A N N U A L R E P O R T 2 0 23
ANNUAL REPORT 2023
THE PLATFORM GROUP
KEY FIGURES
NON-FINANCIAL PERFORMANCE INDICATORS
2023 | 2022 | ||
Number of orders | 6,185,869 | 5,437,475 | |
Average shopping basket (in EUR) | 114 | 109 | |
Active customers | 4,048,954 | 3,482,100 | |
Number of orders from new customers | 1,505,718 | 1,264,803 | |
Number of employees | 688 | 751 | |
Number of partners | 5,520 | 4,872 |
FINANCIAL PERFORMANCE INDICATORS
2023 | 2023 | 2022 | 2022 | |
pro-forma | pro-forma | |||
Gross merchandise volume (GMV) | 705,050 | 693,438 | 620,339 | 266,320 |
Gross profit (EUR thousands) | 473,609 | 464,236 | 416,410 | 171,888 |
Net revenues (EUR thousands) | 440,767 | 432,201 | 387,441 | 168,428 |
EBITDA, reported (EUR thousands) | 47,431 | 46,752 | 36,986 | 14,108 |
EBITDA margin, reported (share in %) | 10.76 | 10.82 | 9.55 | 8.38 |
EBITDA, adjusted (EUR thousands) | 22,572 | 21,893 | 11,914 | 15,089 |
EBITDA margin, adjusted (share in %) | 5.12 | 5.07 | 3.08 | 8.96 |
FINANCIAL POSITION
2023 | 2023 | |
pro-forma | ||
Cash flow from operating activities (in EUR thousand) | 71,225 | 104,094 |
Cash flow from investing activities (in EUR thousand) | -77,395 | -74,785 |
Cash flow from financing activities (in EUR thousand) | 1,726 | -25,875 |
Unless expressly stated otherwise, all presentations in the annual report refer to consolidated figures.
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ANNUAL REPORT 2023
AT A
GLANCE
ABOUT US
- Our Company
- Our Objective & Mission
- Our Sectors
- Our Market
- Our Software Plattform
- Out Employees & Culture
OUR
COMPANY
On the way to becoming the leading platform group
The Platform Group AG (TPG) is a software company that operates digital platform solutions in over 20 sectors with the objective of bringing customers (B2C and B2B customers) and partners together across Europe via our platform solutions.
In 2023, we were able to connect 5,520 partners to our platforms for the first time and thus successfully expand the product range in the 20 sectors. Hence, our rationale is: the more partners we gain, the more products can be marketed, which leads to more customers generating a higher gross merchandise volume (GMV).
Since 2012, TPG has grown significantly every year and has always been profitable. As a company with strict cost efficiency, a low overhead structure, and a clear focus on profitable businesses, we have always avoided reporting losses or negative operating cash flows for growth reasons. All of our Group's segments delivered positive EBITDA contributions and overall profitability reached record levels in 2023.
To enter new sectors and establish our platform solution, we often choose the route of acquiring companies in the target sector. Over 20 acquisitions have now been recorded in recent years, with a strong M&A team and a professional post-merger project structure subsequently ensuring the value contribution of each investment.
Our medium-term goal is to be active in 30 sectors, achieve a gross merchandise volume of at least EUR 1 billion and record a profitability of at least 7% EBITDA margin. Our diversification and our broad partner base in the B2B sector enable us to generate positive value independently of a single industry.
In this way, we are well on the way to becoming the leading platform group in Europe.
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OUR
OBJECTIVE & MISSION
The Platform Group AG strives to become the leading platform group in Europe. Our medium-term goal is to be active in 30 sectors, achieve a gross merchandise volume of at least EUR 1 billion, and record a profitability of at least 7% EBITDA margin.
The basis for this is our software, which is our most important asset alongside our employees. In recent years, we have invested large sums in our software and extensive ERP interfaces so that we can clearly differentiate ourselves from other competitors and secure competitive advantages.
Our diversification into currently 20 sectors makes us independent of individual sector developments. Our growth is primarily determined by connecting new partners and implementing their products in our digital platform so- lution. The number of partners is therefore the key to and driver of our growth. Our objective is to significantly increase the number of partners and thus expand our product range. This will result in more customers, higher gross merchandise volumes and more profit.
Our strategy pursues the overarching goal of creating high added value for our affiliated partners through our software and platform solutions, which they cannot achieve on their own, thereby enabling them to participate in the volume of the global eCommerce market.
ANNUAL REPORT 2023
OUR
SECTORS
SHOES since 2013 | FASHION since 2018 | BAGS since 2018 | SPORTS since 2019 |
LEARNING since 2020 | MACHINERY since 2020 | BICYCLES since 2020 | JEWELLERY since 2020 |
PHARMACY since 2021 | DENTAL since 2021 | AUTOMOTIVE since 2021 | FURNITURE since 2021 |
HAIRDRESSERS since 2021 | INSTALLATIONS since 2021 | REAL ESTATE since 2021 | E-MOBILITYsince 2022 |
FORRESTRY&GARDENsince2022 | LUXURY since 2023 | CARSUBSCRIPTIONsince2023 | SUSTAINABILITY since 2024 |
THE PLATFORM GROUP AG
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ANNUAL REPORT 2023
OUR
MARKET
The Platform Group has so far been very strongly focused on Western Europe. On the one hand, this is attributable to the structure and customers of the acquired companies. On the other hand, it is the selection of our partners, over 91% of whom come from the DACH region. Accordingly, our product range is strongly characterized by products and brands that customers from Western Europe know and appreciate.
At the same time, our objective is to expand our international activities in 2024 and 2025 and thus cover more countries as target markets. Our software basis offers the advantage that it was developed multinationally, can integrate carriers worldwide and we have laid the foundations for foreign ERP interfaces. In 2023, our B2C products were marketed in over 15 countries and our B2B products were sold in 28 countries.
Our number of customers reached a new record in 2023 and exceeded the 4.05 million active customer mark for the first time. At the same time, the average shopping basket continued to rise and the returns rate fell. Our gross merchandise volume reached 703 million euros and our total revenue rose to over EUR 441 million.
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THE PLATFORM GROUP AG
ANNUAL REPORT 2023
OUR
SOFTWARE
PLATTFORM
Since 2013, we have been continuously investing in our platform and software so- lutions. The objective is to develop the software in such a way that it can be used independently in numerous industries and only minor adjustments are necessary to connect new partners and new ERP systems.
Our software department is largely characterized by full-stack developers, who primarily develop the various layers and modules of the software in PYTHON and PHP. Our software development is organized in multinational project teams and we employ colleagues in over six countries.
Our software is characterized by numerous layers and modules - we develop these completely ourselves and are therefore independent of third parties. For our affiliated partners, this offers the great advantage that they use our software solutions and have no investment or follow-up costs, as all services are covered as part of the connection.
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The Platform Group AG published this content on 14 June 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 June 2024 15:42:03 UTC.