The Platform Group news and archive

The Platform Group confirms annual forecast: strong growth in first quarter

The Platform Group AG (TPG) achieved revenue growth in the first quarter of the 2025 financial year. The e-commerce group, which also includes luxury online retailer Fashionette, attributed this primarily to the growth of its affiliated partners and the expansion of its platform and software solutions across 26 sectors. TPG announced on Friday...

Member

Business

The Platform Group establishes own fulfilment company

The Platform Group AG (TPG), an e-commerce group based in Düsseldorf, expanded its service capacities. On Thursday, the company announced the establishment of TPG Fulfillment GmbH, which will handle logistics for “many of TPG’s partners” in the future. Carsten Heider was appointed as managing director of the company based in Gladbeck. In...

Member

Business

The Platform Group acquires majority stake in FirstWire

The Düsseldorf-based e-commerce group The Platform Group AG is expanding its extensive portfolio to include a financial platform. On Monday, the group announced that it had acquired 50.1 percent of the activities of Cologne-based FirstWire GmbH. The company, founded in 2015, operates Firstwire, a "digital platform for B2B financing solutions"...

Member

Business

The Platform Group maintains GMV, sales and profit growth outlook

The Platform Group achieved a gross merchandise volume (GMV) of 608.4 million euros for the nine month period and generated sales of 371.2 million euros, up against the same period of 2023. The company attributed the above increase to the growth of the connected partners to 12,981 and the expansion of the platform and software solutions to 23...

Member

Business

The Platform Group raises full year sales and GMV outlook

The Platform Group has increased the forecast driven by the successful business development in the first half period, the acquisitions so far in 2024, the strong organic growth and the increased number of partners. The company now expects gross merchandise volume (GMV) to increase to 880 million euros to 900 million euros and net sales to...

Member

Business

The Platform Group achieves strong H1 results

The Platform Group (TPG) achieved a gross merchandise volume of 442.5 million euros and generated sales of 231.5 million euros. The company’s adjusted EBITDA rose to 17.6 million euros, an increase of 33 percent compared to the same period last year. Reported EBITDA reached 30 million euros and consolidated net income increased to 21.7 million...

Member

Business

The Platform Group raises forecast on strong Q1

The Platform Group (TPG), a software company for platform solutions, achieved first quarter gross merchandise volume of 190.6 million euros and generated sales of 107.9 million euros, a substantial increase over the prior year. The company attributed an increase in GMV and sales to the growth of the number of connected partners to 11,987 and the...

Member

Business

The Platform Group acquires the OEGE Group

The Platform Group (TPG), a software company for platform solutions, will become the majority shareholder of the OEGE Group as of June 2024. The company, based in Lünen (North Rhine-Westphalia), exclusively serves B2B customers in ecommerce with branded goods. The products are sold via the company's own B2B shops and platform solutions with a...

Member

Business

The Platform Group achieves sales and profit above forecast

The Platform Group said that pro forma gross merchandise volume (GMV) increased to 705 million euros compared to 2022 GMV of 591 million euros and forecasted 2023 GMV of 700 million euros. Pro forma net sales reached 440.8 million euros versus forecast of 440 million euros. The company added that adjusted EBITDA improved to 22.6 million euros...

Member

Report

The Platform Group increases stake in ApoNow

The Platform Group has increased its majority stake in ApoNow from 50.1 percent to 80 percent. ApoNow, based in Wetter, Ruhr, is a platform for pharmaceutical manufacturers and pharmacies in Germany, Austria and Italy. Currently, over 300 pharmaceutical manufacturers are connected to the platform, through which 41,500 pharmacies place orders and...

Member

Business

The Platform Group acquires Hood Media

The Platform Group (TPG), a software company for platform solutions has announced the full takeover of Hood Media. Hood, the Cologne-based company, founded in 1999, is one of the 10 largest marketplaces in Germany through its Hood.de platform with more than 4,900 active dealers in over 20 product categories. Commenting on the acquisition,...

Member

Business

The Platform Group forecasts upbeat 2024 sales and profit

The Platform Group (TPG) expects the consolidated gross merchandise volume (GMV) to increase between 760 million euros to 800 million euros in 2024. Consolidated net sales are expected to increase in the range of 460 euros to 470 million euros and consolidated adjusted EBITDA in the range of 24 euros to 28 million euros. The company said in a...