2025 ahead ayondo Franchise coming soon
Happy 
xMas Holidays
xMas Holidays
xMas Holidays
|
Original-Research: The Platform Group AG - from First Berlin Equity Research GmbH
Classification of First Berlin Equity Research GmbH to The Platform Group AG
First Berlin Equity Research hat ein Research Update zu The Platform Group AG (ISIN: DE000A2QEFA1) veröffentlicht. Analyst Alexander Rihane bestätigt seine BUY-Empfehlung und bestätigt sein Kursziel von EUR 16,00. Zusammenfassung: The Platform Group meldete starke Q3-Ergebnisse mit einem Umsatz und einem bereinigten EBITDA, die unsere Prognosen übertrafen. Der Umsatz stieg im Jahresvergleich um 44% auf €140 Mio. und lag damit 9% über unserer Schätzung (FBe: €128 Mio.). Dieser Umsatzsprung setzt sich aus einer 22%igen Erhöhung der Zahl der Bestellungen und einer 5%igen Erhöhung des Wertes des durchschnittlichen Warenkorbs zusammen. Das bereinigte EBITDA stieg um mehr als das Fünffache auf €7,0 Mio. und lag damit in den ersten neun Monaten bei €24,6 Mio. und somit leicht über unserer 9M-Prognose von €24,2 Mio. Damit ist TPG auf einem guten Weg, die für 2024 prognostizierten Umsatzerlöse in Höhe von €500 Mio. bis €520 Mio. (FBe: €511,3 Mio.) und das bereinigte EBITDA in Höhe von €29 Mio. bis €32 Mio. (FBe: €30,7 Mio.) zu erreichen. Der Nettogewinn stieg im Jahresvergleich um 357% auf €4,7 Mio. und lag damit im Rahmen unserer Schätzungen. Ein aktualisiertes DCF-Modell führt zu einem unveränderten Kursziel von €16. Wir bestätigen unsere Kaufempfehlung. First Berlin Equity Research has published a research update on The Platform Group AG (ISIN: DE000A2QEFA1). Analyst Alexander Rihane reiterated his BUY rating and maintained his EUR 16.00 price target. Abstract: The Platform Group reported strong Q3 results, with revenue and adjusted EBITDA numbers exceeding our forecasts. Revenue rose 44% y/y to €140m and was 9% above our estimate (FBe: €128m) due to a 22% increase in the number of orders as well as a 5% increase in average order value. Adjusted EBITDA rose more than fivefold to €7.0m, bringing 9M adjusted EBITDA to €24.6m, slightly above our 9M forecast of €24.2m. This puts TPG well on track to meet 2024 guidance of €500m - €520m in revenue (FBe: €511.3m) and €29m - €32m in adjusted EBITDA (FBe: €30.7m). Net income jumped 357% y/y to €4.7m and was in line with our estimates. An updated DCF model yields an unchanged €16 price target. We confirm our Buy recommendation. Bezüglich der Pflichtangaben gem. §34b WpHG und des Haftungsausschlusses siehe die vollständige Analyse. You can download the research here: http://www.more-ir.de/d/31447.pdf Contact for questions: First Berlin Equity Research GmbH Herr Gaurav Tiwari Tel.: +49 (0)30 809 39 686 web: www.firstberlin.com E-Mail: g.tiwari@firstberlin.com
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
||||||||||||||||||||
2041381 29.11.2024 CET/CEST
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.
