The Platform Group’s Stock Bounces From 52-Week Low as Management Courts Investors at Equity Forum

The Platform Group pitches investors at Frankfurt Equity Forum after stock hits €2.53 low, with 39% revenue growth, AEP acquisition set to close, and pro-forma GMV of €3.2 billion.

The Platform Group’s executive team took the stage at the Frankfurt Equity Forum on Monday, armed with a growth story that stands in stark contrast to the stock’s recent slide. Chief Executive and Chief Financial Officer used the platform to pitch institutional investors one-on-one, just days after the shares had hit a fresh 52-week low of €2.53.

By Monday’s close, the stock had staged a 16% recovery to €3.02, though it still sits roughly 45% below its 2025 high of €5.50. The rebound comes after a volatile stretch — the security’s annualised volatility exceeds 130% — and the stock remains 19% below its 50-day moving average. Friday’s closing price of €2.61 was only a few cents above the cycle trough.

Behind the price swings, the company’s 2025 financials paint a picture of accelerating operational momentum. Revenue advanced 39% to €728 million, while adjusted EBITDA surged 65% to €55 million. Gross merchandise value climbed 44% to roughly €1.3 billion, and operating cash flow came in at nearly €60 million, actually surpassing the EBITDA figure.

Much of the discussion in Frankfurt centred on the planned acquisition of AEP GmbH. Germany’s competition authority gave the green light in March, and the closing is expected by the end of the second quarter. The exact financing mix — a blend of debt and equity — will be disclosed by the end of May. Once completed, the deal propels The Platform Group into a new dimension: pro-forma GMV of €3.2 billion, net revenue of €2.0 billion, and adjusted EBITDA between €90 million and €100 million. The transaction also creates a new reporting segment, “Pharma & Service Goods.”

For the current year, management is holding firm on its existing guidance. Without the AEP contribution, the company targets net revenue of €1.0 billion, GMV of €1.7 billion, and adjusted EBITDA in the range of €70 million to €80 million. A formal guidance update will only follow after the acquisition closes, leaving the current gap between operational performance and market valuation as the central theme of investor conversations.

The roadshow in Frankfurt kicks off a packed investor-relations schedule. First-quarter numbers are due at the end of May, followed by a conference in Paris in June. The annual general meeting is scheduled for July in Düsseldorf. Until then, each piece of news — the Q1 earnings call, the AEP financing update, and ultimately the closing — will test whether the stock can sustain its rebound and close the disconnect with a business that, on paper, is growing at an accelerating clip.