ODDO BHF initiates Research Coverage with OUTPERFORM recommendation and price target of EUR 12.50

The Platform Group AG: ODDO BHF initiates Research Coverage with OUTPERFORM recommendation and price target of EUR 12.50

Düsseldorf, 26 July 2024. ODDO BHF has initiated Research Coverage of The Platform Group AG (ISIN DE000A2QEFA1, “TPG”), a leading software company for platform solutions, with OUTPERFORM recommendation and a price target of EUR 12.50.

The complete Research Report is available in the Investor Relations section of the Company’s website at ODDO BHF Research Initiation.

The Platform Group AG:

The Platform Group AG is a software company that is active in 22 sectors with its own platform solutions. Its customers include both B2B and B2C customers in sectors such as furniture retail, machinery retail, dental technology, car platforms, and luxury fashion. The Group has 16 locations across Europe and is headquartered in Düsseldorf. Over 24 investments and company acquisitions have been made since 2020. In 2023, pro-forma sales of EUR 441 million and an operating result (adjusted EBITDA) of EUR 22.6 million were realized.

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