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The Platform Group AG: Soaring Growth and Profit Surge in First Half-Year
In the first half of 2024, GMV surged by 20% to EUR 442.5 million, while net sales climbed 23% to EUR 231.5 million. Adjusted EBITDA from continuing operations soared 33% to EUR 17.6 million, and reported EBITDA increased 26% to EUR 30.0 million. Consolidated net profit rose 39% to EUR 18.8 million, with earnings per share of EUR 0.90 and EUR 1.09 from continuing operations. The number of active customers grew by 26.3% to 4.8 million, with an average shopping basket up 3.5% to EUR 118. The company anticipates a strong second half and continues its acquisition strategy, confirming its 2024 forecast. Medium-term goals include reaching a GMV of EUR 1 billion, operating in 30 sectors, and maintaining a leverage ratio of 1.5 to 2.3 by 2025.
- GMV grows by 20% to EUR 442.5 million and net sales increase by 23% to EUR 231.5 million in H1 2024.
- Adjusted EBITDA from continuing operations rises by 33% to EUR 17.6 million, and reported EBITDA grows by 26% to EUR 30.0 million.
- Consolidated net profit increases by 39% to EUR 18.8 million, with earnings per share of EUR 0.90 and EUR 1.09 from continuing operations.
- Number of active customers rises by 26.3% to 4.8 million, with an average shopping basket up 3.5% to EUR 118.
- Strong start to the second half of the year and continuation of the acquisition strategy, with a forecast for 2024 confirmed.
- Medium-term goals include achieving a GMV of EUR 1 billion, operating in 30 sectors, and maintaining a leverage ratio of 1.5 to 2.3 by 2025.
The price of The Platform Group at the time of the news was 9,2500EUR and was up +6,57 % compared with the previous
day.
27 minutes after the article was published, the price was 9,0300EUR this corresponds to a minus of -2,38 % since
publication.
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