The Platform Group SE & Co. KGaA Awaits AEP Acquisition Outcome

The Platform Group SE & Co. KGaA, as analyzed by First Berlin Equity Research, maintains strong growth prospects, reaffirmed by an unchanged "Buy" rating. The Group's audited 2025 financial results confirmed impressive growth, with a 39% revenue increase year-over-year to €728 million. The Consumer Goods segment was the primary driver, showing a 55% rise to €458 million. Upcoming developments include a potential acquisition of the B2B pharma wholesaler AEP GmbH, pending financing completion by late May.

If the acquisition is finalized, The Platform Group forecasts a revenue surge to €2 billion with an AEBITDA of €90-€100 million for 2026. If not, projections are set at €1 billion revenue with an AEBITDA of €70-€80 million. Despite lukewarm stock reactions, analysts note the firm’s low valuation, which trades at a forward P/E and EV/AEBITDA ratio of 2x for 2027, while continuing to expand its margins.