The Platform Group Set for Growth with Positive 2025 Results

The Platform Group SE & Co. KGaA (TPG) has announced its preliminary results for 2025, closely aligning with First Berlin Equity Research's estimates. The firm recorded its strongest sales quarter in Q4 2025, boosting its revenue by 39% year-on-year to €728 million. This performance slightly exceeded their forecasted midpoint. By eliminating low-margin products and optimizing HR and marketing costs, TPG increased its adjusted EBITDA by 65% to €55 million, enhancing its margin by 130 basis points to 7.6%.

Additionally, TPG has signed an agreement to acquire AEP GmbH, a Bavarian B2B pharmaceutical wholesale platform. This acquisition, expected to contribute €1 billion to its annual revenue with a 2% EBITDA margin, is projected to finalize in Q2 2026, pending regulatory approvals. With these developments, First Berlin Equity Research maintains its 'Buy' recommendation and a price target of €20 per share.