The Platform Group AG's Revised Guidance and Potential Upside

First Berlin Equity Research has updated its analysis of The Platform Group AG, affirming a "Buy" recommendation while raising the target price from €17 to €19. The company's recent annual report and subsequent conference call confirmed previous estimates and significantly increased projections for 2025 and 2026. This revision is largely attributable to four acquisitions made in 2025.

The updated revenue forecast anticipates a 15% increase for 2025, reaching €680-€700 million, and a 17% rise for 2026, surpassing €820 million. This translates to expected year-over-year sales growth of 30% in 2025 and 20% in 2026, maintaining an adjusted EBITDA margin of at least 7%. Despite an anticipated rise in net debt and shares outstanding, the revised projections suggest substantial financial upside.