🛒 Acquisition of Wehrmann GmbH
On Tuesday, The Platform Group announced its latest acquisition of Wehrmann GmbH & Co. KG through its majority holding GINDUMAC. Wehrmann is a B2B platform for wood machinery. This acquisition is retroactive to January 1, 2024, and will be finalized this month. GINDUMAC, Europe's leading B2B transaction platform for metal and plastics processing machines, continues its growth strategy with this move.
📈 Raised GMV Forecast
During its capital market day, The Platform Group presented updated targets for the 2025 financial year. The management board now expects a gross merchandise volume (GMV) of 1.1 billion euros ($1.2B). This is an increase from the previous target of 1.0 billion euros. Sales are projected to reach at least 550 million euros ($600M), with an EBITDA margin of 7-10%.
💡 CEO's Positive Outlook
CEO Dominik Benner explained the new targets: "Our four segments are developing positively, the first quarter was above internal expectations, and we see a pipeline that makes us very positive." He added that the current market environment allows the company to act countercyclically and implement their platform solutions in niches.
📊 Strategic Medium-Term Planning
Benner emphasized the importance of realistic medium-term planning: "To communicate realistic medium-term planning to the capital market, we must now raise the medium-term forecast for 2025." This strategic move aims to leverage the current market environment and ensure sustained growth.
What are your thoughts on The Platform Group's latest acquisition?
