The Platform Group now has 13,000 partners

The Platform Group collaborates with approximately thirteen thousand sales partners, the German company behind several vertical marketplaces reports. In the first nine months of this year, trading volume increased by 30 percent. Profits grew even more significantly.

The Platform Group (TPG) achieved 608.4 million euros in gross merchandise volume (GMV) from January to September this year. The 30 percent growth is partly attributed to acquisitions: TPG acquired eight different companies this year, including the well-known German marketplace Hood.de and the Dutch platform Winkelstraat. The figures from six of the eight acquired companies were included in the reporting.

More customers, partners, and profit

Collectively, TPG’s platforms attracted 4.5 million active customers in the first nine months of this year, an 18 percent increase compared to the same period in 2023. The number of connected partners grew by 11 percent to 12,981. Thanks in part to cost savings, net profit increased by 47 percent to 25.5 million euros.

TPG’s net profit has increased by almost half.

CEO Dominik Benner expressed great satisfaction with the performance: “We were able to tap into new industries, integrate acquired companies smoothly and sustainably increase their value”, he stated. “We believe we are well on track to fully achieve our ambitious targets for 2024.”

Specialized marketplaces

TPG, which merged with industry peer and fellow German company Fashionette, is now active in 23 different sectors. The group is building an extensive portfolio of highly specialized marketplaces targeting both consumer and business markets, including platforms in sectors such as fashion, furniture, luxury goods, cars, and machinery.

Expanding to 30 sectors

TPG plans to continue its acquisition strategy, as stated in its press release, aiming to enter new markets as well. CEO Benner on the upcoming year: “We now see our communicated medium-term target of 30 sectors, an EBITDA margin of 7 to 10 percent, and a GMV of at least 1.2 billion euros as a direct prospect for 2025.”