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.
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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
ir@the-platform-group.com
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:	ir@the-platform-group.com
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

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