The Platform Group AG Surpasses Financial Forecasts for 2023 and Sets Positive Outlook for 2024 and Beyond

The Platform Group AG, a leading software company specializing in platform solutions, reported a successful completion of the 2023 financial year, exceeding its forecasted financial targets. The company achieved a gross merchandise volume (GMV) of 705 million euros, rising by 19% from 2022's 591 million euros, and consequently outperforming the forecast of 700 million euros. Pro-forma net sales reached 440.8 million euros, surpassing the anticipated 440 million euros and marking an increase from 387.4 million euros in 2022.

Additionally, The Platform Group AG saw a significant boost in profitability, with a pro-forma consolidated net income of 26.9 million euros, equating to earnings of 1.50 euros per share. This performance marked an improvement over the previous year's 21.5 million euros or 1.12 euros per share, surpassing market expectations. The adjusted EBITDA from continuing operations also exceeded the forecast, reaching 22.6 million euros against the expected 20 million euros.

The company attributed its growth to an expanded customer base, now exceeding 4.05 million, and the execution of a comprehensive cost and efficiency program. With the successful completion of four acquisitions in 2023 and the positive start to 2024, The Platform Group AG confirms its optimistic outlook for the next financial year and its medium-term goals, including a GMV of 1 billion euros by 2025.