Next Monday, Dominik Benner, the CEO of the e-commerce specialist The Platform Group AG, will open trading on the Frankfurt Stock Exchange by ringing the bell.
The online retailer wanted to celebrate its successful business combination with the act as part of the traditional Bell Ringing Ceremony, according to a statement published on Thursday. The Platform Group AG (TPG) emerged at the beginning of November from the merger of the already listed Fashionette AG with The Platform Group GmbH & Co KG.
“We are proud to have successfully established TPG as a fast-growing technology company on the stock exchange in such a short time,” explained Benner in a statement. He also confirmed the annual forecasts published in October.
For 2023, The Platform Group expects a pro forma increase in sales of 32 percent to 440 million euros. Earnings before interest, taxes, depreciation and amortization (EBITDA), adjusted for special effects, are to be increased by 92 percent to 20 million euros.