First Berlin Equity Research has published a research update on Verve Group SE (ISIN: SE0018538068). Analyst Ellis Acklin reiterated his BUY rating and maintained his EUR 4.50 price target.

Abstract
Verve is accelerating AI deployment across key organisational structures targeting greater efficiency and annualised cost savings of up to €5m from 2027. The company is embedding AI automation across internal workflows to lift productivity without a matching increase in headcount. This makes Verve a live example of the broader AI workforce displacement theme now rippling through big tech. The key read-through is that AI is moving from a product level growth story to a direct operating leverage tool leading to lower labour intensity. We will adjust our forecasts for the cost cutting effects in conjunction with March-quarter reporting set for 27 May. We expect a good Q1 led by strong cash flow generation on normalised working capital. Our rating remains Buy with a €4.5 TP (upside: 198%).