The Platform Group AG Raises 2024 Sales and Earnings Forecast

The Platform Group AG has announced an upward revision of its sales and earnings forecast for the fiscal year 2024. The strong business performance in the first half of 2024, alongside successful acquisitions and organic growth, prompted the Board to make this adjustment.

The gross merchandise volume (GMV) is now expected to range between EUR 880 million and EUR 900 million, up from the previous forecast of EUR 840 million to EUR 870 million. Net sales are anticipated to rise to between EUR 500 million and EUR 520 million, an increase from the earlier projection of EUR 480 million to EUR 500 million.

The positive earnings trend and the impact of a cost-efficiency program have led to an adjusted EBITDA forecast of EUR 29 million to EUR 32 million, compared to the prior range of EUR 26 million to EUR 30 million. Furthermore, the number of partners is expected to exceed 13,400, surpassing the previous estimate of 12,800.

For 2025, the Group's medium-term planning has also been updated. The Board anticipates a GMV of EUR 1.2 billion, up from EUR 1.1 billion, and sales of at least EUR 570 million, compared to EUR 550 million. The adjusted EBITDA margin is forecasted to remain between 7% and 10%.