The Platform Group AG Expands: Key Developments and Growth Strategy

The Platform Group AG has demonstrated strong growth, with its Q1 results revealing a significant increase in momentum. The company's Gross Merchandise Volume (GMV) surged by 87% year-on-year to €356 million, underpinned by a 28% rise in partners and a 60% increase in orders. Correspondingly, sales climbed 49% to €161 million, while adjusted EBITDA grew by 87% to €16 million with a margin of 9.9%.

The firm's recent strategic moves include entering the Opticians & Hearing market through acquisitions and disposing of shares in Mister Spex. Additionally, The Platform Group AG has ventured into the construction sector with the acquisition of the B2B platform We Connect Work. In the luxury segment, the closure of Joli Closet and integration of other fashion platforms aim to scale the second-hand luxury market.

With the establishment of TPG Fulfillment GmbH, the company seeks to optimize logistics, likely reducing fulfillment costs from Q4 2025. Trading metrics suggest shares are undervalued, prompting a recommended buy with a target price of €18.00.