The Platform Group AG / DE000A2QEFA1
31.01.2025 - 10:00:29The Platform Group AG exceeds forecast in financial year 2024 and announces forecast for financial year 2025
| EQS-Ad-hoc: The Platform Group AG / Key word(s): Preliminary Results/Forecast 31-Jan-2025 / 10:00 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group. The issuer is solely responsible for the content of this announcement. Düsseldorf, 31 January 2025. The Platform Group AG has exceeded its own forecast for the 2024 financial year driven by strong organic growth in the second half of the year, an increase in the number of partners, an increase in the number of active customers and the contribution of the acquired companies in the financial year. According to preliminary figures, the gross merchandise volume (GMV) rose by 28% year-on-year to EUR 903 million in the 2024 financial year; the already increased forecast was EUR 880 million to EUR 900 million. Revenue grew by 20% year-on-year to EUR 525 million; the already increased forecast was EUR 500 million to EUR 520 million. According to preliminary figures, adjusted EBITDA will amount to EUR 33.2 million, which is above the Company's own forecast of EUR 29 million to EUR 32 million and represents a year-on-year increase of 47%. Net profit for the Company will be EUR 35.5 million according to preliminary figures (prior-year period: EUR 33.3 million), which corresponds to earnings per share (EPS) of EUR 1.7. For the 2025 financial year, the Company’s Board of Directors expects an increase in gross merchandise volume (GMV) to at least EUR 1.2 billion, revenue in a range of EUR 590 million to EUR 610 million and adjusted EBITDA of EUR 40 million to EUR 42 million. The financial figures are preliminary, relate to the Group's continuing operations and are unaudited. The Platform Group AG will publish the full results for the financial year 2024 on 9 May 2025. 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 End of Inside Information 31-Jan-2025 CET/CEST 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; Oslo |
| EQS News ID: | 2078205 |
| End of Announcement | EQS News Service |
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2078205 31-Jan-2025 CET/CEST
