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The Platform Group AG
Earnings Release • Apr 5, 2024
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Earnings Release
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News Details
Ad-hoc | 5 April 2024 11:27
The Platform Group AG publishes preliminary figures for 2023
The Platform Group AG / Key word(s): Preliminary Results/Annual Results
The Platform Group AG publishes preliminary figures for 2023
05-Apr-2024 / 11:27 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
**The Platform Group AG publishes preliminary figures for 2023
Düsseldorf, 05 April 2024.** The Platform Group AG (ISIN DE000A200QEFA1 , „TPG“), has achieved or exceeded its forecasts for the 2023 financial year. The pro-forma gross merchandise volume (GMV, continuing operations) increased to 705 million euros (2022: 591 million euros, forecast: 700 million euros). Pro-forma net sales amounted to 440.8 million euros (2022: 387.4 million euros, forecast: 440 million euros). Adjusted EBITDA (pro-forma, continuing operations) improved to 22.6 million euros (2022: 11.9 million euros, forecast: 20 million euros).
Consolidated net income (pro-forma) amounted to 26.9 million euros (2022: 21.5 million euros) and exceeded expectations. Earnings per share (pro-forma) amounted to 1.50 euros in the 2023 financial year (2022 pro-forma: 1.12 euros). Earnings per share thus exceeded expectations.
The Company’s Board of Management confirms the forecast for the full year 2024.
Note: In the 2023 financial year, The Platform Group GmbH & Co. KG was combined with the former fashionette AG. For this reason, pro-forma figures are provided in which the business activities of all Group companies since January 1, 2022, comparable to the 2023 financial year, are presented on a consolidated basis for the full year. The presentation of the company’s consolidated pro-forma financial information is for illustrative purposes only. The pro-forma results include income from purchase price allocation of 25.3 million euros (2023) and 25.5 million euros (2022) and are reported under other income.
Contact:
Investor Relations
Reinhard Hetkamp, CFO and Head of IR
Schloss Elbroich | Am Falder 4 | 40589 Düsseldorf | Germany
corporate.the-platform-group.com
End of Inside Information
05-Apr-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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| Language: | English |
| Company: | The Platform Group AG |
| Schloss Elbroich, Am Falder 4 | |
| 40589 Düsseldorf | |
| Germany | |
| E-mail: | [email protected] |
| Internet: | https://the-platform-group.com/ |
| ISIN: | DE000A2QEFA1 |
| WKN: | A2QEFA |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1874445 |
| End of Announcement | EQS News Service |