The Platform Group SE & Co. KGaA reported a 23% year-over-year increase in revenue to €421.0 million for the first half of 2026, driven primarily by organic growth. Gross merchandise volume rose 21% to €788.6 million, while adjusted EBITDA climbed 23% to €40.8 million, maintaining a 9.7% margin consistent with the prior-year period. Net profit remained flat at €33.5 million, though gross margin contracted to 34.1% from 36.5% a year earlier.
The company’s consumer goods segment led performance, generating €281.1 million in revenue—a 29.4% increase—with adjusted EBITDA of €29.0 million. Industrial goods revenue rose 5.7% to €40.6 million, while freight goods revenue declined 5% to €51.6 million. The newly consolidated optics and hearing segment reported €9.5 million in revenue and €2.2 million in adjusted EBITDA, operating over 30 physical stores with plans to expand to 60-70 locations and connect 500+ independent opticians via its MyGlasses platform.
The Platform Group added 17,683 connected merchants year-over-year, reaching a total of over 17,700 partners across 36 platforms and 26 industries. Active customers grew 35% to 8.4 million, while average order value increased to €129 from €124. The company secured an €80 million financing facility and maintained a net debt-to-EBITDA leverage ratio of 1.8x, targeting a reduction to 1.0x-1.4x by 2030.
Management outlined an AI-first strategy, with approximately 12% of processes currently optimized by AI and a target of over 60% by 2030. AI integration will focus on software development, online marketing, HR, finance, and content creation. The company completed three acquisitions in H1 2026, including Cocoli GmbH, and plans 1-2 divestments of underperforming units this year.
Full-year 2026 guidance calls for revenue of at least €1.0 billion and adjusted EBITDA of €70-80 million, excluding the pending AEP GmbH acquisition. On a pro-forma basis, including AEP, guidance rises to €2.0 billion in revenue, €90-100 million in adjusted EBITDA, and €3.2 billion in GMV. Long-term targets for 2030 include €3.2 billion in revenue, €4.8 billion in GMV, over 40,000 partners, and double-digit EBITDA margins with leverage reduced to 1.0x-1.4x.
