Verve stock completes Ireland relocation under a new ISIN

Published on 10/08/2026 at 06:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Verve stock completed its Ireland relocation on October 2, 2026, while Q2 revenue rose 6.5 percent to EUR 152.3 million. The shares were last at SEK 11.52 on October 7.

Verve, SE0018538068, Illustration mit AI erstellt.

Verve stock (ISIN SE0018538068) had a market capitalization of SEK 2.3 billion after the October 7, 2026 session, while the company completed its relocation from Sweden to Ireland on October 2. The corporate move changes Verve's legal home and share identification, but the stock remains listed on Nasdaq First North Premier Growth Market.

Ireland move changes the share identity

Verve confirmed on October 2, 2026 that its registered office had moved to Ireland. Trading resumed on October 5 under an Irish identifier, while the Nasdaq First North listing and the Frankfurt Stock Exchange listing continued. The relocation also supports Verve's plan to align its reporting and capital-market structure more closely with international advertising technology peers.

The change matters for holders of the Swedish ISIN because the company said shares would be converted automatically, with shareholders retaining the same number of shares. Verve's Dublin headquarters had 15 employees on October 2, according to the company release, which also described further hiring plans.

Q2 revenue grows as margins improve

In its Q2 2026 earnings call on August 27, Yahoo Finance reported that revenue reached EUR 152.3 million, up 6.5 percent from EUR 143.1 million on a like-for-like basis. Organic growth was 3.5 percent, while adjusted EBITDA rose to EUR 30.1 million from EUR 29.5 million.

The operating mix was uneven. Verve's adjusted EBITDA margin stood at 19.8 percent in Q2 2026, compared with 20.6 percent in Q2 2025, while gross margin reached 40.0 percent against 33.1 percent a year earlier. The earnings call also identified a EUR 4.2 million restructuring and severance cost, alongside expected annual savings of EUR 8 million.

Verve reaffirmed fiscal-year 2026 guidance for revenue of EUR 680 million to EUR 730 million and adjusted EBITDA of EUR 145 million to EUR 175 million. The comparison investors need to follow is therefore clear: Q2 organic growth was 3.5 percent, while the full-year plan requires a stronger second half.

Analyst target remains above the quote

On September 16, 2026, EQS News published GBC AG's Buy rating for Verve. GBC lowered its price target to EUR 6.80 from EUR 7.65 while reducing its fiscal-year revenue estimate to EUR 684.17 million from EUR 750.37 million.

A separate Yahoo Finance overview listed an average target of EUR 3.59 from five analysts and a high target of EUR 7.65. Those euro targets are not directly compared with the Stockholm quote in Swedish kronor, so the operating outlook remains the cleaner valuation reference.

Verve stock falls to SEK 11.52

Verve stock was last at SEK 11.52 on Nasdaq First North on October 7, 2026 at 5:29 p.m. CEST, down SEK 0.63, or 5.19 percent, from the prior close. The session range was SEK 11.38 to SEK 12.18, and the 52-week range was SEK 10.60 to SEK 26.60.