Put companies on watchlist
The Platform Group AG
ISIN: DE000A2QEFA1
WKN: A2QEFA
About
Company Snapshot
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

EN GIF 300X250

The Platform Group AG · ISIN: DE000A2QEFA1 · EQS - Company News (118 News)
Country: Germany · Primary market: Germany · EQS NID: 1826205
30 January 2024 12:30PM

The Platform Group AG announces outlook for 2024 - record year expected


EQS-News: The Platform Group AG / Key word(s): Forecast
The Platform Group AG announces outlook for 2024 - record year expected

30.01.2024 / 12:30 CET/CEST
The issuer is solely responsible for the content of this announcement.


The Platform Group AG announces outlook for 2024 - record year expected

Düsseldorf, 30 
January 2024. The Platform Group AG (ISIN DE000A200QEFA1, “TPG”), a leading software company for platform solutions, announces its forecast for the financial year 2024.

In light of the successful business performance in 2023 and the positive development in the Group's four segments, the Board of Directors of The Platform Group AG expects the growth trajectory to continue in 2024 and the earnings situation to improve once again.

Consolidated gross merchandise volume (GMV) will increase to between EUR 760 million and EUR 800 million according to the current forecast (2023: pro forma forecast EUR 700 million). Consolidated net sales revenue will grow to between EUR 460 million and EUR 470 million (2023: pro forma forecast of EUR 440 million). Based on the positive earnings situation and the effect of the cost and efficiency program implemented in 2023, the TPG Board of Directors expects a further increase in the operating result. The Board of Directors expects consolidated adjusted EBITDA to increase to between EUR 24 million and EUR 28 million for the full year 2024 (2023: pro forma forecast EUR 20 million).

Business areas that were closed in 2023 or will be closed in 2024 are no longer included in the forecast for 2024.

Dr. Dominik Benner, CEO of TPG AG: “We are expecting a new record year in 2024, both in terms of revenue and earnings. Our strategy of consistently deploying our software solutions in numerous sectors, acquiring attractive platform companies, leveraging value and thus operating profitable platforms on a sustainable basis is paying off.”

Medium-term planning

In the medium term, the Board of Directors of The Platform Group AG expects to achieve a GMV of EUR 1 billion and an adjusted EBITDA margin of between 7% and 10%. In addition, a leverage ratio of between 1.5 and 2.3 is targeted in the medium term. The leverage ratio is defined as the ratio of adjusted EBITDA to net financial debt (excluding lease liabilities).

Note on pro forma calculations

In the 2023 financial year, the Company's earnings position was mainly characterized by the contribution of The Platform Group GmbH & Co. KG to fashionette AG by means of a non-cash capital increase with the exclusion of subscription rights and the subsequent merger into The Platform Group AG with entry in the commercial register on 7 November 2023. For this reason, pro forma figures are provided in which the business activities of the companies since 1 January 2022, comparable to the 2023 financial year, are presented on a consolidated basis for the full year. The presentation of the Company's consolidated pro forma financial information is for illustrative purposes only. In the 2024 financial year, the business figures will be consolidated for the full year for the first time.

The Platform Group AG:

The Platform Group AG is a software company that is active in 19 sectors with its own platform solutions. Its customers include both B2B and B2C customers in sectors such as machinery retail, dental technology, furniture retail, car platforms and luxury fashion. The group has 14 locations across Europe with 750 employees. Over 20 investments and company acquisitions have been made since 2020.

Contact:

Investor Relations
Reinhard Hetkamp, CFO and Head of IR
ir@the-platform-group.com
Schloss Elbroich | Am Falder 4 | 40589 Düsseldorf | Germany
corporate.the-platform-group.com



30.01.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: The Platform Group AG
Schloss Elbroich, Am Falder 4
40589 Düsseldorf
Germany
E-mail: ir@the-platform-group.com
Internet: https://the-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: 1826205

 
End of News EQS News Service

1826205  30.01.2024 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1826205&application_name=news&site_id=boersengefluester_html
Visual performance / price development - The Platform Group AG
Smart analysis and research tools can be found here.

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

SMART * AD
EN GIF 970X250

P R O D U C T   S U G G E S T I O N S

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.


The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.


1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.