BRIEF

on The Platform Group AG (isin : DE000A2QEFA1)

The Platform Group AG Receives BUY Recommendation from First Berlin

The Platform Group AG, a prominent software firm specializing in platform solutions across 23 sectors, has received a BUY recommendation from the research firm First Berlin. The price target has been set at EUR 16.00. This action marks significant confidence in The Platform Group AG, following a comprehensive research analysis.

Headquartered in Düsseldorf, The Platform Group operates 16 locations throughout Europe. It supports both B2B and B2C clients in industries like furniture, machinery retail, dental technology, car platforms, and luxury fashion. Since 2020, the company has completed over 25 investments and acquisitions. In 2023, the company reported pro-forma sales of EUR 441 million and an adjusted EBITDA of EUR 22.6 million.

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