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

<ul>
<li>On 15 August 2025, Verve Group (SE) published its Q2 and half-year figures for 2025.</li>
<li>According to these figures, the ad tech group recorded a positive sales and earnings performance despite a persistently challenging environment.</li>
<li>In addition to a strong start to the year, the first half of 2025 was also marked by challenges in the second quarter, with delays in the completion of the platform migration (mid-August instead of the end of June) leading to weaker quarterly performance.</li>
</ul>


On 15 August 2025, Verve Group (SE) published its Q2 and half-year figures for 2025.
According to these figures, the ad tech group recorded a positive sales and earnings performance despite a persistently challenging environment.
In addition to a strong start to the year, the first half of 2025 was also marked by challenges in the second quarter, with delays in the completion of the platform migration (mid-August instead of the end of June) leading to weaker quarterly performance.


Research Note english - Verve Group SE - 14.10.25