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Redeye updates its view on Verve Group following its Q3 2024 report, which showed strong growth, as indicated by the preliminary organic growth figure of 31%. Although the margin was somewhat softer than expected, the new acquisition, Jun Group, seems to be off to a good start, with accelerated organic growth. With 80% of Verve’s total revenues coming from the US, we expect continued solid underlying market ahead. Redeye has revised its estimates and valuation following the report.
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