Germany's Platform Group 9M revenue rises on partner expansion, segments growth
Overview
Germany software platform provider's 9M 2026 net revenue rose 17%, adjusted EBITDA up 16% yr/yr
Growth driven by more partners and expansion in most business segments
Company reduced headcount and leverage during the period
Outlook
Company confirms 2026 GMV guidance of EUR 1.7 bln
Company expects 2026 net revenue of at least EUR 1.0 bln
Company sees 2026 adjusted EBITDA between EUR 70 mln and EUR 80 mln
Result Drivers
PARTNER EXPANSION - Co said revenue growth was driven by an increase in connected partners and growth in most business segments
ACTIVE CUSTOMERS - Co said higher number of active customers and increased average order value contributed to growth
COST REDUCTION - Co reduced headcount as part of new group structure and AI initiative
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
9M Net Income | EUR 44.40 mln | ||
9M Adjusted EBITDA | EUR 53.30 mln | ||
9M GMV | EUR 1.08 bln |
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the online services peer group is "buy."
Wall Street's median 12-month price target for Platform Group SE & Co KgaA is €17.00, about 2,831% above its November 4 closing price of €0.58
The stock recently traded at 0 times the next 12-month earnings vs. a P/E of 0 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)