ODDO BHF Initiates Research Coverage of The Platform Group AG with OUTPERFORM Recommendation

ODDO BHF has begun research coverage of The Platform Group AG, issuing an OUTPERFORM recommendation and setting a price target of EUR 12.50. The Platform Group AG, headquartered in Düsseldorf, is a prominent software company specializing in platform solutions.

ODDO BHF's research report can be found in the Investor Relations section of The Platform Group AG's website. The company operates in 22 sectors, servicing both B2B and B2C clients, including industries like furniture retail, machinery retail, dental technology, car platforms, and luxury fashion.

The Platform Group AG boasts 16 locations across Europe. Since 2020, the company has made over 24 investments and acquisitions. In 2023, they achieved pro-forma sales of EUR 441 million and an adjusted EBITDA of EUR 22.6 million.