The Platform Group collaborates with roughly 13 thousand gross sales companions, the German firm behind a number of vertical marketplaces reviews. Within the first 9 months of this 12 months, buying and selling quantity elevated by 30 p.c. Income grew much more considerably.
The Platform Group (TPG) achieved 608.4 million euros in gross merchandise quantity (GMV) from January to September this 12 months. The 30 p.c development is partly attributed to acquisitions: TPG acquired eight completely different firms this 12 months, together with the well-known German market Hood.de and the Dutch platform Winkelstraat. The figures from six of the eight acquired firms have been included within the reporting.
Extra prospects, companions, and revenue
Collectively, TPG’s platforms attracted 4.5 million energetic prospects within the first 9 months of this 12 months, an 18 p.c improve in comparison with the identical interval in 2023. The variety of linked companions grew by 11 p.c to 12,981. Thanks partially to price financial savings, web revenue elevated by 47 p.c to 25.5 million euros.
TPG’s web revenue has elevated by nearly half.
CEO Dominik Benner expressed nice satisfaction with the efficiency: “We have been in a position to faucet into new industries, combine acquired firms easily and sustainably improve their worth”, he acknowledged. “We consider we’re nicely on observe to completely obtain our bold targets for 2024.”
Specialised marketplaces
TPG, which merged with trade peer and fellow German firm Fashionette, is now energetic in 23 completely different sectors. The group is constructing an intensive portfolio of extremely specialised marketplaces focusing on each shopper and enterprise markets, together with platforms in sectors equivalent to style, furnishings, luxurious items, automobiles, and equipment.
Increasing to 30 sectors
TPG plans to proceed its acquisition technique, as acknowledged in its press launch, aiming to enter new markets as nicely. CEO Benner on the upcoming 12 months: “We now see our communicated medium-term goal of 30 sectors, an EBITDA margin of seven to 10 p.c, and a GMV of no less than 1.2 billion euros as a direct prospect for 2025.”