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EQS-News: The Platform Group AG
/ Key word(s): Capital Markets Day/Forecast
The Platform Group AG with successful Capital Markets Day and increase in mid-term guidance The Board of Directors of The Plaform Group AG expects a positive development with regard to the mid-term planning of TPG in light of the successful business development in 2024, the effectiveness of the cost and efficiency program, and the acquisitions made since January 2024. In the mid-term, the Board of Directors of The Platform Group AG expects to achieve a gross merchandise volume (GMV) of EUR 1.1 billion (previous forecast: EUR 1.0 billion), sales of at least EUR 550 million (initial announcement), and an adjusted EBITDA margin of between 7% and 10% (unchanged from the forecast) in the 2025 financial year. In addition, a leverage ratio of between 1.5 and 2.3 (unchanged) is targeted in the mid-term. The leverage ratio is defined as the ratio of adjusted EBITDA to net financial debt (excluding lease liabilities). The is a software company that is active in 21 sectors with its own platform solutions. Its customers include both B2B and B2C customers in sectors such as furniture retail, machinery retail, dental technology, car platforms, and luxury fashion. The Group has 16 locations across Europe and is headquartered in Düsseldorf. Over 23 investments and company acquisitions have been made since 2020. In 2023, pro-forma sales of EUR 441 million and an operating result (adjusted EBITDA) of EUR 22.6 million were realized. Investor Relations
11.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | The Platform Group AG |
| Schloss Elbroich, Am Falder 4 | |
| 40589 Düsseldorf | |
| Germany | |
| E-mail: | |
| Internet: | -platform-group.com/ |
| ISIN: | DE000A2QEFA1 |
| WKN: | A2QEFA |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1922641 |
| End of News | EQS News Service |
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1922641 11.06.2024 CET/CEST
