The Platform Group Raises Sales and Earnings Forecast for 2024

The Platform Group AG has announced an increase in its sales and earnings forecast for 2024. The company now anticipates a gross merchandise volume (GMV) of EUR 880-900 million, up from the previous EUR 840-870 million. Sales are expected to rise to EUR 500-520 million, compared to the earlier forecast of EUR 480-500 million. Adjusted EBITDA is projected to be between EUR 29-32 million, an increase from the previously estimated EUR 26-30 million.

The adjustments in the forecast are attributed to successful business developments, acquisitions, strong organic growth, and an increased number of partners. The number of partners is now expected to be over 13,400, up from the previous estimate of 12,800.

The company's medium-term planning for 2025 has also been updated. GMV for 2025 is now expected to reach EUR 1.2 billion, with sales projected at least EUR 570 million, and an adjusted EBITDA margin of 7-10%.