The Platform Group AG Reports Strong Growth in 2024 Nine-Month Results

The Platform Group AG announced substantial growth and increased profitability in the first nine months of 2024. Gross Merchandise Volume (GMV) rose by 30% to EUR 608.4 million, while net sales increased by 31% to EUR 371.2 million. Adjusted EBITDA saw a notable rise of 70% to EUR 24.6 million. Reported EBITDA improved by 47% to EUR 39.8 million, indicating strong operational performance.

The company attributed this growth to an increase in the number of connected partners and expansion across 23 sectors. Active customers grew by 18% to 4.5 million. The average shopping basket value also increased by 5.2% to EUR 121. The company made eight acquisitions in 2024, integrating six within the reporting period.

Forecasts for the financial year were confirmed, with expectations of GMV between EUR 880 million and EUR 900 million, and adjusted EBITDA between EUR 29 million and EUR 32 million. The positive earnings trend and strategic acquisitions have bolstered TPG's medium-term planning for 2025, aiming for a GMV of EUR 1.2 billion.