The Platform Group AG Announces Exceeding Preliminary Financial Results for 2023

The Platform Group AG has recently disclosed its preliminary financial outcomes for the 2023 fiscal year, showcasing results that have either met or surpassed the organization's initial projections. Announced on 5 April 2024, the company reported a pro-forma gross merchandise volume (GMV) of 705 million euros, up from 591 million euros in 2022, and slightly over the forecast of 700 million euros. Additionally, pro-forma net sales reached 440.8 million euros, compared to the previous year's 387.4 million euros and narrowly beating the forecast of 440 million euros.

Significant growth was also observed in the adjusted EBITDA, which climbed to 22.6 million euros from 11.9 million euros in 2022, surpassing the anticipated 20 million euros. The consolidated net income for the year stood at 26.9 million euros, exceeding the 21.5 million euros reported in 2022 and the company's expectations. Earnings per share saw an increase to 1.50 euros in 2023, from a pro-forma 1.12 euros the previous year.

In the backdrop of these financial milestones, The Platform Group AG's Board of Management has reaffirmed its forecast for 2024. These achievements come after the strategic integration of The Platform Group GmbH & Co. KG and the former fashionette AG, providing a consolidated basis for presenting the 2023 pro-forma figures. This financial overview aims to offer stakeholders a clear picture of the company's unified operations since January 1, 2022.