and special thanks to Christoffer, well done!

Hi everyone! We have just published a longer interview with CEO Remco Westermann. Hope you enjoy it!                   Inderes              A sit-down with CEO Remco Westermann - Inderes    Time: 2025-12-12 09:09 In this interview, we sit down with Verve Group’s CEO Remco Westermann reflecting on 2025 and the path forward.

Factoring: Why was Factoring used less than usual in Q3? What is the overall strategy for factoring in the long run? Can it be reduced, or is it inherent to the nature of the business? Cash Flow: Why is cash flow so weak? When will it improve, and what are the drivers? What is the target for cash flow conversion? Artificial Intelligence/AI: Has the market changed with AI/ChatGPT, meaning there is less demand/volume where Verve operates? Verve as an acquisition target: Is Verve an interesting acquisition target for other players? What are the biggest synergies a buyer could gain from Verve? If someone were to acquire Verve, would integrating it into their own business be challenging? The company’s valuation has become very low by practically any metric. Has the company been approached with an acquisition offer in the last 12 months? (This can be disclosed according to MAR regulations if desired) M&A: Net debt relative to EBITDA is very high; are M&A activities on hold even if an interesting target is found? If a good target is found, would it be acquired if financing occurs through a directed share issue? Focus: Where is management’s focus, what is the biggest challenge being focused on, and where is improvement being sought? Risks: How confident is management that the platform integration challenges are now behind them? Competition: The market is constantly evolving; has Verve’s relative competitiveness weakened compared to other players? (Figures have weakened, and competitors have reported very strong figures) Market: How does the beginning of Q4 look compared to last year – is visibility better or weaker? Looking at the big picture, will the overall market next year be easier/harder/similar to this year? (The assumption is easier, as tariffs and uncertainty affected advertising budgets, especially in H1, and now there will be no incremental negative impact from them)

The questions are partly formulated in a moderately passive-aggressive way, but I’m sure Christoffer will make them presentable

Verve Group

MGI’s Q4 figures came in at the top end of the guidance beating our estimates. We raised our 2023-2024 estimates regarding operating profit slightly considering the strong underlying performance...

<p>MGI’s Q4 figures came in at the top end of the guidance beating our estimates. We raised our 2023-2024 estimates regarding operating profit slightly considering the strong underlying performance of Q4 and our somewhat more positive outlook for current year. At the current market price MGI’s valuation is still rather low. We reiterate our Buy recommendation and raise the target price to 26 SEK (prev. 23 SEK).</p> 

	2022	23e	24e
Revenue	324.4	353.9	399.1
growth-%	28.7 %	9.1 %	12.8 %
EBIT (adj.)	76.6	68.9	74.4
EBIT-% (adj.)	23.6 %	19.5 %	18.6 %
EPS (adj.)	0.19	0.18	0.21
Dividend	0.00	0.00	0.00
Dividend %
P/E (adj.)	9.2	9.3	7.7
EV/EBITDA	6.4	5.8	5.2

MGI: Risk-to-reward ratio still attractive

Key Estimate Figures2023-03-01

Forum discussions