Bank-In­de­pen­dent In­vest­ment Hou­se, GBC AG

GBC AG

Research study based on publicly available financial figures. Includes a description of the business performance, forecasts and a valuation model.

Bank-In­de­pen­dent In­vest­ment Hou­se

GBC AG, headquartered in Augsburg, is one of the leading bank-independent investment houses in Germany and an experienced issuing expert for German SMEs.

As an owner-managed company, GBC AG knows the financing needs of German SMEs and is an independent and reliable partner for all capital market issues.

Within the GBC Group, GBC AG offers corporate analysis & research, capital market & financing consulting as well as capital market conferences.

GBC Kapital GmbH complements the services in the group with corporate finance in the areas of placement & brokerage of bonds and shares.

Equity Bottom-Up

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<li>On 28 November 2024, the Verve Group (SE) published its nine-month and Q3 figures for the current financial year.</li>
<li>Thanks to its strong market positioning, particularly with innovative customer solutions (e.g. ATOM or Moments.AI) in the mobile advertising segment, the ad tech group was able to benefit significantly from the advertising market recovery in the past nine months and achieve a dynamic increase in consolidated digital revenue of 31.1% to € 292.78 million (9M 2023: € 223.27 million).</li>
<li>Growth was mainly driven by increased demand for ID-less targeting solutions from new advertising customers and increased budgets from existing customers (net USD expansion rate at the end of Q3 2024: 108% vs. 93.0% at the end of Q3 2023) as well as increased revenue from mobile full-screen and video advertising formats.</li>
</ul>


On 28 November 2024, the Verve Group (SE) published its nine-month and Q3 figures for the current financial year.
Thanks to its strong market positioning, particularly with innovative customer solutions (e.g. ATOM or Moments.AI) in the mobile advertising segment, the ad tech group was able to benefit significantly from the advertising market recovery in the past nine months and achieve a dynamic increase in consolidated digital revenue of 31.1% to € 292.78 million (9M 2023: € 223.27 million).
Growth was mainly driven by increased demand for ID-less targeting solutions from new advertising customers and increased budgets from existing customers (net USD expansion rate at the end of Q3 2024: 108% vs. 93.0% at the end of Q3 2023) as well as increased revenue from mobile full-screen and video advertising formats.


Research Comment english - Verve Group SE - 05.12.2024