Latest news with #DominikBenner
Fashion United
23-05-2025
- Business
- Fashion United
The Platform Group confirms annual forecast: strong growth in first quarter
The Platform Group AG (TPG) achieved revenue growth in the first quarter of the 2025 financial year. The e-commerce group, which also includes luxury online retailer Fashionette, attributed this primarily to the growth of its affiliated partners and the expansion of its platform and software solutions across 26 sectors. TPG announced on Friday that in the first three months of the current financial year, the group generated revenues of 160.8 million euros. This represents a growth of 49 percent compared to the previous year. Gross merchandise volume (GMV) increased by 86.9 percent to 356.3 million euros. The earnings before interest, taxes, depreciation and amortisation (EBITDA), adjusted for special items, also improved by 87.1 percent to 15.9 million euros, exceeding the executive board's expectations. The reported net profit was 18.2 million, an increase of 41.1 percent. Executive board confirms forecast 'Our investments in new sectors and good investments are paying off. The first quarter of 2025 was significantly above our conservative expectations,' said TPG chief executive officer Dominik Benner. 'We were particularly pleased that the unfortunate development of rising freight and logistics costs has now been stopped by internal measures. The four acquisitions made in 2025 were a good start to the financial year.' Following this successful first quarter, the executive board confirmed the forecast for the full year 2025, which had already been raised at the end of April. According to this, gross merchandise volume (GMV) is expected to rise to 1.3 billion euros in the 2025 financial year. Net revenue is expected to increase to between 680 million and 700 million euros, while the forecast for adjusted EBITDA is between 47 million and 50 million euros, due to positive earnings development and the effect of the implemented cost and efficiency programme. 'TPG is only at the beginning of a long-term growth strategy into new revenue and earnings dimensions,' said Benner. 'Many capital market participants are not yet aware of this, and TPG is not yet a household name for many. We are making an effort to slowly change this now.' This article was translated to English using an AI tool. FashionUnited uses AI language tools to speed up translating (news) articles and proofread the translations to improve the end result. This saves our human journalists time they can spend doing research and writing original articles. Articles translated with the help of AI are checked and edited by a human desk editor prior to going online. If you have questions or comments about this process email us at info@
Fashion United
22-05-2025
- Business
- Fashion United
The Platform Group establishes own fulfilment company
The Platform Group AG (TPG), an e-commerce group based in Düsseldorf, expanded its service capacities. On Thursday, the company announced the establishment of TPG Fulfillment GmbH, which will handle logistics for 'many of TPG's partners' in the future. Carsten Heider was appointed as managing director of the company based in Gladbeck. In connection with the new establishment, the company took over a logistics warehouse in Gladbeck, which has an area of 12,000 square metres and a daily shipping capacity of 12,500 parcels. 'The storage of products and goods of the partners connected to the platform takes place via the IT interface of the TPG software, with delivery directly to the logistics centre in Gladbeck,' The Platform Group explained. 'In addition to the storage of goods, all partners can process their returns via the warehouse and thus directly put the goods back live on the 25 platforms of TPG.' There is also the option with the landlord 'to expand the areas modularly in order to utilise an increasing area potential in the future'. New logistics location in Gladbeck replaces 'island solutions' Dominik Benner, the chief executive officer of The Platform Group AG, explained the move: 'We have been preparing the fulfilment solution for over a year, so that our thousands of partners can now store goods there and have returns processed,' he explained in a statement. 'This is part of our full-service approach. There is another reason: in individual investments, we have our own warehouse, spread across Germany. We are now dissolving these island solutions and consolidating them at one location in Gladbeck.' Benner also emphasised that the new solution would lead to significant savings and improve the cost ratio in logistics from the fourth quarter of the current year. This article was translated to English using an AI tool. FashionUnited uses AI language tools to speed up translating (news) articles and proofread the translations to improve the end result. This saves our human journalists time they can spend doing research and writing original articles. Articles translated with the help of AI are checked and edited by a human desk editor prior to going online. If you have questions or comments about this process email us at info@
